MCIC March Update – Tuesday, March 03, 2026 Preparing for our Stock Offerings The initial phase of legal research on MCIC’s stock offering is now complete. We can obtain an exemption from federal filing requirements with the SEC by offering shares only to Idaho residents, but we will need to register our offering at the state level. The MCIC Board has engaged an Idaho-based law firm with securities expertise to navigate the process. While this may require additional preparation and up-front costs, completing state-level registration will provide our Board and members with confidence that we have a solid legal foundation to launch MCIC’s initial capital campaign. Fundraising Update MCIC has received over $24,600 in direct donations toward start‑up costs! Thank you to the 68 couples and individuals who have contributed, bringing us to $24,649. Thank you again for your generous support! Contributions to start‑up costs can be made by checks payable to MCIC and mailed to: MCIC PO BOX 8445 Moscow, ID 83843. MCIC Member Stats (as of 2/22/26) 341 Member Pledges (@ $1k each, totaling $341,000) 67 Additional Investment Pledges 53 of the 67 pledges totaled between $183,000 to $194,000 (some pledges provided a firm number and some a range of additional investment) The remaining 14 of the 67 pledges are “TBD” 61 of the 67 pledges are local to Latah County 6 of the 67 pledges reside in Idaho, but outside Latah County TOTAL Maximum Pledges: $535,000 Board Member Spotlight: JT Manning JT Manning is a Realtor® serving Moscow, Pullman, and the greater Palouse region, where he works with individuals, families, and businesses as they navigate meaningful life and business milestones. His entry into real estate began through work with a commercial shopping center, where he helped ownership rethink management structures to better support both tenants and owners. That experience continues to shape his practical, creative approach to problem-solving and his ability to navigate complex situations with a steady, thoughtful presence. JT is known for showing up when it matters and bringing a calm, strategic mindset to the people and projects he serves. His work is grounded in service, consistency, and excellence, with a strong belief that understanding clients requires ongoing listening as goals and circumstances evolve. Beyond real estate, he is actively engaged in Moscow’s civic life through involvement with the Chamber of Commerce, the Farmers’ Market Commission, and the Latah County Board of Realtors. He is especially energized by cooperative commercial investment as a pathway for broader community participation in local ownership. JT believes Moscow is strongest when people choose to engage, contribute, and build together. His life story is one of showing up—and he hopes it serves as an invitation for others to do the same. With this spotlight, we also extend our sincere thanks to Ben for his service as Board President. His leadership and dedication helped guide the organization through an important chapter, and we are grateful for the time, care, and commitment he brought to the role. As Ben steps out of the presidency, we appreciate his contributions and look ahead with gratitude and continuity. Cooperative Principle of the Month: Principle #3: Sense of Place We value Moscow’s rural college-town atmosphere and its longstanding “Heart of the Arts” identity. MCIC’s investments are guided by respect for the cultural, artistic, and social fabric that makes Moscow distinctive, ensuring that development strengthens the character and creativity of our community. Why People Are Pledging “We’re proud to pledge our support to the Moscow Community Investment Cooperative (MCIC) because it offers us a tangible way to help shape the future of our town with our friends and neighbors. We believe in keeping Moscow welcoming, inclusive, and community-centered, and this cooperative model puts decision-making power directly in the hands of the people who live here. By investing collectively and democratically in the MCIC, we’re not just buying property—we’re actively helping to preserve the character, accessibility, and shared values that have made Moscow our home for over 20 years.” — Lysa & Tom Salsbury Real Estate Fact of the Month College towns tend to experience more stable housing demand over time than many similarly sized communities. Universities function as anchor institutions, providing long-term employment and a steady flow of students, faculty, and staff. This consistent presence helps buffer local real estate markets during economic downturns and supports long-term community resilience. This stability is one reason community-based, locally controlled real estate—like the model used by Moscow Community Investment Cooperative—can focus on stewardship and place-making rather than short-term speculation. Citation: Perry, D. C., & Wiewel, W. (2005). The university as urban developer: Case studies and analysis. M.E. Sharpe.