Healthy Food Financing Initiative
In 2014, Finance Fund Capital Corporation (FCAP) with support from the Ohio Regional Convergence Partnership, the United Way of Central Ohio and the United Way of Greater Cleveland commissioned The Food Trust to conduct a statewide quantitative research study to identify Ohio communities that lack access to healthy food options.
The report, Food for Every Child: The Need for Healthy Food Financing in Ohio, mapped communities located at the confluence of high rates of diet-related death, poor supermarket access and low-and moderate-income and determined that over two million Ohioans, including 500,000 children, live in low-and moderate-income communities (LIC) underserved by supermarkets.
Healthy Food Financing Task Force
In June 2014, Finance Fund shared the Food Study findings with a statewide Task Force of key public and private stakeholders representing state agencies, foundations, grocers, corporations and non-profit health and food access organizations. The Healthy Food Financing Task Force has since identified key barriers, including access to financing, that are keeping healthy food retailers from locating in underserved communities. The Task Force developed policy recommendations to reduce or eliminate those barriers. The report, Supporting Grocery Development in Ohio, was released February 2015.
Funders and Healthy food projects needed
FCAP is seeking capital from public and private sources for the “Healthy Food for Ohio” grant and loan program. The program will assist healthy food providers with capital to open or expand operations in urban and rural communities with low supermarket access.
Please contact Director of Development Valerie Heiby firstname.lastname@example.org if you are interested in providing grant or loan funding for this program.
FCAP is also reviewing eligible healthy food projects that are seeking funding. Those with projects or referrals should contact Credit Officer Kelly Cook at email@example.com for details on how to apply.
The application is a two-step process:
- To determine whether a project is eligible under the program guidelines, applicants must complete a Pre-Application.
- To apply for funding, eligible applicants must complete a full Application for Financing.
Healthy Food financing initiative Resources
- Supporting Grocery Development in Ohio
- Food for Every Child: The Need for Healthy Food Financing in Ohio
- Policy Statement Press Release
- Food Study Press Release
- Healthy Food for a Healthier Ohio Infographic
- Healthy Food Financing Initiative Investment Fact Sheet
- Economic Impacts of Supermarkets and other Healthy Food Retail
In the News
- Columbus Dispatch: Panel discusses food needs in low-income neighborhoods
- Columbus Dispatch: Seed money would boost access to healthy food
- Central Ohio NPR News & Music: Task Force Wants Taxpayer Money Spent on Expanding Grocery Store Markets in Ohio
- Cleveland Plain Dealer: Package to Eradicate Ohio's 'Food Deserts' is Delievered at Statehouse
- Cleveland Plain Dealer: Feds push for better foods, more neighborhood stores is slow-going
- Columbus Business First: Food Trust Study says 2M Ohio residents lack access to healthy food
Limited Supermarket Access (LSA) in Ohio
If you're interested in partnering with Finance Fund to address the significant need for supermarkets and other healthy food retail in Ohio's economically distressed communities, we'd like to explore this the possibilities with you. To find out more, please contactus at Info@financefund.org.