This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Circle Food Store Groundbreaking Cheered On By Enhanced Capital

NEW ORLEANS, Jan. 14, 2013 /PRNewswire/ -- The landmark Circle Food Store in New Orleans is celebrating the start of their grand redevelopment project with a groundbreaking ceremony at 11:00 am today. Among those cheering them on is Enhanced Capital Partners, who recently provided $1 million in tax credit financing to the historic 7 th Ward retailer to help the store rebuild from damage caused during Hurricane Katrina.

"The Circle Food Store is true a legacy in the 7 th Ward and the neighborhood hasn't been the same without it," said Richard Montgomery, Managing Director at Enhanced Capital.  "Bringing the store back will have lasting benefits through the creation of an estimated 75 jobs and the return of a much missed community meeting place."

Over the decades, the Circle Food Store had become a one-stop shop for the community, providing access to fresh food, banking services, medical and dental services, and even uniforms for local community schools. In the seven years since the store has been dormant, more than 50,000 people in the surrounding area have had no direct access to fresh groceries.

"This financing will allow Circle Food Store to once again reopen our doors to all the customers who rely on us," said Dwayne Boudreaux, Owner of the Circle Food Store.  "It's been a tough run over the past seven years, but this funding gives us everything we need to repair the building, restock our store, and replace all the equipment we lost."

About Enhanced Capital Partners Enhanced Capital Partners, Inc., headquartered in New York City, is a diversified private investment firm focused on established small and mid-sized companies overlooked by traditional sources of capital due to location or size.  Since 2000, Enhanced Capital has raised more than $600 million through a variety of state and federal public-private investment programs.  For more information, visit www.enhancedcapital.com.

This is intended for marketplace communication purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product or investment advisory services.  This is not an offering or the solicitation of an offer to purchase an interest in a fund.

Media Contact: Marissa Wolf on behalf of Enhanced Capital Marissa@WolfComPR.com(646) 820-3830

SOURCE Enhanced Capital Partners

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,265.99 +109.14 0.64%
S&P 500 2,011.36 +9.79 0.49%
NASDAQ 4,593.4250 +31.2360 0.68%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs