Husband and wife Jaeyeon Kim and Hyo Jung Kim, originally from Korea, operated a successful restaurant in Flushing, Queens and wanted to open another in Long Island City, but the pandemic set them back. However, the Kims persevered and named their new restaurant “Ziggle,” after the “sizzling” sound of a hot plate of food fresh out of the kitchen. In 2021, Mr. and Mrs. Kim received a loan from Renaissance providing working capital to support Ziggle’s start-up phase, and the restaurant successfully opened in October 2021.
Mr. Jin Yu Lin, originally from China, owned a business in his home country before immigrating to the U.S., where he started as a delivery person before opening Pho Grand in 1999 in Chinatown. Mr. Lin has been a Renaissance client since Pho Grand’s startup phase and this relationship continued through the pandemic, when Renaissance provided him with an emergency loan. Pho Grand is still thriving today thanks in part to its owner’s secret to success: “Stick to one thing and do it well!”
Ivan Arteaga and Olivia Allbe worked together as baristas for several years, but when the pandemic forced their coffee shop to close, they stepped up – by partnering with local restaurant owner David Hurtado and reinventing the coffee shop as Café Calaca, infusing it with Latin culture. Renaissance provided the co-owners a small business loan in July 2021 to support Café Calaca’s start-up operations. The trio’s secret to success so far? “Build your team first, and around that, build your business.”
SVG Caribbean Bakery & Restaurant, a Brooklyn-based restaurant that boasts, among a variety of baked delights, the best saltfish patties the borough has to offer!
Jing Wang founded her Queens-based wholesale company, JCW Import and Export, Inc., after coming to this country from China in 2010. The firm, which specializes in kitchen and other household items, has grown rapidly during the past several years, aided by several loans from Renaissance Economic Development Corp.
This month, Renaissance highlights essential business Olive Market, a deli/grocery store in Flushing, Queens. Owned by AAPI business owner Song Ku Paek, the business launched in 2017. Mr. Paek dreamed of owning his own business for years and spent time considering the best options to ensure his success. When he found a convenient location with high foot traffic, he knew he was ready to realize his dream.
Long-time Renaissance client and neighborhood staple Pho Grand, a Vietnamese restaurant located in Chinatown, has been open since 1999 and is owned by Mr. Jin Yu Lin. Originally from China, Mr. Lin had a wholesale shoe business in his home country before immigrating to the United States. The idea for opening Pho Grand came to him when he saw many people eating in Vietnamese restaurants around Lower Manhattan. Having started a CD store in 1997, it occurred to him to shift gears and focus instead on feeding New Yorkers.