Community Economic Development: A Community Initiative

Community Economic Development: A Community Initiative


[intro music]>>Narrator: From the early days of the War
on Poverty, emerged efforts to create business and employment opportunities for lower income
populations, To rebuild neighborhoods, communities, cities. To mend broken blocks and neighborhoods. To create new business opportunities, and
to innovate. Here is some of our work. [music]>>Narrator: The Healthy Food Financing Initiative
is bringing healthy and affordable food to communities in need. In Cleveland, a federal grant helped open
a food center. A place for nutrition classes, a farmers’
market. The kitchen incubator in Youngtown will provide
food entrepreneurs with advanced training and marketing help. They hope to create forty-five new jobs in
a new healthy food infrastructure for the community. In Columbus, a food-based business incubator
for caterers, bakers, personal chefs. A fully functional commercial kitchen. A place to create products at low overhead [pause] The Kitchen Incubator in Youngstown will provide
food entrepreneurs with advanced training and marketing help. They hope to create 45 new jobs in a new healthy
food infrastructure for the community. Republic Food Enterprise Center is a place
for farmers to sell, restaurants to locally source, caterers to cook. [pause] CED projects are not just making food. They
are growing things. Out of a former industrial site and abandoned
houses, emerges a hydroponic greenhouse for urban farming in the heart of Cleveland – millions
of heads of lettuce and 300,000 pounds of herbs. CED is also creating places to buy groceries. A Shop ‘n Save supermarket in the Hill District
neighborhood of Pittsburgh–the first or its kind in 28 years. And in Boston, federal funds leveraged with
tax credits and state funds will quadruple the size of a supermarket in Dudley Square. After five years of work, a grocery store
opens in Kansas City, made possible with federal and leveraged funds for this $3 million project. Over a decade ago, a grocery store left Baltimore’s
Howard Park. Soon, a new 68,000 square foot grocery store
will open, creating hundreds of new jobs. And a 3,600 square foot farmers market in
Memphis, through the work of the development arm of St. Andrew AME Church, residents, and
the University of Memphis. With CED support, Diamond Grains, a firm that
does site preparation work for grain bins, has expanded and is now working in 4 states. This project in Wisconsin will expand production
of industrial equipment from 6 to 32 machines a month. In Oklahoma, an eco-friendly LEED building
is made possible by CED and leveraged funds. They will house Choctaw Nation offices and
other businesses. [pause] CED funding is helping complete construction
of a new environmentally sustainable commercial building in Milwaukee. In Montana, a Community Development Corporation
helped a coffee roasting company open a second location, creating nine full time jobs. [music]>>Narrator: Community Economic Development
programs are creating economic opportunities. Helping address the economic needs of low-income
individuals and families.

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