The Commonwealth's Fresh Food Financing Initiative has won the U.S. Environmental Protection Agency's 2006 National Award for Smart Growth Achievement, which is given to public sector entities that, among other things, make investments to strengthen communities and promote balanced, regional development.

Since its inception in early 2004, 11 supermarkets have been funded throughout the state, generating investments of at least $46 million and creating or preserving more than 1,432 jobs.

"Over the last four years, we have worked hard each day to strengthen our cities and towns, promote economic development, and improve the quality of life for our residents," said Gov. Rendell. "The Fresh Food Financing Initiative is just one way we're accomplishing this.

"By investing our resources in this innovative program, new supermarkets and grocery stores are opening in urban and rural communities - areas that are often underserved. More stores mean more job opportunities and better access to quality foods that encourage a more nutritious, healthy lifestyle."

The initiative is the nation's first, state-level program aimed at attracting supermarket development in underserved rural and urban communities. It is designed to serve the financing needs of supermarket developers in communities where infrastructure costs and credit needs are not met by conventional financial institutions.

To help supermarkets and grocery stores move into underserved areas, the initiative analyzes market conditions, leverages capital, and encourages public policy to stimulate development.

The program is managed through a partnership between the Department of Community and Economic Development and three nonprofit organizations - The Food Trust, The Reinvestment Fund, and the Greater Philadelphia Urban Affairs Coalition.

Pennsylvania has invested $30 million in the Fresh Food Financing Initiative, with matching funds from The Reinvestment Fund and other public and private sources. The Food Trust connects supermarket operators, developers, and communities with the available financial and technical resources, while GPUAC works to enhance contracting opportunities for minority- and women-owned businesses.

For more information, visit the Fresh Food Financing Initiative webpage or call The Food Trust at 215-568-0830.

11/17/2006