Industry & Financing Partners Gather to Launch New York Healthy Food Fund

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More than 100 people attended the launch event for the New York Health Food & Healthy Communities Fund on October 21. Goldman Sachs Chairman and CEO Lloyd E. Blankfein welcomed attendees to the event held at the Goldman Sachs offices in New York City. Goldman Sachs has committed $40 million to support the statewide initiative of which $20 million is currently available through the fund. Dennis Mullen, Chairman and CEO of Empire State Development (ESD), and Matt Morgan, Deputy Commissioner of the New York State Department of Agriculture & Markets, also spoke at the event. ESD provided the initial $10 million to seed the fund.

LIIF is now accepting applications for the $30 million fund which supports the development of healthy food markets in underserved communities. LIIF is partnering with The Reinvestment Fund and The Food Trust to administer the program, and the New York State Health Foundation provided a grant to support technical assistance and program administration for the fund. The New York Healthy Food & Healthy Communities Fund is part of New York Governor David A. Paterson‘s statewide initiative to promote economic development, fight childhood obesity and build healthy communities.