The Obama Administration recently released details about a $400 million Healthy Food Financing Initiative investment from the U.S. Department of Agriculture, U.S. Department of Health and Human Services, and U.S. Department of the Treasury. The investment includes $250 million in New Markets Tax Credit allocations.
The initiative was announced late last week in Philadelphia by Treasury Secretary Tim Geithner and Agriculture Secretary Tom Vilsack. The two cabinet members appeared with First Lady Michelle Obama, who recently launched the Let's Move! campaign to solve the epidemic of childhood obesity within a generation.
For more information about this work, click here.
To view the White House release, click here.