We seek a broad base of individuals interested in participating in the growth and improvement of the Ossining Main Street business district who ultimately have in common an attraction to the opportunity to invest locally in a community-based investment initiative grounded on sound business principals with low individual monetary risk and a reasonable rate of return that reflects the goals and mission of the group.
Initiators of this group are residents of the greater Ossining community whose professional expertise and personal experiences include Finance and Law, Architecture and Construction, Marketing and Real Estate, Fundraising, Community Action, Property Management, Restaurateur, Interior Design and many others.
Mostly, the group has in common a unified vision and commitment to unlock the vast potential of Ossining and to incorporate the principles of "locavesting" by directing a modest amount of their personal investments to their own home community.
To further the mission and goals of the group and to raise the necessary capital (estimated at $2,000,000), shares/membership interests, will be offered and sold at an offering price of $500.00 per share/membership interest. To foster wide-based community involvement, to minimize personal risk, and avoid concentration of control of the group, purchases will be limited to 5 shares/membership interests per individual with an initial offering of 4,000 shares/membership interests. No investments will be required until the group receives the requisite subscriptions or pledges by the investors.
The group will be managed by an executive/steering committee elected by the investors. Participation by investors in management decisions will also be encouraged through membership in various advisory committees. Additionally, information regarding group activities will be actively disseminated through various outlets, including emails and regular investor meetings.
In the near future, those individuals interested in initiating their commitment will be asked to contribute $100 (to be credited toward their investment) to cover initial start-up (legal, filing etc.) costs. All funds collected will be held in a specially designated escrow account.
