Midwest distribution facility for Whole Foods serving stores in US and Canada.
Established 100 years ago, Greenco Beverage Co. is one of the largest beverage distributors in Upstate South Carolina. Recently, the company purchased approximately 12 acres of property along the Poinsett Corridor in its hometown of Greenville to construct a new 120,000 sq.-ft. distribution center. The new state-of-the-art, energy efficient facility will replace Greenco’s current outdated distribution center on White Horse Road, which also lacks sufficient space for expansion.
Development of a new 62,333 square-foot Restaurant Depot. Restaurant Depot is a business-to-business grocery and food service distributor. The majority of its customers are independent restaurant owners, small retailers, caterers, and non-profit organizations which benefit from a full range of quality foods sold at prices significantly lower than traditional delivery wholesalers. Additionally, Restaurant Depot’s willingness to sell without minimum quantities allows small grocers and operators of corner stores and bodegas to opt for fresh, healthy foods rather than long shelf-life products.
The Makah tribe’s fishing dock in northwest Washington is ready for business – and spurring economic development in the region.
Vermont Rural Ventures provided a key piece of financing for Black River Produce’s expansion into the distribution of locally raised meats. Financing from Vermont Rural Ventures supported the acquisition of a fully equipped meat slaughter, processing, and cold storage facility.Tenant Vermont Packinghouse will slaughter and process animals from Vermont and neighboring areas into primal cuts, retail portioning, ground meat, and sausage. Seafood will also be processed and stored within the facility. The products will be marketed, sold, and distributed to area and metropolitan retailers, restaurants, and institutions by Black River Produce.
Southeast Georgia Blueberry, LLC is a blueberry processing venture located in Douglas, Georgia, a rural, economically distressed community. In 2009, two large poultry industry employers in the region closed their doors creating major job losses in the town. The two chicken processing facilities employed approximately 1,100 individuals and as a result of the closing, the median income in Douglas sank to 67.5 percent of the area’s median income, the poverty rate rose to 21.2 percent, and the unemployment rate grew to 1.4 times the national rate.
In addition, the closing of the processing plants left approximately 600 chicken farms in the area without a way to process their product, causing the farms to close. The once prosperous chicken farms were too small to convert to traditional farming and sat abandoned. In 2010, Southeast Georgia Blueberry realized the small farms would be an ideal location for expansion of their blueberry operation because blueberries produce an extremely high yield per acre. However, the company lacked adequate funding to convert the chicken farm into a blueberry operation. To make the project a reality, Southeast Georgia Blueberry, turned to SunTrust Community Capital, which provided $1.2 million in NMTC financing for construction of a new plant on the old chicken farm. In its new blueberry processing facility Southeast Georgia Blueberry grades blueberries for quality using optical equipment, and then packs and distributes them to both grocery stores and companies like Pillsbury and General Mills.
The expansion of Southeast Georgia Blueberry created 18 construction jobs and 20 permanent jobs with the intention of growing by approximately 35 employees. It has also allowed the company to stay on the cutting edge of the $134 million blueberry industry. Thanks to the New Markets Tax Credit, Southeast Georgia Blueberry is able to bring employment to Douglas and promises to create a ripple effect in the local economy still devastated by the loss of the poultry industry.
The intersection at Fremont Street and Martin Luther King Jr. Boulevard in Notheast Portland had long been the site of criminal activity and a long-vacant corner market. The location was identified by the City’s redevelopment agency as a potential gateway to the King neighborhood and the rapidly-changing Albina area.
The Fremont Building, completed in 2007 by local minority developers, incorporates 9,500 SF of ground floor restaurant and retail, upper-floor office space, and parking.