Access to affordable, quality food is critical to building strong neighborhoods. The Food Retail Expansion to Support Health (FRESH) program brings healthy and affordable food options to communities by lowering the costs of owning, leasing, developing, and renovating supermarket retail space.
Since launching in 2009, 28 projects have been approved for FRESH tax incentives across five boroughs. 22 projects have completed construction and are open to the public. These supermarkets represent over 700 thousand square feet of new or renovated space, creating over 1,000 new jobs, retaining more than 600 jobs, and an investment of $100 million into New York City’s economy. (Source: NYC/EDC)
(Read more to learn why this is a popular inclusion for new development projects.)