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Colorado Launches its Fresh Food Financing Fund

Seeded with a $7.1 million investment from the Colorado Health Foundation, the Colorado Fresh Food Financing Fund (CO4F) will enable food retailers to provide fresh, healthy food in underserved Colorado communities. A public-private partnership fund, CO4F will make financing available for grocers that offer affordable and nutritious foods in areas where such goods are scarce.

Modeled after successful, national programs and aligned with the federal Healthy Food Financing Initiative, CO4F is designed to:

  • Improve retail access to fresh and healthy foods in Colorado
  • Encourage economic development in low- to moderate-income neighborhoods
  • Provide attainable financing to food retail outlets that will promote better food access
  • Partner with local governments when possible to enhance benefits and successes 
  • Develop a Colorado model based upon national best practices

 

The statewide fund is the first of its kind in Colorado and was developed in response to recommendations from the Denver Food Access Task Force. CO4F aims to remove financial barriers from the construction, expansion, and renovation of grocery stores in underserved areas. For more information go to Colorado Fresh Food Financing Fund.

 

Colorado Enterprise Fund

The Colorado Enterprise Fund (CEF) is a partner in The Colorado Fresh Food Financing Fund (CO4F) and is using its HFFI grant to finance food production, small grocery retail, and innovative healthy food businesses, including farmers markets, bodegas, food carts, and produce stands. Expert small business lenders, CEF provides loans for equipment purchases, energy efficiency improvements, and leasehold improvements. CEF lends to all segments of the food system to foster healthy food access and economic development. You can find more information about the CEF here.

Source of money: HFFI CED Program

 

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