Loading chat...
IN HB1256
Bill
Status
1/13/2015
Primary Sponsor
Robin Shackleford
Click for details
AI Summary
-
Establishes the small business and grocer investment fund administered by the Indiana Economic Development Corporation to provide grants or loans to food retailers increasing access to fresh produce in underserved Indiana communities.
-
Defines "underserved community" as a geographic area in Indiana lacking local access to healthy food retailers, including supermarkets, grocery stores, and farmer's markets.
-
IEDC may contract with nonprofit organizations or community development financial institutions to carry out program duties.
-
Grant or loan recipients must sell fresh fruits, vegetables, or other healthy foods in natural or frozen form in underserved communities, and loan recipients must repay borrowed funds under corporation-determined terms.
-
Fund may support new construction, store renovations, farmer's markets, mobile markets, workforce training, equipment, site acquisition, and other projects that improve access to healthy food retailers, with money not reverting to general fund at fiscal year end.
Legislative Description
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
Last Action
Representatives Moed and Macer added as coauthor
1/29/2015