Newark, hosts Whole Foods Market, Inc. (NASDAQ:WFM), the newest supermarket in New Jersey’s largest city. Whole Foods opened a new outlet at the renovated Hahne’s building. The news is just fascinating as instead of the more developed urban, they chose the state’s up-scale suburbs.
Reincarnation of Newark
Hahne’s building had been closed for 30 dormant years and only re-opened last month. Whole Foods plays the great role of supporting the renovated Hahne’s building. Ras Baraka the Democratic Mayor, reported that what the city requires is market. The notable growth in Newark is a good example as it sets pace for the others interested in investing in the city.
Benefits to the city
The company made a commitment to offer its support to the city. More than 150 people will be employed in the store. It also vowed to provision of top notch quality food and a vast range of healthy eating choices. The heroic move by the company is expected to encourage more investors and also promote tourism. These factors will enhance the economic growth in Newark.
City residents gives Whole Foods a warm welcome
The city was very excited to have Whole Foods in its neighborhood. The colorful opening ceremony constituted sampling, sales at discounts amongst many other activities. The long anticipated event was commenced by breaking of bread followed by remarks from the company executives and the city mayor.
The driving force
The need to value and serve the community took Whole Foods to Newark. It is the company’s policy to provide healthy and fresh food to the society non-discriminating. When the opportunity in Newark arose, the company gladly grabbed it. The new store is the third location in Essex County. It falls in the 17th position in terms of location in New Jersey.
Whole Foods hopes to enhance access to healthy and fresh foods in Newark. It invited local vendors to bid for Whole Cities Foundation’s Fresh, Healthy Food Access Grant. The application was driven by the need to enhance the local food system as well as encourage the self-determination and support self- sufficiency motive in the community. After review of the applications, 11 firms based in Newark were awarded grants ranging between $5,000 and $15,000.
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