East Side Food Co-Op

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

Investor

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

Other Minnesota Projects

A $7 million allocation for the infrastructure development for 32 lots and build 15 homes with 80% reserved for low-income buyers. This development is close to downtown, transit, shops, and

10 affordable homes created through the Greater Metropolitan Housing Corporation
Much-needed investment by an innovative manufacturer provides economic boost for north Minneapolis, Minnesota community.

Red Lake Inc., an economic development enterprise of the Red Lake Band of Chippewa Indians, and its subsidiary, Ogaakaaning Wild Rice LLC, expanded its wild rice business to better serve