Idaho residents who don’t live in Latah County can buy investment shares that do not come with a vote.
The MCIC is currently writing a prospectus so it can offer these shares. Calabretta said he estimates the organization is still a couple months away from being able to sell memberships.
The MCIC is asking for donations to cover start-up costs, which include at least $15,000 to cover legal fees, $4,000 for bookkeeping services, $2,500 for website development and $1,100 for insurance.
Calabretta said the MCIC is not ready to purchase properties yet, but that will be the next step after it collects members.
Calabretta is also the director of Washington State University’s Center for Civic Engagement, and Shinn is an urban forester.
The board’s vice president is local real estate agent JT Manning. Former WSU College of Education Director of Education Bev Rhoades is treasurer and WSU research associate Aly Bean is outreach director. Pat Vaughan, former Latah County assessor, is also on the board.
More information can be found at moscowinvestment.org.
Kuipers can be reached at akuipers@dnews.com.
