The purveyor of imported Italian food has been wholesaling and distributing to NYC restaurants for nearly sixty years. In 2015, founder Domenico “Mimmo” Magliulo developed a plan to expand distribution and decided to establish a 27,500 sq. ft. facility right on Port Jersey Blvd.
The expansion was recently completed.
EDA has approximately two dozen Premier Lender partners. One of their partners, Fulton Bank, gave Magliulo a loan with a nearly 26 percent EDA participation that brought his dreams to fruition.
“Jersey City offers many logistical advantages including access to major ports, highways, and Hudson River crossings, while still remaining close to the heart of our existing customer base,” said Magliulo. “The support provided by Fulton Bank and the EDA has truly helped to facilitate our expansion.”
Visiting Buon’Italia last week, EDA Chief Executive Officer Melissa Orsen and Fulton Bank Commercial Lender Angelica Lyons aimed to raise awareness of low-cost financing solutions offered by the EDA, such as the Premier Lender Program, to support small business growth in New Jersey.
“We welcome Buon'Italia to the State and encourage all companies looking to expand or invest in their operations to look to the EDA first so they can be informed of all financing options available to support their growth in New Jersey,” said Orsen.
“Our highly skilled labor pool, perfect location, and world-class infrastructure have attracted scores of distribution and warehouse centers to the State,” she continued. “Together with a booming food and agriculture industry, New Jersey is an ideal home for Buon'Italia as it continues to grow.”