The New Markets Tax Credit (NMTC) program incentivizes private investment in low-income communities by permitting individual and corporate investors to receive a tax credit against their federal income tax return in exchange for making equity investments in specialized financial institutions called Community Development Entities (CDEs). The NMTC program has a proven track record in expanding access to healthy foods by encouraging private sector investment in underserved communities. This webinar serves as an introduction to a complex financing tool and explores some examples of how NMTCs are being used to finance a variety of projects designed to improve access to healthy foods.

New research in a joint report by PolicyLink and The Food Trust, Access to Healthy Food and Why It Matters: A Review of the Research, underscores healthy food access as the foundation necessary for reaping the positive benefits associated with healthy food. The research reveals that improving healthy food access in low-income communities and communities of color continues to be an urgent need with nearly 30 million people living in low-income areas with limited access to supermarkets. The webinar features report authors along with a local government official. Speakers discuss how findings from the new report can be used to expand healthy food access in communities across the country.

Limited retail access to healthy foods affects the dietary patterns and health outcomes of many Americans.  In this webinar, speakers discuss how new research and evaluation practices are helping to generate innovative solutions that stimulate change in local communities.

MyTown Marketplace, a supermarket that serves the Highland Falls community of New York State, opened in 2011 with a grant provided by the New York Healthy Food Healthy Communities (HFHC) Fund.  The HFHC Fund is a healthy food financing program that supports healthy food retail projects in communities where residents struggle with limited access to healthy foods. The HFHC Fund is administered by the Low Income Investment Fund (LIIF), a national community development financial institution, and The Food Trust, a national food access organization.

Northgate Markets, a family-owned grocer with 34 locations in Southern California, responded to Inglewood residents’ request for better access to healthy food.  Located southwest of Los Angeles, Inglewood is a diverse community, with large African American and Latino populations.  Coming out of the Great Recession, the Inglewood community has continued to face economic hardships, with 21 percent of the population living below the poverty level, compared to 14 percent statewide. With funding from the California FreshWorks Fund (CAFWF), Northgate was able to expand and open 30,000 square feet of new grocery retail, improving food access for 105,000 nearby residents. Northgate also serves as a critical economic anchor for the area, creating 125 new jobs, most of which are held by local residents.

The reopening of Circle Food Store in New Orleans is part of the city's commitment to improve the business and economic infrastructure of the Seventh Ward after the devastating effects of Hurricane Katrina.  A predominately African American, low- to moderate-income community, many residents struggle to access healthy food. With funding from the New Orleans Fresh Food Retailer Initiative (FFRI) along with an Economic Development Fund grant from the city and a loan from the Louisiana Office of Community Development, Circle Food Store owner Dwayne Boudreaux was able to finance the reopening and renovation of Circle Foods and help create 65 full- and part-time jobs for the community with 95 percent of these positions filled by local residents.

Fare & Square is the culmination of numerous attempts to attract healthy food retailers to the severely distressed city of Chester, PA. Owned and operated by Philabundance, a nonprofit hunger relief organization, this 16,000-square-foot, nonprofit grocery store offers shoppers convenient access to “good food right around the corner” that has not been available in a grocery store format for more than a decade.

Mariposa Food Co-op operates as a full-service, cooperatively-owned and -operated grocery store in Philadelphia, PA. With more than 1,500 members they are active leaders in the cooperative movement. They currently employ 45 people, making them one of the neighborhood’s largest employers. This profile highlights the Co-op's impact on the local community and the funding and financing behind their recent expansion.

Green City Growers Cooperative (GCGC) is a cooperative urban greenhouse in the heart of Cleveland, Ohio. GCGC provides an example of an innovative and employee-owned food production enterprise that is revitalizing Cleveland’s Central neighborhood while providing quality employment opportunities, building community wealth and assets, and promoting healthy food access both in the neighborhood and citywide.