Community & Economic Development Seeks Grant Funding for Grocers in Food Desert Areas
Albany, GA – The City’s Department of Community & Economic Development (DCED) requested approval from the Mayor and Commissioners to apply for grant funds to support possible development of grocery stores within under-served areas of the community.
DCED will submit a Letter of Intent (LOI) to the Reinvestment Fund as part of the Request for Funding Application (RFA) process. The LOI is the first step in the application process and is required for all applicants to express interest in grant funding from the Targeted Small Grants (TSG) Program. LOIs are due by July 10, 2020.
Recently, the Reinvestment Fund advertised a grant funding opportunity through its America’s Healthy Food Financing Initiative, TSG Program. For FY 2020, the Reinvestment Fund will make available up to $3 million for innovative fresh food retail and food system enterprises that seek to improve access to healthy foods in under-served areas, to create and preserve quality jobs, and to revitalize low-income communities. Available grant awards will be made for eligible projects from $20,000 - $200,000. Grant awards can assist projects with a variety of aspects of retail or enterprise development, renovation, and expansion. The grants will be one-time investments of capital into a food retail or food enterprise project in order to address higher costs and initial barriers in under-served areas.
The Reinvestment Fund will screen all LOIs for eligibility based on submission requirements, applicant eligibility, project location, and project types. Eligible projects will be invited to submit a full application, and applicants will be contacted in August 2020 with the status of their LOI submission. If the project is determined eligible, an invitation will be extended to submit a full application.
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