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FUNDING
WILL BRING NEW SUPERMARKETS TO COMMUNITIES
IN NEED
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Kitchen |
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Washington |
HARRISBURG,
July 19
– State Senators LeAnna M. Washington (D-Phila.
/Montgomery) and Shirley M. Kitchen (D-Phila.)
announced today that three new supermarkets
will open in Germantown, North Philadelphia
and Logan thanks to a state loan in the
amount of $2.5 million.
“I am so pleased to announce this funding,”
Washington said. “It is a great convenience
for the citizens of these communities to
have supermarkets readily available in their
neighborhoods.”
“With the opening of these supermarkets
almost 600 new jobs will be available,
making this a great opportunity for economic
growth and career opportunities in the
community,” Kitchen added.
The funding, being provided to the Fresh
Grocer, LLC; will assist in the financing of
start-up working capitol, renovation costs
and the purchase of new equipment for three
new stores.
The Fresh Grocer, LLC specializes in opening
supermarkets in areas that are determined to
be underserved and are in low to moderate
income census tracts.
“These underserved communities deserve to
have the convenience of shopping for their
grocery needs in their own community.”
Washington said. “This funding gives them a
way to do just that.”
“It is funding like this that helps these
communities realize their economic goals,”
Kitchen added.
The funds were administered by the
Commonwealth Financing Authority under the
First Industries Loan Guarantee –
Agriculture. |