East Side Food Co-Op

New Markets Tax Credit Coalition

Minneapolis,
MN
(2015)

East Side Food Co-Op

Grocery and Fresh Food, Retail, Retail and Commercial

The NMTC helped a food co-op expand and provide greater access to healthy food in a USDA food desert.

Investment

NMTC Amount: $4,600,000
Total Project Cost: $6,861,889

IMPACT

25 FTE jobs
46 construction jobs

CDEs

Self-Help

Investor

Unknown

Project Description

In 2015, Self-Help provided $4.6 million in NMTC financing to the Eastside Food Co-Op in Minneapolis, MN. The loan was part of the Eastside Food Co-Op’s $6.7 million expansion, which generated 25 jobs and allowed greater access to healthy food in an economically distressed area.

MAP

Address: 2551 Central Avenue, Minneapolis, MN 55418

Census Tract: 27053001100

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East Side Food Co-Op

Minneapolis,
MN
(2015)

Grocery and Fresh Food, Retail, Retail and Commercial

CDE(s): Self-Help

The NMTC helped a food co-op expand and provide greater access to healthy food in a USDA food desert.