Fare & Square is the first supermarket to open in Chester, PA, a food desert, in 12 Years. It is also the nation's first non-profit supermarket.
Operated by Philabundance, the Delaware Valley's largest nonprofit hunger-relief organization, the Fare & Square grocery store will bring approximately 14,000 square feet of food retail space to Chester.
TRF's financing of the Fare & Square project is the culmination of numerous attempts to attract healthy food retailers to this severely distressed area.
TRF also partnered with Nonprofit Finance Fund to provide New Markets Tax Credit (NMTC) financing to support this project. The NMTC financing helped Philabundance acquire and renovate the grocery store property. The project has also attracted considerable support through a range of philanthropic and private institutions including the Robert Wood Johnson Foundation, the Rockefeller Foundation, Sunoco and Wawa.