Hitchcock’s Market

Old Town, FL (2013)

Hitchcock’s Market

Grocery and Fresh Food, HFFI, Retail, Retail and Commercial, Rural

In rural Dixie County, Florida, there was only one grocery store, and its 30-year old building had become run down.

Investment

NMTC Amount: $2,050,000
Total Project Cost: $7,345,560

IMPACT

19 FTE jobs
120 construction jobs
26,000 sq. ft. of real estate

CDEs

Florida Community Loan Fund, Stonehenge Community Development

Investor

US Bank

Project Description

In rural Dixie County, Florida, there was only one grocery store, and its 30-year old building had become run down. With NMTC financing, Hitchcock’s Market, a small regional chain, built a new 26,000 sq. ft. full service grocery store, including a pharmacy, on an adjacent site. The area is a USDA food desert, and now serves 16,000 area residents annually – the majority low-income.