Sunflower Development Group secured $7 million in NMTCs to close a financing gap in a 14,000sqft grocery store located in Kansas City, KS.
As part of the Healthy Campus Initiative, the Unified Government of Wyandotte County (UG) has been working with local stakeholders to determine a suitable location and operator to build a grocery store in downtown Kansas City, KS since 2011. The location is in a federally designated “food desert” meaning residents lack access to healthy and fresh foods. On July 25th, 2019 that initiative has become a reality and will take the next step to begin construction of the 14,000sqft “The Merc Co+Op” grocery store in August 2019.
The NMTCs help to offset the high cost of construction and included a $70,000 charitable donation to The Merc Co+Op to pay for an Education Coordinator, $15,000 for Merc membership dues for clients on governmental food assistance (SNAP/WIC) and $5,000 to pay for scholarships for The Merc Co+Op’s culinary and heathy food education classes for low income residents in the new building’s test kitchen. The store will also provide a community classroom to hold local public meetings and other educational events.