Status Update

Progress

• Favorable market analysis report received in February
• Incorporated in February, 2007, as a cooperative association in New Mexico
• Bylaws adopted by membership vote May 2007
• First draft of business plan reviewed by several outside authorities
• Consulting with commercial realtor in Los Alamos
• Collaborating with Española Community Market board; joint grant preparation

Membership and finances

• More than 200 founding lifetime members and more than 100 charter annual members (year begins the day we open the doors).
• Gifts (monetary and donated expenses): about $2000

Next steps

• Design member loan program
• Identify location in which to open

Farther out

• Hire project consultant
• Obtain bank loan[s]
• Hire general manager
• Renovations as necessary
• Count down to opening!

Consultants

• C. E. Pugh, La Montanita
• Robin Seydel, La Montanita
• Denise Lane, commercial real estate broker
• Patrick Sullivan, Los Alamos Commerce and Development Corporation
• James Dinkel, CPA, Los Alamos
• Peter Chestnut, lawyer, Albuquerque
• Steve Wells, LANB, Los Alamos