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Butte Food Co-op Community Interest Survey
A Food Co-op For Butte
A start-up committee of local residents is exploring the possibility of forming a cooperative grocery store in Butte. The purpose of this survey is to determine if there is sufficient community interest to continue pursuing this venture. If the results of this survey indicate that there is enough interest, steps will be taken to further the development of a cooperative.
A food cooperative is locally owned and governed, and benefits are shared with the member-owners. Each member-owner purchases a single share of common stock, votes for the board of directors and may receive discounts or a percentage of store profit.
A co-op board may raise working capital by selling preferred co-op stock. Investors in preferred stock do not vote, but may annually receive a modest percentage of profits set by the board of directors. There are many different models of cooperative membership, governance, and benefits, which will be determined by a future board of directors.