Update (11/16): Common Ground has announced an extension to their loan program – it will now be going until the end of this week, so there’s even more time to give and support an awesome local business!
In order to fund their new location, Common Ground Co-op is looking for owner loans, and this is the last week you’ll be able to do it.
If you need any convincing that being an owner of Common Ground is a good idea, check out their announcement of the new, cross-town, location in Downtown Champaign. All info can be found below:
Dear Owners of Common Ground,
Today starts the last week of our Owner Loan Campaign. We currently sit at $135,000 in loans, which is a long way from the $1.8 million we need to open our Champaign location. If we don’t hit that goal then construction will be delayed until spring. We need your help! Making an Owner Loan is a way for you to put your money to work, making a difference in the local economy and helping our community thrive.
What will your owner loan do? It will provide an accessible source of fresh, healthy food to a USDA-designated food desert.
It will create over 60 quality, sustainable jobs.
It will double our ability to support local farmers and producers.
It will open a community gathering space, with a fireplace, ample seating and community classroom.
It will let us partner with Champaign neighborhoods to drive the revitalization of north downtown.
We can do this! If you’ve thought about making a loan, now is the time to act! The minimum loan amount is $1,000 and interest rates go up to 4%, depending on the size and length of the loan.
If you can help, please drop by the store or email Phyllis Bruno at finance@commonground.coop for more information.
Together we can build a store in Champaign!
In cooperation,
-The Common Ground Team
