December 6, 2022

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Healthy Food Financing Initiative Announces $4 Million Available in Funding | State

PHILADELPHIA, Sept. 28, 2021 /PRNewswire-PRWeb/ — Reinvestment Fund is inviting applications for grant awards and technical assistance by the 2021 spherical of the America’s Healthful Food stuff Financing Initiative (HFFI) Qualified Small Grants System. Funding for the HFFI Specific Compact Grants Method is furnished by the United States Section of Agriculture (USDA), licensed by the Farm Monthly bill. Reinvestment Fund serves as the national fund manager for the HFFI method at USDA. The 2021 HFFI spherical is giving at least $4 million in grant cash for foods retail and food stuff enterprises operating to strengthen access to wholesome food items in underserved areas, to generate and maintain top quality positions, and to revitalize very low-income communities.

“Investing in food retail obtain is about building necessary infrastructure, financial strength and community resilience,” stated Don Hinkle-Brown, President and CEO of Reinvestment Fund. “At a time when Us citizens are grappling with monumental troubles from continued COVID-19 infections to extreme weather, it is more significant than at any time that we assist communities and entrepreneurs in developing an equitable, resilient foodstuff method.”

HFFI is offering direct grants to jobs selected by means of a aggressive application process open to food stuff retail and/or non-retail meals method enterprises that add to improved new foodstuff retail accessibility in underserved rural and city communities across the place. Eligible applicants consist of for-earnings, nonprofit, and cooperatively owned firms and organizations, as perfectly as condition and community governments and tribal governments.

Grants could support projects with a range of areas of project advancement, renovation, and/or enlargement. Grants are developed to be a person-time investments of capital into a meals retail or food enterprise undertaking and purpose to unlock more resources of money, catalyze project sustainability, satisfy financing gaps, and permit deeper influence or challenge attain. Grant awards will variety from $20,000 to $200,000.

In conjunction with the grants program, Reinvestment Fund will also deliver specialized guidance to aid picked early-stage assignments where by sources would support establish area potential to establish a foods retail outlet or business and would clarify or progress an qualified undertaking.

Equitable entry to healthier foods is enabled by a food items program the place enterprises throughout the meals provide chain can thrive and provide contemporary, nutritious, and economical goods. The COVID-19 pandemic has revealed how crucial grocery suppliers, foodstuff suppliers, and their staff members are to delivering important items and solutions to communities. The lack of access to healthier food items disproportionally has an effect on low-money communities and communities of color. The Healthier Food Financing Initiative is created to present entry to money and technological means to assist new, balanced food shops and food stuff retail provide chain enterprises conquer the better expenditures and preliminary boundaries to entry in underserved parts.

The application has two phases–the first period is a Letter of Desire, which is thanks on Tuesday, December 7, 2021. Eligible applicants will be invited to post a full software in the next period. The Request for Support (RFA), application materials and supplemental information are accessible at http://www.investinginfood.com. Queries may perhaps be directed to [email protected] Reinvestment Fund is also hosting an informational webinar on the application procedure on Wednesday, Oct 13, 2021 at 2:00 PM EST. Potential applicants can join the webinar reside at https://bit.ly/HFFIWebinar101321. No registration is needed.

An initiative of USDA Rural Progress, HFFI has supported 43 awardees in two past funding rounds offering a complete of $4.8 million in grants. HFFI initiatives and systems have also been supported by the U.S. Office of the Treasury and U.S. Office of Health and Human Expert services. Since 2010, HFFI courses alongside one another have assisted leverage much more than $267 million in grants and an estimated $1 billion in further financing. They have also supported virtually 1,000 grocery and other nutritious food stuff retail projects in far more than 35 states throughout the state, revitalizing economies, creating employment, and improving well being.

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About Reinvestment Fund

Reinvestment Fund is a mission-driven financial establishment committed to producing communities function for all persons. We carry economic and analytical instruments to partnerships that perform to make sure that everybody has access to critical options: very affordable spots to stay, access to healthy foods and well being treatment, educational facilities exactly where their youngsters can flourish, and solid, neighborhood enterprises that assist jobs. We use knowledge to fully grasp markets, communities, and impediments to opportunity—and how expense and coverage decisions can have the most impressive impact. Considering the fact that our inception in 1985, Reinvestment Fund has furnished around $2.7 billion in funding to improve neighborhoods, scale social enterprises, and establish resilient communities. Starting with the Pennsylvania New Food items Funding Initiative (FFFI) in 2004, Reinvestment Fund has formulated a detailed and proof-based solution to improving the meals landscape for very low-profits people. Since that time, we have provided $323 million in grants and loans to healthier food items projects. Master far more at reinvestment.com.

Media Get hold of

Kavita Vijayan, Reinvestment Fund, +1 215-574-5893, [email protected]

 

 

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