Fresh Grocer will open a new store this Friday at Progress Plaza on Broad Street in North Philadelphia.

The private Drexel Hill, Pa., company opened another store on Chew Avenue in Northwest Philadelphia four months ago. With the addition of the one on Broad, the company now has 10 stores and the two combined created more than 500 jobs.

The new store will total 46,000 square feet and be on Broad between Oxford and Jefferson streets near Temple University. The last grocery store to operate in Progress Plaza closed in the 1990s. The Fresh Grocer at Progress Plaza was financed in part by federal, state and city funding, including Pennsylvania’s Fresh Food Financing Initiative, a community revitalization program that increases the number of supermarkets in underserved communities across the state.

PIDC was proud to assist in the financing of the Fresh Grocer at Progress Plaza.

The Philadelphia Industrial Development Corporation (PIDC), is a private, not-for-profit corporation created in 1958 by the Greater Philadelphia Chamber of Commerce and the Commerce Department of the City of Philadelphia to promote economic development and job creation throughout the City.  PIDC provides financing programs and real estate products to business and developer client groups in all neighborhoods of Philadelphia.

For further information on PIDC contact Peter S. Longstreth, President, Philadelphia Industrial Development Corporation, 2600 Centre Square West, 1500 Market St., Philadelphia, PA 19102-2126, phone (215) 496-8181.