IDA approved $8.6 million in real estate and tax benefits for the first two supermarkets under the recently-created FRESH program. On February 9, 2010, the New York City Industrial Development Agency, a component of the City’s Economic Development Corporation, approved tax incentive packages to assist in the development of two new Bronx supermarkets. The financial incentives are the first awarded under the City’s Fresh Retail Expansion to Support Health (FRESH) program approved by … <Read More>
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Grocery store zoning incentives debated
FRESH program would create incentives to encourage developing full-line grocery stores in underserved neighborhoods. On October 26, 2009, the City Council’s Zoning & Franchises Subcommittee heard testimony on the City’s proposed Food Retail Expansion to Support Health (FRESH) program. The program would provide zoning and financial incentives to encourage grocerystores in neighborhoods identified in a 2008 study as being underserved by stores offering a full range of fresh food. These neighborhoods are located primarily … <Read More>