Indy Fresh Market Could Bring $11M Boost to Neighborhood Economy – WISH-TV | Indianapolis News | Indiana Weather

Indianapolis (Wish) — The area around 38th Street and Sheridan Avenue is expected to receive a multi-million dollar economic boost thanks to a grocery store under construction.

This is part of a broader plan to revitalize areas on the city’s eastern and northeastern borders.

the owner of Indy Fresh Market The nearest grocery store is about three miles away, and shoppers say it’s inaccessible by bus route. That’s why they say they’re looking forward to the opening of the grocery store’s doors. Not only will it ease the burden of living in the desert for food, but it will also provide a much-needed economic boost.

Having a vision is one thing. Seeing it come to life is another.

“We are excited about the changes we are bringing to the community and can’t wait to see dreams come true,” said Michael McFarland, Co-Owner of Indy Fresh Market.

The new Indy Fresh Market is just a frame, but in the end it’s much more than that. “Sometimes old communities are revisited when we see progress,” McFarland said.

Marcus Williams is another co-owner. Both men grew up in the community and have seen it change along with years of cutbacks in investment.

“It was a desert here.

The market will be an extension of the community revitalization plan implemented by Cook Medical in partnership with Goodwill Commercial Services. As the walls climbed, analysts assessed the economic benefits of this site alone. Tom Guevara of the IU Public Policy Institute told News 8:

The IU Public Policy Institute estimates the initial economic impact at $11 million, with an additional $4.6 million each year through wages, benefits and neighborhood spending.

“Now every time you spend a dollar in the community, it happens. It’s money that goes into someone else’s or another business’s pocket,” Guevara said.

This venture is a first for McFarland and Williams, but one they are proud of. Co-owner Williams said: Feed Indy’ Place a grocery store in every food desert around the Indianapolis urban area. ”

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