Now that its future location in Self-Help’s Kent Corner development has won approval from the Council, DCM is free to focus on the little things. Like paying the bills:
Since our investment drive started in late April, we are 80% of the way to our $1 million overall investment target. We have the funds to start construction, but still need further funds to acquire working capital and ensure that we can stay open prior to breakeven.
So, that’s nearly two hundred thousand bucks remaining to be raised. That seems like a lot, but with construction on the site imminent I have to think they’ll see an influx of interest while the project ramps up. There are essentially two ways to contribute: become an owner (one hundred bucks) or become an investor (five hundred bucks a share, minimum two shares).
DCM’s public-facing information on owner benefits is somewhat sparse at the moment. My best guess would be that they will emulate Weaver Street’s model, where owners have a say in elections, and have the opportunity to receive store discounts and dividends.
If you’re interested in participating, the DCM annual meeting will be Sunday, Oct 13, at 5pm.