WEST ORANGE, NJ — Glen Rock Savings Bank will distribute substantial financial relief to five small businesses and three nonprofit organizations throughout northern New Jersey. Totaling $70,000, the direct payments are part of the Federal Home Loan Bank of New York’s COVID-19 Small Business Recovery Grant program.
The three nonprofit organizations selected for the grants are the Boys and Girls Club of Hawthorne; CASA–SHAW of Lebanon, which provides court-appointed advocates for abused children; and the Baptist Home Society’s The Cliffs at Eagle Rock, an assisted living facility in West Orange. Businesses who received grant money include a restaurant, preschool, toy store, gym and local retail shop.
The FHLBNY’s COVID-19 Small Business Recovery Grant program sets aside approximately $2 million to support the financial security and health of workers employed by organizations that have suffered a decrease in revenue as a result of the ongoing COVID-19 crisis. Eligible recipients can receive grants of up to $10,000 each.
“As a proud member of the Federal Home Loan Bank of New York, Glen Rock Savings Bank is honored and grateful to play a role in helping organizations financially impacted by the protracted pandemic,” bank President and CEO Ferdinand R. Viaud said. “As we continue to emerge from this unprecedented health and fiscal crisis, we will continue assisting our customers in any way we can.”
Bank issues grants to eight local businesses, nonprofits added by Editor on
View all posts by Editor →