Introduced House Bill (H)

Authored by

DIGEST

Small business and grocer investment program. Establishes the small business and grocer investment fund (fund) and healthy food access program (program) under the administration of the Indiana economic development corporation (IEDC) to provide funding in the form of grants or loans to food retailers that increase local access to fresh fruits, vegetables, or other healthy foods in underserved communities. Defines an "underserved community" as a geographic area located in Indiana in which there is a lack of local access to healthy food retailers. Provides that the IEDC may contract with one or more nonprofit organizations or community development financial institutions Small business and grocer investment program. Establishes the small business and grocer investment fund (fund) and healthy food access program (program) under the administration of the Indiana economic development corporation (IEDC) to provide funding in the form of grants or loans to food retailers that increase local access to fresh fruits, vegetables, or other healthy foods in underserved communities. Defines an "underserved community" as a geographic area located in Indiana in which there is a lack of local access to healthy food retailers. Provides that the IEDC may contract with one or more nonprofit organizations or community development financial institutions to carry out the duties of the corporation. Provides that a grant or loan awarded to an applicant under the program must be made subject to the following conditions: (1) The applicant must be obligated to sell fresh fruits, vegetables, or other healthy foods in underserved communities. (2) If a loan is made, the applicant must be obligated to repay the loan. Appropriates money in the fund. ... View more