Last Modified: Friday, August 03, 2012 11:28 AM
NEW ORLEANS (AP) — A landmark New Orleans food store that hasn't re-opened since Hurricane Katrina hit nearly seven years ago is getting financial help as it works to make a comeback.
New Orleans officials announced Thursday that the Circle Food Store will receive a $1 million loan from the city's Fresh Food Retailer Initiative, a program started last year to expand access to healthy, affordable food in low-income areas.
The initiative is funded through federal grant money and by the nonprofit Hope Enterprise Corporation.
Half the loan will be forgivable, according to a news release from Mayor Mitch Landrieu's office.
Also, the store is to receive a $100,000 city grant.
Landrieu's statement said the store was first incorporated in 1938 and was the city's first store operated and owned by African-Americans.