The Food Trust Launches the MA Food Trust Program
The Massachusetts Food Trust Program (MFTP) provides loans, grants, and business assistance for increasing access to healthy, affordable food in low-income, underserved areas. It was started with seed funding from the Baker-Polito Administration in 2018 and is partnered with numerous state stakeholders.
Lincoln County to Issue Bonds for KY Fresh Harvest Project
Lincoln County will issue industrial revenue bonds for a high technology greenhouse project totaling $12 million. The 30-acre facility will grow niche vegetable items, such as cherry tomatoes, all year round. The bonds are being issued for the purpose of property tax abatement.
RLF a Part of HI's Plan to Double Food Production by 2020
The state has bought land on all of Hawaii's islands to lease out to farmers, is building and enhancing slaughterhouses and is working to attract large producers. Among the incentives: a low-interest revolving loan fund, a feed subsidy for livestock farmers and state grants to help livestock producers reestablish and expand their herds.
How Seed Funding Is Helping Americans Invest in Rural Innovation
Impactful investing that works for both the investor and the business requires extra effort and collaboration across all vested parties. CEI brought their experience, research, and connections together to the Natural Resource Business Seed Capital Fund that has served as a great example for the industry, rural Maine, and investors.
IL Craft Brewery & Distillery Received $650K in Renovation Funds from TIF
The building, which will have pieces of Collinsville history sprinkled throughout, has received a $2.8 million makeover from top to bottom. About $650,000 of renovation funds came from tax increment financing. The final bill for the project has not been tallied, but Whitney Reiser said the projection looks to be on target.
Co-Packer to Build New $5.1M Manufacturing Facility in PA
Tram Bar received a funding proposal from the Department of Community and Economic Development for a $75,000 Pennsylvania First Grant, $90,000 in Job Creation Tax Credits to be distributed upon the creation of new jobs, and $11,700 in WEDnetPA funding to support worker training.
$34M Food & Beverage Incubator Opens in East Garfield Park
A $34 million food and beverage incubator known as "The Hatchery" — with shared kitchens, storage and office space for roughly 100 start-ups — recently opened on what once was a vacant lot at Lake and Kedzie, near the Kedzie station on the CTA's Green Line.