Thank you to Michael Abernathy and the Burlington Times-News for spreading the good news.
We are just $300,000 away from starting construction on the Company Shops Market. That’s not so much when you consider that if every CSM Owner buys a $200 share of preferred stock, we will have all the funding we need to get started. – Sarah Cook
“Downtown co-op gets loan, hopes for $300K state grant”
Michael D. Abernethy / Times-NewsAnother step closer to a 2010 opening, the Company Shops Market will use a $1.1-million loan from Fidelity Bank towards construction of the store at 268 E. Front St.
The loan is guaranteed by the U.S. Department of Agriculture.
Before the cooperative grocery gets the loan, its members must raise a minimum of $800,000. The 1,608 members have raised $500,000 so far and need another $300,000 before the loan kicks in.
Members hope at least some of that $300,000 will appear in the form of a grant from the N.C. Department of Commerce.
Read the full article on the front page of the Times-News or online at http://www.thetimesnews.com/news/loan-33035-grant-members.html