Earlier this year, Bushwick Daily reported that UOVO, a fine art storage company, got a massive bank loan to build its new outpost in Bushwick. Now, the company has another announcement—but this time it’s about art.

In collaboration with the Brooklyn Museum, UOVO is launching a new emerging artists prize: The UOVO Prize at the Brooklyn Museum. This prize is designed for an artist living or working in the Brooklyn borough, and is supported by the high-end storage company.

“The Brooklyn Museum is excited to join UOVO in this effort to highlight and nurture the vibrant cultural producers of Brooklyn,” said Anne Pasternak, Shelby White and Leon Levy Director, Brooklyn Museum in a statement. “We’re proud to share this borough with countless emerging artists, and are always looking for opportunities to support their work in a multitude of ways.”