Hitchcock’s Market

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

Investor

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.

MAP

Address: 26064 US Highway 19, Old Town, FL 32680

Census Tract: 12029970200

Other Florida Projects

The project will be turned into an entrepreneurship center operated by the borrower that provides temporary co-working and events space, a shared commercial kitchen, and workforce development consulting and training

An experiential, real-life simulation, JA Finance Park first provides a series of lessons in the classroom to middle school students where they learn about all aspects of personal finance including
The construction of a new 14,000 sq. ft. comprehensive behavioral health emergency room.
Snack manufacturer partners with CDE to create or save 397 jobs in a community on the precipice of economic disaster.