BRONX, NY – Recently, New York City Economic Development Corporation (NYCEDC), Bogopa Food Bazaar, Council Member Vanessa Gibson and community stakeholders celebrated the grand opening of a new Food Bazaar supermarket location, in Concourse, the Bronx. The new supermarket will create approximately 200 jobs available to local residents, and provide the community with fresh fruits, vegetables, meats, fish and other international food products.
The project includes a complete rehabilitation and fit-out of an 80,000 square foot space in the Bronx Terminal Market, a site formerly occupied by Toys-R-Us before the company went out of business. The project was made possible by the City’s FRESH Program, which brings healthy and affordable food options to communities by lowering the costs of owning, leasing, developing, and renovating supermarket retail space, and the City’s New Markets Tax Credit (NMTC) program, which provides low-interest construction loans for projects in low-income communities
Bogopa is an immigrant-owned business, founded by Francis An in 1988. Today, Bogopa has grown to operate more than 16 Food Bazaar supermarkets in low-income communities across New York City. Bogopa employs approximately 2,500 workers in NYC who receive employee benefits through the United Food and Commercial Workers (UFCW). Through the City’s FRESH Program, Bogopa Food Bazaar created its food retail service in an underserved borough near multiple NYCHA developments in an effort to make quality foods accessible to residents.
“The new Bogopa Food Bazaar Supermarket is a great start to strengthening the community by providing employment for the local residents and creating healthy food options in the Bronx, said NYCEDC Managing Director Eric Clement. “This supermarket is providing the residents with opportunities that can improve the quality of life in their community.”
“Food Bazaar Supermarket at the Bronx Terminal Market represents an exciting new venture as our fifth location in the Bronx and the largest supermarket in the borough,” said Spencer An, President of Bogopa Service Corp./Food Bazaar Supermarket. “In addition to a first-class shopping experience, the store will soon feature Boogie Down Food Hall, consisting of more than a dozen vendors that will showcase eclectic foods from the Bronx and the outer boroughs. The food hall will serve as a venue for people to gather and enjoy great food in a dynamic atmosphere. We are really excited to provide the community with this beautiful store and look forward to serving the surrounding neighborhoods for many more years to come.”
“Bronx Terminal Market is committed to serving the needs of the local community and we are thrilled to finally welcome Food Bazaar Supermarket to the neighborhood,” said Avi Kollenscher, Senior Vice President at Related Companies. “This new opening further expands the offerings of the vibrant shopping and lifestyle destination as we continue to provide essential resources to, and dynamic programming for, the greater Bronx area.”
Since launching in 2009, 24 projects have been approved for FRESH tax incentives across five boroughs. 19 projects have completed construction and are open to the public. These supermarkets represent over 780,000 square feet of new or renovated space, creating over 1,200 new jobs, retaining more than 600 jobs, and an investment of $140 million into New York City’s economy.
The New Markets Tax Credit (NMTC) program was created in 2014 and has since provided low-interest and flexible loans to seven projects in New York City, including healthcare facilities, community facilities, industrial job centers and supermarkets.