Hillsborough, NC (2008)

Weaver Street Market’s Food House

A NMTC transaction supported the purchase and development of a third healthy food retail site, and to develop warehouse capacity that allowed the market to provide healthy, freshly-prepared foods to customers.

Investment

  • NMTC Amount: $6,955,470
  • Total Project Cost: $8,772,786

IMPACT

  • 35 FTE jobs

Project Description

Weaver Street Market is a large cooperatively-owned grocer that operates two stores in distressed areas in Carrboro and Chapel Hill (NC). NCBCI provided leverage financing as part of a $7.0MM in NMTC transaction to support the purchase and development of a third healthy food retail site, and to develop warehouse capacity that allowed the market to provide healthy, freshly-prepared foods to customers at all of its stores. Weaver Street invests in its local community by working with local farmers, seeking out Fair Trade products, supporting local producers and undertaking numerous environmental initiatives.”

Our Hillsborough store is located at the south end of a quaint-yet-dynamic downtown. History buffs [now] enjoy walking past colonial buildings, sitting in the garden at the Visitor’s Center, and stopping to read approximately two dozen historic markers around town. Access the Riverwalk along the Eno just behind our store. We’re just a few miles from the interstates, and there is plenty of free parking in the public deck behind our building.”

“The main benefit we derive as owners of WSM is having a thriving, cooperatively owned food market that makes our community a better place to live, builds our local food system, and keeps profits in our community.” — Weaver Street Community Market Board of Directors

MAP

437 Dimmocks Mill Road Suite 10, Hillsborough, NC 27278

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