Thank you and an update!

Hello Friends,


Thank you for all your recent support, time and energy. Our Member Loan Campaign raised $195,000 and we still have some pending pledges so we may very well go over $200,000 by the end of the month. Over 15 volunteers made this possible - including many of you! This is an amazing result and we should all feel really good about it!

Unfortunately, it is also short of our goal of $500,000. Since the campaign ended, as the experts suggested we do, we evaluated the strengths and weaknesses of our campaign. Our evaluation is complete and the Board has come to the sobering realization that our goal may have been too optimistic.

In response to this, the Board is moving ahead on three major efforts:
1.  Continue to increase membership that is vital to the long term success of the Co-op,
2.  Relaunch the Member Loan Campaign in early October.  While we may not meet the $500,000 goal, we know there is additional loan capacity out there and we will work to get every possible loan we can,
3.  Review our business plan to determine options for opening a store with less funding.

We will have updates on each of these items and opportunity for great conversation at our annual meeting on October 19.  Please save the date! We all know that MoCo will benefit this community for many years to come.

If you have any questions for MoCo, please email info@morrisvillevillecoop.com or our Board Chair, Sarah Thomas sthomas7584@gmail.com 

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