April 20, 2023
Stories this photo appears in:
YELLOW BANANA CLOSES $26.5 MILLION TRANSFORMATIVE INVESTMENT IN SIX GROCERY STORES ON CHICAGO’S SOUTH AND WEST SIDES
Project will expand local access to quality, affordable, healthy food options for deserving Chicago residents as other food retailers depart from the City
Yellow Banana, the owner and operator of eight Save A Lot locations in the Chicagoland area, today announced the March 31, 2023 closing of a $26.5 million investment into grocery stores on the South and West Sides of Chicago. This transaction marks the next step in Yellow Banana’s ongoing commitment to underserved communities throughout the City of Chicago and the U.S. The investment combines a $13.5 million Community Development Grant that the City previously awarded to Yellow Banana in July 2022 with New Markets Tax Credits, third-party financing and funding from Yellow Banana.