VCC Facilitates Healthy Food Enterprises Throughout Virginia
Virginia Community Capital has successfully raised and self-funded $10 million to capitalize the Virginia Fresh Food Loan Fund, a milestone in VCC's Clinton Global Initiative America commitment to facilitate healthy food enterprises in urban and rural communities throughout Virginia. The fund offers small businesses technical assistance and lending opportunities to encourage the sale of market healthy items and foster the expansion of food hubs in rural communities. VCC has already deployed $600,000 from the fund to projects increasing access to healthy foods. “According to the USDA Food Atlas, 17% of Virginia residents lack access to healthy, local, and fresh foods. The [fund] is designed to help these residents have access to these foods,” said Jane Henderson, President/CEO of VCC and CDBA Chair.