WASHINGTON (FNS) -- Supermarket operators have found a new partner to help them open stores in inner-city neighborhoods. That partner is The Retail Initiative, the first corporate investment fund to provide capital to build inner-city grocery stores. At the center of the project are 10 institutional investors that will provide $24 million to help fund the development of between 12 and 14 inner-city supermarkets in the next two to three years, according to officials from the Local ...
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