In Austin, Texas a group of folks hungry for local food have cracked the code to access capital – looking to the community. Using a cooperative model they are continuing to innovate. Starting with the knowledge gained from such ventures as a co-op grocer, their success led them to experiment with opening a co-op brew pub. This venture has been another striking success, and are now working to open a cooperative food hub.
This webinar starts with the basics of what a co-op is, how it works, and then discusses accessing community-based capital through what is called a Member Investor Share Offering (MISO, also known as a Direct Public Offering or DPO). By leveraging the dollars from the community, they have been able to finance the start-up and beginning operations of innovative co-ops. Hear what the organizers of these businesses believe to be the secrets to their success, and some suggestions on how you might consider financing your planned operation in this way.