While there are some resources available on a state and local level for new development that can be used to finance the creation of new supermarkets, many are available only for certain types of development, or for development in certain areas – historical buildings, for example – and, as a result, these financing sources do not meet the needs of developers in all places in need of grocery stores. Even when developers are able to secure the financing they need to open a new store, moving into an underserved neighborhood can be a risky and expensive undertaking. Providing developers with incentives can help to offset these negatives and make development more appealing.
17.a The Massachusetts Office of Business Development should develop an “Urban Supermarket Initiative”