It's rare you can read thrillingly good news that
includes "bankers," "developers," and "Hurricane Katrina" in the same
sentence, but Circle Food Store's reopening this month has it all, plus
four bell peppers for a dollar. This beloved, one-stop shop in New
Orleans' Seventh Ward (the first African-American-owned grocery store in
the city) was for years the place residents could buy everything from
fresh produce to school uniforms--and even pay utility bills and get a
doctor's checkup, too. The beloved store, shuttered after Katrina, was
named for the spot where streetcars turned around.
It's
taken eight long years to get financing and rebuild after Katrina, but
Circle Food Store owner Dwayne Boudreaux has pulled it off, with a
unique combination of private and public investment. An added bonus:
Hope Enterprise Corp., the nonprofit community development corporation
involved in Circle's renaissance, plans to open a branch there to offer
responsible banking and loan services. As nola.com reports, since
traditional big banks have steered clear of the neighborhood, predatory
and payday lenders have swooped in. Here's hoping Circle shoppers will
soon have a chance to pick up some economic justice with those Circle
Foods-branded hot sauces and coffee. h/t NextCity.org
--B.B.
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