WEBVTT

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>> You know, these are

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communities, predominantly

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black communities that have

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seen opportunity leave over

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the last 40 years, how can we

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be part of the solution, what

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can we do different Lee?

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>> Back at 16 Tech now where

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work is continuing on a new

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residential complex at the

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Innovation District, you just

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heard from an Indiana business

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answering the bell to lift

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forgotten committees. Cook

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Medical President Pete Yonkman

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on the Business and Beyond

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podcast talking about the

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company's decision to invest

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in an inner-city Indianapolis

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neighborhood where jobs and

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fresh food were once hard to

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come by. Medical device makers

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typically aren't in the

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business of building grocery

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stores, there is a unique

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project that is just completed

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on the near northeast side of

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Indianapolis. Let's go to

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Business of Health Reporter

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Kylie Veleta now at 38th and

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Sherman with more on the

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story, Caileigh?

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>> Thanks Gerry, Bloomington

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based Cook Medical wanted to

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breathe new life into this

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neighborhood, so the company

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did something is never done

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before, it built its newest

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manufacturer and operations

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facility right here behind me

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in a struggling neighborhood.

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While the residents soon told

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Cook they were just hungry for

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good jobs but also for healthy

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food so Cook built a grocery

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store. Indy Fresh Market is

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now open. Part of the Cook

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legacy in Indiana is its

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philosophy that "You can do

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good business and also do

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good", and for this

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predominantly black

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neighborhood on India's north

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east side, that comes in the

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form of a grocery store and

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what was previously a food

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desert.

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>> For our area, since it's

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been overlooked for so long,

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it's showing yes we can do

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some positive things within

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our backyard.

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>> It was a bold move for Cook

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to build a manufacturing

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facility in the neighborhood

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which face some of the highest

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levels of unemployment and

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poverty in the state. And now,

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just steps away the Indy Fresh

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Market is open. Donated the

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land and build the structure

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after neighbors voice their

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need for a place to buy

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groceries.

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>> He gives them the

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opportunity to eat, feed their

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children, the children can

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eat, the children can work,

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we've got employment for the

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high school children. It's

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just a great moment for the

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community.

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>> A key part of the project

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is that Cook will gradually

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transfer ownership of the

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grocery store to Marcus

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Williams and Michael

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McFarland, who previously ran

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a small corner convenience

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store nearby.

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>> It's like going from the

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minor leagues to the major

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leagues, Junior varsity to

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varsity, it's a big step. A

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lot of learning curves, a lot

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of blood sweat and tears, you

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know?

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>> The local entrepreneurs

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will learn the ins and outs of

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running a full-service grocery

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store as comanagers and Cook

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will make them co-owners in a

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few years.

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>> If we put up the upfront

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capital, how can that help

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with generational wealth? And

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that's exactly what this store

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is going to do.

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>> Cook is hopeful this fresh

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idea to lift up a community by

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partnering with locals will be

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a model as other Corporations

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consider how to impact the

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neighborhoods where they do

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business.

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>> It's just so amazing, and

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my mind right now is like how

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do we keep this going

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long-term?

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>> And part of Cook's vision

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for this project is that it

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would have a snowball effect

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in the neighborhood and that

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is certainly happening. Right

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next door to the grocery

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store, construction is

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underway in a new Eskenazi