GOVERNOR PATRICK VISITS HEARTH WOOD FIRED BREAD, CELEBRATES COMPANY’S GROWTH
State approves working capital for equipment upgrades, full-time employees
Governor Patrick discusses his Administration’s efforts to support small businesses at Hearth Wood Fired Bread.
(Photo credit: Scott Eisen/Governor's Press Office). View additional photos.
PLYMOUTH – Thursday, March 8, 2012 – Governor Deval Patrick today joined Peter and Nicole Nyberg, co-owners of Hearth Wood Fired Bread and employees at the company’s Plymouth location for a tour of the bakery, to highlight the state’s support of the small business' expansion.
Hearth Wood Fired Bread, a wholesale bakery that uses organic heritage whole grains in ancient varieties of bread like emmer, spelt and khorasan wheat, was awarded a $150,000 working capital loan from the Massachusetts Growth Capital Corporation, which was used to help support the small business’ need for a larger, gas-fired oven, operational equipment and the addition of up to four full-time employees.
“We are committed to providing small businesses with the resources and access to capital to enable them to create jobs and spur economic development throughout their communities,” said Governor Patrick. “Hearth Wood Fired Bread is a great example of that commitment and I am pleased to see them thriving here in the Commonwealth.”
The Patrick-Murray Administration’s Massachusetts Office of Business Development (MOBD) met with Peter and Nicole Nyberg in December 2010 to discuss ways to help assist the company’s growth. After determining the company’s need for working capital, MOBD successfully aided the company in securing the $150,000 working capital loan in August 2011from the Massachusetts Growth Capital Corporation.
As a result of the loan approval, Hearth Wood Fired Bread was able to retain six full-time employees and will add up to four full-time employees. The company was able to purchase a new, gas-fired, stone hearth to expand the variety of products it offers and to handle the company’s growing client base. Hearth Wood Fired Bread bakes bread in a unique fashion, using a 60-ton 18th Century wood-fired stove, ancient organic heritage grains and its own natural “starter” created by Peter Nyberg 22 years ago. The company’s French country loaf is served at establishments across the Commonwealth, including the Four Seasons Hotel, the Fairmont Copley Plaza Hotel, Bistro du Midi in Boston and Patrizia’s Italy Trattoria in Plymouth.
“We at Hearth are deeply grateful for the support that the Massachusetts Office of Business Development, the Massachusetts Growth Capital Corporation and the Patrick-Murray Administration have given us,” said Nicole Fichter Nyberg, president of Hearth Wood Fired Bread. “It has been instrumental in enabling us to continue our mission of excellence – to be the best at what we do in all facets of our business – through producing the highest quality products and providing outstanding customer service, while at the same time creating and retaining jobs for individuals in our community. We want to be known for the incredibly delicious artisan bread that we make as well as for being an employer who develops hardworking, dedicated people into world-class bakers and helps them build a strong career path that will carry them well into the future."
The Patrick-Murray Administration has made growing the Massachusetts economy through supporting small businesses a top priority. Recently, Governor Patrick announced that the Administration is streamlining and rescinding state regulations to improve government efficiencies and reduce extra burdens on small businesses, helping small businesses continue to thrive and create jobs through a systematic review of state regulations. Also, no new regulation will be issued without serious consideration of impact and input of small businesses.
In February, Governor Patrick, for the third time, signed legislation freezing employer contributions to the Unemployment Trust Fund, providing immediate relief to small businesses. Since 2009, the Patrick-Murray Administration has saved Massachusetts employers approximately $1.2 billion, encouraging small and large businesses to continue their hiring trends.