The bill establishes a Grocer Reinvestment Program and a Local Produce Processing Grant Program under the oversight of the economic development authority in Iowa. The Grocer Reinvestment Program aims to provide financial assistance in the form of grants to eligible grocery stores for various projects, including capital improvements, utility upgrades, and technology enhancements. To qualify for assistance, grocery stores must meet specific criteria, such as being organized as a recognized business entity and demonstrating a plan for sustainability. Additionally, the program prioritizes stores that accept federal nutrition assistance and contribute to local job creation.

Furthermore, the bill creates a Grocer Reinvestment and Local Food Processing Fund, which will be funded by appropriations from the general assembly and other sources. A portion of the fund will be allocated to the Local Produce Processing Grant Program, which supports Iowa-based entities in increasing the availability and efficiency of local produce processing. The bill also modifies existing laws to include grocery stores in the local food and farm program's objectives, emphasizing the importance of grocery stores in promoting local food economies and job growth.

Statutes affected:
Introduced: 15.413, 267A.1, 267A.2
Reprinted: 15.413, 267A.1, 267A.2