Artisanal bread-maker buying LIC facility

July 26, 2011 04:25PM

alternate
text
35-20 9th Street (source: PropertyShark) and Pain D’Avignon’s Essex Street Market outlet

Artisanal bread manufacturer Pain D’Avignon will be the beneficiary of a city program aimed at strengthening small industrial businesses, and will purchase a 10,000-square-foot manufacturing facility in Long Island City thanks to city aid. The firm will close its current manufacturing facility, and expand its business into 35-20 9th Street, the New York City Economic Development Corporation announced.

The financial assistance package comes in the form of real estate and sales tax benefits that total $1.1 million.

The company, founded by Serbian and Bosnian immigrants Bane Stamenkovic, Teofil Surovac and Uliks Fehmiu, has a retail location in the Essex Street Market, and delivers bread to Eleven Madison Park, Momofuku Ssam Bar and Dean & Deluxa among other well-known city restaurants, according to the company’s site.

The EDC assistance package, along with private investment secured by the owners, will ensure the firm and its 70 employees stay in Long Island City. Pain D’Avignon also plans on adding 11 more jobs.

“This Industrial Development Agency package has the smell of success,” said Queens Borough President Helen Marshall in a statement. “It will allow Pain D’Avignon to consolidate, expand, generate more jobs and increase production. In addition, approximately $1 million in benefits will generate $3 million in private investment.” — Adam Fusfeld