The eBay-owned micro-investment vehicle is coming to the United States, starting with California's Freshworks Fund. If you have a few bucks, you can make some money while eradicating food deserts. The investment market has a high barrier to entry.
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Feed SubscriptionBeyond Walmart: How The California FreshWorks Fund Aims To Feed The Food Deserts Of California
The new fund is helping supermarkets open in poor neighborhoods, funding farmer's markets in others, and even offering money for innovative food solutions that no one has thought of yet. Walmart recently announced a plan to bring hundreds of stores to fresh-food-starved "food deserts" across the U.S., but the just-announced California FreshWorks Fund has a more localized--though still ambitious--goal: to bring healthy food to underserved communities and to galvanize local economies in the process. We had the chance to talk to NCB Capital Impact, the national community development financial institution that's administering the fund, about who gets the cash and why
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