The Western New York Impact Investment Fund announced this afternoon they have invested $500,000 in Ru’s Pierogi.
According to the Fund, they will have a minority ownership stake in the company.
“Our investment in Ru’s Pierogi will spur needed employment and job training opportunities as the company continues to grow, which aligns with the mission of our Fund,” Thomas Quinn CEO of the WNY Impact Investment Fund said.
The investment looks to help advance the growth of Ru’s as they work to increase its manufacturing capacity and expand to more grocery stores and retail location.
Founder of Ru’s, Zack Schneider says, “Around 90 percent of our workforce comes from the surrounding community. We’re proud that people from all over WNY and beyond visit Ru’s and get a taste for not only our pierogi, but the local flavor as well. As Ru’s continues to grow, we look forward to expanding our footprint and helping the local community to thrive. Thanks to the Western New York Impact Investment Fund, that will happen sooner than we anticipated.”
Schneider says one of the goals of Ru’s is to help transition an underserved neighborhood as a key part of the revitalization of Buffalo’s lower West Side.