ACE | Access to Capital for Entrepreneurs is pleased to partner with Invest Atlanta to work on the Atlanta Food Access Investment Initiative funded through America’s Healthy Food Financing Initiative (HFFI). Mayor Andre Dickens today announced that Atlanta is one of 16 public-private partnerships selected across the country to receive funds from HFFI. Together, Invest Atlanta and ACE will conduct research informing their approach to food access barriers and solutions, deliver tailored technical assistance programs to food enterprises, and make food enterprise-specific financial products such as loans and grants available.
“We are eager to work closely with Invest Atlanta to meet the credit enhancement deliverables of this innovative program. The intended outcomes of this program are deeply aligned with our priority program areas, existing resources, and established commitments to serving disinvested communities,” said Martina Edwards, Chief of Strategic Partnerships.
ACE will work with Invest Atlanta to develop and deploy food enterprise-specific loan products. ACE anticipates supporting at least $1,000,000 in loan capital, enabling strong and healthy growth of those businesses and the communities they serve.
Read full announcement HERE.