57.8 F
Fort Worth
Monday, November 23, 2020
Culture Food Making food deserts bloom: Open house info session planned for Oct....

Making food deserts bloom: Open house info session planned for Oct. 30

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Making food deserts bloom

Open house info session planned for Oct. 30

Fort Worth food deserts are set to get some relief in the form of an innovative financing program that will increase the number of grocers, corner stores, and other markets selling fresh fruits and vegetables.

The Fort Worth Healthy Food Financing Initiative (FW HFFI), a partnership between the City of Fort Worth and PeopleFund, will provide low-cost loans to open, renovate, or expand mid-size and small food retail outlets in low- and moderate-income communities with few grocery options, Blue Zones Project, Fort Worth said in a news release.

Entrepreneurs are invited to learn more at the FW HFFI open house, set for 8:30 to 10 a.m. Wednesday, Oct. 30, at the Business Assistance Center, 1150 South Freeway, Fort Worth, Texas, 76104. Attendees should RSVP on the PeopleFund website: http://bit.ly/fwpeoplefund

The news release said that the program is modeled on successful programs in a handful of U.S. cities and is designed to improve Fort Worth public health as well as spur economic growth.

“This program is a proven, effective, sustainable solution to bringing nutritious foods and jobs into areas that need them the most,” said Fort Worth Mayor Betsy Price. “When we make healthy choices available to our residents and invest in the vitality of our neighborhoods, good things happen.”

PeopleFund is a community development financing institution offering reduced interest rate loans and business education to individuals in underserved markets.

The FW HFFI program begins with $50,000 of public seed money to serve as an interest rate buydown for $500,000 in loans financed by PeopleFund, a non-profit Texas lender, the news release said.

FW HFFI is supported by the Tarrant County Food Policy Council, American Heart Association, Tarrant County Public Health, and Blue Zones Project, a community well-being improvement initiative led by Texas Health Resources.

“Evidence is mounting that access to healthy food reduces the risk of diet-related diseases such as obesity, heart disease, and diabetes,” Matt Dufrene, vice president of Blue Zones Project, Fort Worth, said in the announcement. “Through this program, we’re making it easier to bring healthy options to underserved communities, and allowing all Fort Worth residents to improve their well-being.”

Eligible projects include regional grocery chain locations or individual grocery retail outlets; convenience stores; farmers markets; mobile markets; caterers; restaurants; and food trucks. Proposals must demonstrate that the project is economically viable and will increase availability of fresh produce in areas that lack sufficient access to affordable, healthy food.

Funding may be used for pre-development activities such as architectural and engineering work, site improvements, construction and renovations, equipment installation and upgrades, staff training, security, and inventory and working capital. Available loans range from $5,000 up to $250,000.

“By financing projects with infrastructure costs and credit needs that are unmet by traditional financial tools, we can empower people to make healthy choices while also creating jobs and putting individuals on a path to financial stability and independence,” said Amber Kani, CEO of PeopleFund. “It’s a win-win for all of Fort Worth.”


close






Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox.

We don’t spam! Read our privacy policy for more info.

Latest News

New ownership at WineHaus

WineHaus Fort Worth announced a change in ownership and updates to the popular wine bar located at 1628 Park Place Ave. New owners Robyn Davis...

GM flips to California’s side in pollution fight with Trump

DETROIT (AP) — General Motors says it will no longer support the Trump administration in legal efforts to end California’s right to set its...

Fort Worth out of running for Space Command HQ, San Antonio still in

A Texas city could still host the U.S. Space Command headquarters, but it’s not going to be Fort Worth. The U.S. Air Force has narrowed...

U.S. Rep. Kay Granger says it’s time for Donald Trump to “move on” as most Texas Republicans remain silent

U.S. Rep. Kay Granger, a high-ranking member of Texas' congressional delegation who is respected among her peers, said Friday she has "great concerns" about...

New law seeks additional fees on electric vehicles. Here’s how many EVs are in Fort Worth and how much it can cost

A Texan lawmaker is attempting to levy additional fees on electric vehicles (EV) that could cost North Texas EV drivers collectively more than $2.5...