Reinvestment Fund Project Profile: The Fresh Grocer at Progress Plaza

submitted by New Markets Tax Credit Coalition on 06/14/17 1

In 2009, TRF financed a new Fresh Grocer supermarket in North Philadelphia's Progress Plaza. The store increased access to fresh food in a low-income community that had been without a supermarket for more than a decade. The new 46,000 square foot, full-service supermarket brings affordable healthy food choices to the community, as well as 272 jobs. To date, 80% of the supermarket's full-time jobs have been filled by residents from the surrounding neighborhood. The supermarket has several green features, including efficient refrigeration systems that boast a 40% reduction in energy consumption over comparable systems. The supermarket also has an energy management system that continually monitors power consumption in every device and automatically adjusts systems to minimize energy consumption based on daylight, temperature and shopping traffic.

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