Word: supermarket
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Dates: during 2000-2009
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What's the point of all this pretty, community-printed currency? Money spent at locally owned companies tends to create more business for local suppliers, accountants, etc. The New Economics Foundation (NEF), a London think tank, compared the effects of purchasing produce at a supermarket and at a farmer's market and found that twice the money stayed in a community when folks bought locally. A study of Grand Rapids, Mich., released last fall by consulting firm Civic Economics, concluded that a 10% shift in market share from chain stores to independents would yield 1,600 new jobs and pump...
...most basic level, when you buy local more money stays in the community. The New Economics Foundation, an independent economic think tank based in London, compared what happens when people buy produce at a supermarket vs. a local farmer's market or community supported agriculture (CSA) program and found that twice the money stayed in the community when folks bought locally. "That means those purchases are twice as efficient in terms of keeping the local economy alive," says author and NEF researcher David Boyle. (See the top 10 food trends...
...years, major supermarket chains have been criticized for abandoning densely populated, largely black and Latino communities in cities like Detroit, Los Angeles, Memphis and Newark, N.J. - contributing to what many experts call food deserts. Many of these communities are, quite literally, starving for broader and healthier food options beyond the seemingly ubiquitous fast-food chains and corner stores selling barely a handful of fruits and vegetables - at relatively high prices. (Watch TIME's video "Urban Deserts: Fresh Food-Free...
...black professionals. At the same time, he observed that many Latinos tend to have large families and buy fresh fruits and vegetables more frequently than blacks and the general population. So he settled on a vast, 35,000-sq.-ft. building that had been abandoned by a national supermarket chain about 15 years ago. It's in a largely Mexican-American neighborhood known as Back of the Yards. Just to the east lie Bronzeville and Hyde Park. (See 10 things to do in Chicago...
Experts across the country are exploring a range of potential solutions to the urban health crisis, including creating neighborhood gardens and courting chains like Aldi, Family Dollar and even Wal-Mart to fill the void created by food deserts. But the supermarket industry suffers from especially tight profit margins and is thus particularly risk-averse, so supermarkets' entry into low-income neighborhoods has been slow. Furthermore, many low-end chains are hardly bastions of fresh, healthy produce and meat. (Read a story about Aldi, a grocer for the recession...