Virginia Fresh Food Loan Fund Secures First Deal

Virginia Community Capital
Tuesday, April 8, 2014

Virginia Community Capital has deployed a new loan to Glade Green Grocer, a whole foods retailer and food cooperative located in Glade Spring, Virginia. The new store will provide retail shelf space, marketing and commercial canning for local growers throughout the year, responding to increased demand for fresh foods by consumers. This loan is the latest in Virginia Community Capital's comprehensive revitalization effort in Glade Spring, Virginia as well as the first loan deployed by their Virginia Fresh Food Loan Fund, a $10 million fund earmarked for addressing the unmet capital needs of healthy food enterprises throughout Virginia.