Fresh Food Financing Fund to Help Alleviate Food Deserts

Written by: Children's Campaign
Date Posted: August 16, 2013

Colorado has a new, innovative approach to improve health and spark economic development throughout the state. The Colorado Fresh Food Financing Fund (CO4F) recently received a $7.1 million seed investment from The Colorado Health Foundation to help remove financial barriers from the construction, expansion and renovation of grocery stores and other forms of healthy food retail in under-served areas.

These under-served areas are called food deserts: low-income areas in which residents have little or no access to nutritious, healthy, unprocessed foods such as produce, whole grains, low-fat dairy, and lean meats. The initiative, developed from recommendations from the Denver Food Access Task Force and modeled after other successful programs, will not only help diminish the prevalence of food deserts in Colorado, but also generate jobs and encourage economic development in lower income areas. In 2004, Pennsylvania created a similar fresh food financing fund and, in just six years, it helped develop 88 supermarkets and fresh food outlets in under-served rural and urban areas throughout the state, thereby creating or retaining 5,000 jobs in those communities.

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The Colorado Children’s Campaign is a nonprofit, nonpartisan advocacy organization committed since 1985 to realizing every chance for every child in Colorado. We advocate for the development and implementation of data-driven public policies that improve child wellbeing in health, education and early childhood. We do this by providing Coloradans with trusted data and research on child wellbeing and organizing an extensive state-wide network of dedicated child advocates. For more information, please visit www.coloradokids.org.