1,000
OWNER
COUNT
2013

Chicago Market will transform our local food system with the opening of our community-owned grocery store.

Local

Chicago Market creates a dual win for shoppers and farmers: Customers will have easy, convenient access to a broad array of amazing local food, and our local farmers and producers will have a trusted business partner. We’ll not only sell their products, we’ll tell their stories, forging strong and lasting bonds between farmers and customers. Chicago Market will be known for great local products, and with our sales volume and commitment to local, we’ll also be a catalyst that will ignite the vibrant local food elements that are presently emerging all around us.

Sustainable

In daily operations, buildout, and sourcing our food and vendors, Chicago Market is making decisions with an eye towards minimizing environmental impacts. Our store will be a leader in environmental stewardship with recycling, reusing, composting and eliminating food waste as we work towards a zero-waste operation.

Ours

By launching a community-owned grocery store, we’re keeping profits circulating in the local economy. And as a co-op, we decide where and how our profits are invested, living our value of ‘concern for community’. We’ll reinvest in organizations that make our community great for everyone and our needs-based discount program will ensure our store is accessible for every budget. Our staff will largely be hired from, and reflect, our neighborhoods.

But all this only happens if each of us do our part to Build a Better Market and we meet our $3 million campaign goal this year. We have a variety of investment and donation options available, so you can participate in a way that’s right for you. Click below to learn more.

Owners residing in IL   accredited investors
residing in the US
(see qualifications below)

Our Co-op will cost between $7.6 and $8.1 million to build, equip and open (Uses). It’s up to us, the Owners, friends, and supporters of Chicago Market, to raise $3 million of that total — and we’re almost 25% of the way to our goal as we launch this campaign. The remaining amount will be financed by a bank loan and TIF funding. (Sources)

We are now offering Preferred Shares in Chicago Market as well as the option for making a tax-deductible donation.  

"As a long-time Owner (number 14!), I've seen our community do the hard work to transform a vision of Chicago Market into reality. I've never felt more confident in Chicago Market's success. Our General Manager, Dan, is amazing. Our Gerber Building location is unique and compelling. The business plan is rock-solid and has been vetted by multiple experts. And we have thousands of Owners like us. It takes a community to build a store like this -- I can't wait to do my part and invest in this campaign."

- Malcolm Haar, Owner #14

"My food activism used to be negatively framed. I was “against” this and “against” that. But I’m not sure that is the best way to effect change in our food system. I think it is better to offer a new idea, a new paradigm. Our Co-op, Chicago Market, IS that change-maker, that disrupter. The vision we are all working toward of a grocery store that truly carries a massive percentage of local foods is exciting and I want to invest in that. My wife and I made a stretch loan years back to the Co-op and we're committed to purchasing shares this fall to get Chicago Market open and selling local foods!"

- Grant Kessler, Owner #3

"As with almost everyone involved with Chicago Market - I certainly have a passion for local...for food...for community. However, being frank, passion is not enough to make a business run - and that's where Chicago Market sets itself apart! Values I believe in tied to an amazing business plan, an experienced General Manager, a passionate owner base and an AMAZING community to open our store makes Chicago Market a no-brainer for me to invest in! I'm proud to say that I am a preferred shareholder in addition to being an Owner, volunteer (and future shopper!) for Chicago Market!"

- Matthew Ruffi, Owner #1864

Owners residing in IL   accredited investors
residing in the US
(see qualifications below)

Series B Individual Investor Qualifications (must satisfy one of these):


1. A net worth, or a joint net worth with a spouse, in excess of $1,000,000. Net worth includes equity in personal property and real estate — other than principle residence —
cash, short-term investments, stock (including pensions, 401k,etc.) and securities. Equity in personal property and real estate should be based on the fair market value of such property minus debt secured by such property.
2. Annual gross income in excess of $200,000 in each of the two prior years and expected income of more than $200,000 in the current year.
3. A joint income with spouse in excess of $300,000 in each of the prior two years and expected joint income in excess of $300,000 in the current year.

Series B Business Investor Qualifications (must satisfy one of these):


The person signing on behalf of the entity will represent and warrant as follows with respect to the business entity investor, at least one of the following:
1. It is an entity in which all of the equity owners are accredited investors.
2. It is an organization described in section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000. (This could be non-profit, corporation, or partnership, etc., and just looks at the assets of the entity.)

 


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