Aldi invests $13 million to open three stores in Michigan
Posted By: The Detroit News on February 20, 2025. For more information, please click here to read the source article.
Aldi announced Thursday that it has invested $13 million to open three of its discount grocery stores in Michigan.
Stores in Hillsdale and Rochester Hills are expected to open by the end of the year, following a location in Midland that opened in November.
The three stores were supported by a $12 million New Markets Tax Credit allocation from Michigan Community Capital. The federal subsidy tool administered by the U.S. Department of Treasury is designed to attract capital to projects that benefit low- and moderate-income households and communities.
“We are thrilled that ALDI continues to invest in Michigan,” Eric Hanna, president and CEO at Michigan Community Capital, said in a statement Thursday. “At a time when groceries are expensive, ALDI uses its skills in supply chain management and store efficiency to deliver affordable and healthy food where it’s most needed.”
The standalone stores will feature sections for fresh meat and seafood, organic produce and pantry essentials. About 30% of each store’s floor space will feature fresh food, officials said. Each store sits within an “Area of Greater Economic Distress” as defined by the Community Development Financial Institution Fund.
Last year, Aldi said it had plans to add 800 stores across the United States as part of a five-year expansion strategy aimed at cost-conscious Americans, with 330 stores planned in the Northeast and Midwest by the end of 2028.
The company, based in Batavia, Ill., just west of Chicago, said it would invest more than $9 billion into its national expansion.
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