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NYC mayor Mamdani announces discounted city-owned grocery stores

Private operators would run the stores under city pricing rules, and officials say the plan could save the average household about $90 a month.

  • New York City Mayor Zohran Mamdani announced a $55 million taxpayer-funded supermarket initiative on Monday, promising 30% discounts on core staples like produce and meat to help families save roughly $1,000 annually.
  • To steer the rollout, Mamdani appointed veteran civil servant Anthony Shorris as Economic Development Corporation chief executive, with former Federal Trade Commission chair Lina Khan leading the agency's board.
  • During an EDC board meeting on Thursday, interim chief executive Jeanny Pak acknowledged that the planned supermarkets 'might not have all the items' found in conventional stores, including butchers and hot food counters.
  • EDC board member Adam Friedman questioned the project's impact on local retailers, asking 'What effort has been made to help other stores in general?' amid concerns about sustaining lower prices without ongoing subsidy.
  • The first city-owned store is slated to open in the Bronx by the end of 2027, with a second location in Manhattan scheduled for a 2029 opening as officials finalize operator requests.
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The mayor of New York, Zohran Mamdani, presented Monday his plan to open a network of publicly owned supermarkets as a way to compensate for the increase in the price of food in one of the most expensive cities in the United States.Continue reading...

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IBTimes UK broke the news in United Kingdom on Saturday, July 25, 2026.
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