Actress America Ferrera is launching her own production company and has signed a deal with ABC.

The Wrap confirmed Friday that the Ugly Betty star's new company, Take Fountain Productions, will develop projects for both cable and broadcast. Development and production will be run by producer Gabrielle Neimand.

Neimand was the producer for the film The Last Exorcism and the former vice president of Narrative Films at Participant Media.

Ferrara has hit the ground running with her new company as Take Fountain has already sold its first two projects Plus One, a comedy, to ABC and Social Creatures, a drama, to ABC Family.

Plus One will focus on three siblings who's world is turned on its side when they find out they have a fourth sibling. Social Creatures on the other hand has received a script commitment and will center around the lives of six friends living in New York City who are trying to create meaningful relationships in the hyper-digital age.

As for Ferrara, she will be returning to television in the upcoming NBC comedy Superstore.