Oasis Fresh Market
Investment Location: Tulsa, Oklahoma
HRV Qualified Low Income Community Investment: $4,900,000





HRV’s participation in the project has allowed the project sponsor, the Tulsa Economic Development Corporation (TEDC), to negotiate a larger ownership interest for minority owners. The ownership team includes a minority investment group with a 76% ownership interest in the project. Minority subcontractors have been utilized to the fullest. Half of the design work was performed by a Native- and African-American owned design team.
The Oasis Fresh Market will create up to 21 new full-time equivalent positions, and the TEDC is creating a workforce development program that will train local youth as the next generation of community grocers. In addition, TEDC is developing a food “farmacy” in collaboration with local healthcare providers who will issue “food prescriptions” to residents of the surrounding low-income community in addition to traditional drug prescriptions.