New Markets Tax Credit Coalition

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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

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