Ovenly

$600,000 working capital for bakery based in Brooklyn, NY with a focus on quality job creation and providing jobs to formerly incarcerated people.

Investment

  • NMTC Amount: $600,000
  • Total Project Cost: $600,000

IMPACT

  • 5 FTE jobs

Investor

Project Description

Ovenly: Provided $600,000 working capital for bakery based in Brooklyn, NY with a focus on quality job creation and providing jobs to formerly incarcerated people. Ovenly has hired a third of its employees through GOSO and other workforce organizations such as the Ansob Center and Seedco. The bakery’s staff now includes people who have survived gang involvement, domestic violence and political or religious persecution in their countries of origin, and workers come from places as far-flung as Sudan, Guatemala and the Bronx.

MAP

Address: 31 Greenpoint Avenue, Brooklyn, NY 11222

Census Tract: 36047056500

Other New York Projects

A new Salina, New York based firm (near Syracuse, NY) that used NMTC financing to purchase the world's largest plastic blow-molding machine that is being used to produce exceptionally strong,

Renovation of a vacant retail grocery store into Food Bazaar grocery store. The facility will be tailored to the health and nutritional needs of the ethnically diverse neighborhood.

Construction of a 172,000 sq. ft. building that includes a 24,000 sq. ft. community center with an indoor pool financed through NMTC program, and a 148,000 sq. ft. public school.
Renovation of a former high school facility into a 24,000 sq. ft. state-of-the-art community center/K-12 school