Foremost Brewing Cooperative is an exciting opportunity for a large number of civic-minded people to directly invest in the revitalization of downtown Owatonna while personally receiving social and financial returns.
Foremost Brewing will be a restaurant, bar, and craft beer brewery that will provide guests in Owatonna, MN with an upscale, casual, beer-centric dining experience featuring locallyproduced craft beers paired with fresh, gourmet pub food using locally sourced ingredients.
As a brewpub and a cooperative, Foremost Brewing is statistically poised for long term success. While 60% of restaurants close within 3 years of opening, only 40% of the 3,269 brewpubs that have opened in the past 38 years have closed. Similarly, while only 5% of traditional businesses are still operating after 5 years, 90% of cooperatives are still operating after 5 years.
“Forged in Community” is a guiding principle that will set Foremost Brewing apart from all other establishments in the area and provide a competitive advantage. Foremost Brewing Cooperative is the result of local people coming together to achieve a common goal of making Owatonna a more desirable place to live and visit by creating, from the ground up, what will become a local treasure and community pillar. Through the cooperative business model, Foremost Brewing will continue to engage the community through democratic control and direction by its members.
Organized under Chapter 308B of Minnesota Statutes, Foremost Brewing Cooperative is formed for the benefit of its members and is based on the values of self-help, selfresponsibility, democracy, equality, equity, and solidarity. Its members believe in the ethical value of honesty, openness, social responsibility, ecological responsibility, and caring for others.