FUND AIDS INNER-CITY STORE ROLLOUTS

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

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 Lo

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