Elyse Cherry, BlueHub Capital’s CEO, said in a statement that BlueHub wants to support the Food Bank because the Food Bank’s budgets and operations were challenged by the pandemic.
Atlanta Community Food Bank estimates more than half of the people it serves are working families that earn too much to qualify for Supplemental Nutrition Assistance Program (SNAP) benefits, but not enough to meet their basic needs with rising healthcare, housing and food costs.
Kyle Waide, the Food Bank’s president and CEO, said in a statement that their organization’s food distribution rate is up 65% during the pandemic. He said they spent $20 million on food last year.
“This investment has helped us not only offset expenses but really restore working capital so we can continue to be aggressive in responding to food insecurity in our community,” Waide said in a statement.