For the past 30 years, Tremont West Development Corporation (TWDC), a nonprofit organization, had worked with a variety of residents, business owners, and community partners, serving the Tremont neighborhood in the City of Cleveland. This CDC serves through community building, neighborhood infrastructure improving, home maintenance and repair, and event planning and management.
TWDC is using HFFI financing to help establish a 12,600 square foot grocery store in the central Tremont neighborhood of Cleveland, Ohio, a designated food desert. TWDC will provide a low-interest loan to Constantino’s Market, a family-owned and operated grocery business, for build-out and start-up costs. The project will create 30 new full-time, full-year grocery jobs.
- Establish a new grocery store in Cleveland, Ohio
- Provide a loan to Constantino’s Market for build-out and start-up costs
- Create (30) new full-time, full-year jobs
Source of money: HFFI CED Program; Fiscal year(s): 2015