Presentation Title
Keywords
Building community support, models of grocery store ownership, financing store operations
Description
IKE is the “Invest Kansas Exemption” for conducting a public offering of securities in a Kansas community without having to register with the Office of the Kansas Securities Commissioner (KSC). The Home Town Market in Minneola, KS used IKE to finance building renovations and equipment for the grocery store and deli. KSC presenters will explain how IKE and other alternatives for grocery store financing are possible under Kansas and federal securities laws.
IKE is designed to assist small businesses and other organizations formed in Kansas raise up to a total of $1,000,000 during a 12-month period. Sales to any one purchaser are limited to $5,000 unless the purchaser is an accredited investor. There are no fee requirements; issuer’s only need to submit a one-page form for notice to KSC; and KSC staff is available to help with questions before and after an IKE offering. Following Kansas being the first state to enact an exemption like this, several other states have also formed similar exemptions and laws. You can go to our website and review more about IKE at www.ksc.ks.gov/IKE. Other common exemptions are listed on the left panel of this page.
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Community Funding: Rural Grocery Stores Like IKE!
IKE is the “Invest Kansas Exemption” for conducting a public offering of securities in a Kansas community without having to register with the Office of the Kansas Securities Commissioner (KSC). The Home Town Market in Minneola, KS used IKE to finance building renovations and equipment for the grocery store and deli. KSC presenters will explain how IKE and other alternatives for grocery store financing are possible under Kansas and federal securities laws.
IKE is designed to assist small businesses and other organizations formed in Kansas raise up to a total of $1,000,000 during a 12-month period. Sales to any one purchaser are limited to $5,000 unless the purchaser is an accredited investor. There are no fee requirements; issuer’s only need to submit a one-page form for notice to KSC; and KSC staff is available to help with questions before and after an IKE offering. Following Kansas being the first state to enact an exemption like this, several other states have also formed similar exemptions and laws. You can go to our website and review more about IKE at www.ksc.ks.gov/IKE. Other common exemptions are listed on the left panel of this page.
