Hochul Unveils $45 Million Bronx Food Hub
Deal News | Jun 17, 2025 | New York Ventures Inc
The article announces the completion of a $45 million Regional Food Hub in Hunts Point, Bronx, New York. This facility aims to improve access to healthy foods for underserved populations in the region. The initiative, supported by New York Ventures Inc. and celebrated by Governor Kathy Hochul, signifies a milestone in enhancing food distribution infrastructure within the state. The Hunts Point-based facility is described as the first of its kind, focusing on ensuring that nutritious food is more readily available to communities that need it most. The food hub is expected to play a critical role in addressing food insecurity and supporting local agriculture by shortening the supply chain between producers and consumers.
Sectors
- Food Distribution
- Infrastructure
Geography
- United States – The article is focused on a development in New York, within the United States.
- New York – The new Regional Food Hub is located in the Bronx, New York, making this the central geographic focus of the article.
Industry
- Food Distribution – The article discusses a new food hub designed to improve food distribution efficiency and access to healthy food in underserved areas.
- Infrastructure – The article covers the development of new infrastructure in the Bronx, aiming to enhance food distribution networks.
Financials
- $45 Million – The total investment in the development of the Regional Food Hub in the Bronx.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| New York Ventures Inc. | Investor | Company | A private equity firm involved in financing the Regional Food Hub project. |
| Governor Kathy Hochul | Government | Person | As the Governor of New York, Kathy Hochul celebrated the completion of the food hub. |
| The Bronx Regional Food Hub | Target | Company | A new facility designed to improve food distribution in the Bronx, New York. |