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Local delivery venture Loco to roll out in Cedar Rapids area
Loco plans a local Cedar Rapids launch by year end with a cooperative model. Investors must be Cedar Rapids restaurant or retail owners, with minimum $500 contributions and aim to raise $200,000 to $300,000 before launch. The app pledges 15 to 20 percent commissions and $15 hourly guarantees for drivers, keeping local ownership to resolve conflicts and preserve restaurant reputations.
MENTIONED IN THIS ARTICLE
Loco
Jon Sewell
Champ
Iowa City
Cedar Rapids
Sewell
Shriver
DoorDash
Brewhemia
Justin Zehr
Linn County
Cliffs Dive Bar
Sacred Cow
Taco Gate
Zehr
Kory Nanke
Epic Catering Group
Crosby’s
Midtown Station
Midtown Reserve