Columbia Bank said it has awarded ten local businesses and nonprofits through the Federal Home Loan Bank of New York Small Business Recovery Grant Program. A total of $50,000 in grants were awarded to help New Jersey organizations address rising operational costs.
Through FHLBNY SBRG Program, the grants provide financial relief to qualified small businesses and nonprofit organizations that have been impacted by challenges such as inflation, supply-chain disruptions, and/or rising energy expenses.
“These deserving grant recipients provide necessary services to our local residents and are the core of our communities,” Thomas Kemly, president and CEO of Columbia Bank said. “We are proud to help ease the financial burden many business owners are experiencing by participating in the Federal Home Loan Bank’s grant program”
The non-profit organizations and small businesses who received support include:
- Busy Bees Learning Center of Bloomfield
- Don Ricky Colombian Bakery of Elizabeth
- Elite Tax Services of Fair Lawn
- Empower the Village Inc. of Cedar Knolls
- Eva’s Village of Paterson
- Madison Avenue Crossroads Community Ministries of Paterson
- Nette, Nana and Friends LLC of Browns Mills
- New Hope Community Ministries of Prospect Park
- Servant’s Heart Ministry Inc. of Wyckoff
- Passaic County Habitat for Humanity of Paterson.
