MGCC Announces Support for Hearth Wood Fire Bread

PRESS RELEASE

            Massachusetts Growth Capital Corporation Announces Support for
Hearth Wood Fired Bread, Inc.    

MGCC provides working capital and management assistance for small businesses to create and retain jobs in Massachusetts

Plymouth, MA November 14, 2011 – The Massachusetts Growth Capital Corporation (MGCC) announced today a loan for Hearth Wood Fired Bread, Inc. of Plymouth.

“The Nybergs have done it all right - they’ve gained solid experience, chosen and perfected a unique, healthy, delicious bread product and achieved careful increasing sales, all in preparation for solid growth. MGCC is pleased to join in the support of this company with a $150,000 term loan.” Charles T. Grigsby, MGCC President.   

Hearth Wood Fired Bread is a niche commercial and wholesale artisan bakery company that makes handmade wood fired bread created in the tradition of the 18^th century. Established in October 2010 the bakery initially produced just one French Country artisan bread but is now producing six different varieties. The bakery uses a custom built masonry oven inspired by the best of 18^th century French and German designs that adds to the flavor of the bread. The bakery supplies breads and bakery products directly to the public from their commercial bakery in Plymouth as well as to restaurants, hotels, gourmet food shops and small supermarkets throughout the region.

 “We are delighted to partner with MGCC to continue to expand and grow Hearth Wood Fired Bread and as we do, to provide jobs for people in our community.  Our company is about excellence—we have high standards for our product, the service we provide and the people we employ.  We want to become known not only for the wonderful bread that we produce, but also for being a workplace that trains and develops world-class bakers.” Nicole Fichter Nyberg, President and Co-Founder

The Mission of Massachusetts Growth Capital Corporation is to provide capital to Massachusetts small businesses, women and minority owned businesses and local development efforts, in flexible financing programs, by supplementing the capital available from private financial institutions, including non-bank lenders, in order to promote the creation and maintenance of good jobs for Massachusetts residents.

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