Change You Can Invest In.
Who We Are
Residents. Neighbors. Business Owners.
The Northeast Investment Cooperative (NEIC) is a cooperative that allows residents of Minnesota to invest financially to collectively buy, rehab, and manage commercial and residential property in Northeast Minneapolis.
We believe that by investing patient capital, actively recruiting local businesses to occupy our property, and supporting those businesses as they grow and thrive, we can bring transformative change to Northeast Minneapolis, one building at a time.
Our members share a desire to address pockets of disinvestment and vacancy in our community, and recognize that by pulling together and sharing risk we can do together what none of us could do alone.
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What We Do
Transformative.
NEIC looks for underutilized property in our community and raises capital from community members to buy and rehab commercial and residential property to improve our local economy. Our members have an interest in our tenants succeeding, thus leading to relationships that support our local businesses.
NEIC is committed to operating in a way that achieves the multiple bottom lines of sustainable economic development, local ownership of community assets, and a modest return on members’ investment.
NEIC is the nation's first commercial-property investment cooperative.
Before
After
Where We Work
Northeast Minneapolis.
Northeast Minneapolis has historically been a working-class community with strong ties to Polish, Italian, Finnish, German, and Russian immigrants that worked in grain mills, sawmills, breweries, rail yards, and factories throughout Northeast Minneapolis.
Today Northeast Minneapolis is a much more diverse community than ever. It is home to bustling shops, restaurants, an acclaimed arts district, a growing microbrewery industry, and progressive cooperative businesses.