The New Hanover Community Endowment announced a $6.8 million investment in the Northside Food Cooperative, a startup grocery store, on Wednesday.
The Northside Food Cooperative serves Wilmington's Northside neighborhood, a long-standing food desert at 10th and Post Streets. The Food Cooperative applied for the investment as a part of the endowment's 2023 grant cycle but was not included in the $53 million funding round. This latest investment comes two months after the NHCE’s funding release in December. NHCE officials stated the application needed additional research before investment.
“This is the first step toward eradicating a 35-year-old food desert on Wilmington’s Northside,” Bill Cameron, chairman of the NHCE board, stated in Wednesday’s release. “We’re excited to invest in grassroots solutions like the Northside Food Cooperative and look forward to partnering with them and New Hanover County to bring a grocery store to the community.”
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