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Fund pushed as way to eliminate Detroit 'food deserts'.(News)
Crain's Detroit Business, July, 2007
Byline: Sherri Begin A new financing fund in the works could bring fresh food to areas of Detroit that are starved for it. LaSalle Bank Midwest has committed $15,000 to the Detroit Economic Growth Corp. to study how a fund could help establish more grocers and fresh-food outlets in neighborhoods where convenience-store fare makes up the bulk of residents' diets.
The fund won't be used to attract major grocery chains because they can finance their own new stores, said Rob Grossinger, senior vice president of community and sustainable development at LaSalle. "First and foremost, the goal is to get healthy food to the people who need it,'' Grossinger said. But bringing more grocers into high-need areas of Detroit has secondary benefits, as well. "It...
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