Unity Bank Awards $50,000 in Grants to Local Businesses Through FHLB Small Business Recovery Grant Program
Unity Bank has awarded $50,000 in grants to five local businesses through the Federal Home Loan Bank of New York (FHLB) Small Business Recovery Grant (SBRG) Program. Each business received a $10,000 grant to help overcome challenges such as inflation, supply chain constraints, rising energy costs, and a volatile rate environment.
The grant recipients include:
- Isaac Simon Realty – Child Care Services, Brooklyn, NY
- Sontort Realty Holding – Full Service Restaurant, Flemington, NJ
- Lebanon Hotel – Full Service Restaurant, Lebanon, NJ
- Ionian Sky Inc. – Full Service Restaurant, Edison, NJ
- Statewide Environmental – Environmental Consulting Services, Bridgewater, NJ
Unity Bank's President & CEO, James A. Hughes, emphasized the importance of supporting small businesses as they are vital to the local economy. The bank's partnership with FHLB demonstrates its commitment to empowering small businesses and fostering community growth.
Unity Bank ha assegnato $50.000 in sovvenzioni a cinque imprese locali attraverso il Federal Home Loan Bank di New York (FHLB) Programma di Sovvenzione per la Ripresa delle Piccole Imprese (SBRG). Ogni azienda ha ricevuto una sovvenzione di $10.000 per affrontare sfide come l'inflazione, le restrizioni nella catena di approvvigionamento, l'aumento dei costi energetici e un ambiente di tassi volatile.
I beneficiari delle sovvenzioni includono:
- Isaac Simon Realty – Servizi di Cura per Bambini, Brooklyn, NY
- Sontort Realty Holding – Ristorante a Servizio Completo, Flemington, NJ
- Lebanon Hotel – Ristorante a Servizio Completo, Lebanon, NJ
- Ionian Sky Inc. – Ristorante a Servizio Completo, Edison, NJ
- Statewide Environmental – Servizi di Consulenza Ambientale, Bridgewater, NJ
Il Presidente e CEO di Unity Bank, James A. Hughes, ha sottolineato l'importanza di sostenere le piccole imprese in quanto vitali per l'economia locale. La partnership della banca con FHLB dimostra il suo impegno a potenziare le piccole imprese e a promuovere la crescita comunitaria.
Unity Bank ha otorgado $50,000 en subvenciones a cinco negocios locales a través del Programa de Subvención para la Recuperación de Pequeñas Empresas (SBRG) del Federal Home Loan Bank de Nueva York (FHLB). Cada negocio recibió una subvención de $10,000 para ayudar a superar desafíos como la inflación, las limitaciones en la cadena de suministro, el aumento de los costos energéticos y un entorno de tasas volátiles.
Los beneficiarios de la subvención incluyen:
- Isaac Simon Realty – Servicios de Cuidado Infantil, Brooklyn, NY
- Sontort Realty Holding – Restaurante de Servicio Completo, Flemington, NJ
- Lebanon Hotel – Restaurante de Servicio Completo, Lebanon, NJ
- Ionian Sky Inc. – Restaurante de Servicio Completo, Edison, NJ
- Statewide Environmental – Servicios de Consultoría Ambiental, Bridgewater, NJ
El Presidente y Director Ejecutivo de Unity Bank, James A. Hughes, enfatizó la importancia de apoyar a las pequeñas empresas, ya que son vitales para la economía local. La asociación del banco con FHLB demuestra su compromiso de empoderar a las pequeñas empresas y fomentar el crecimiento comunitario.
유니티 뱅크는 뉴욕 연방주택대출은행(FHLB)의 소규모 비즈니스 회복 보조금(SBRG) 프로그램을 통해 다섯 개 지역 비즈니스에 총 $50,000의 보조금을 수여했습니다. 각 기업은 인플레이션, 공급망 제약, 에너지 비용 상승, 변동성이 큰 금리 환경과 같은 문제를 극복하는 데 도움이 되는 $10,000의 보조금을 받았습니다.
보조금 수혜자는 다음과 같습니다:
- 아이작 시몬 부동산 – 어린이 돌봄 서비스, 브루클린, NY
- 손토르 리얼티 홀딩 – 풀 서비스 레스토랑, 플레밍턴, NJ
- 레바논 호텔 – 풀 서비스 레스토랑, 레바논, NJ
- 아이오니안 스카이 Inc. – 풀 서비스 레스토랑, 에디슨, NJ
- 주 전역 환경 – 환경 컨설팅 서비스, 브리지워터, NJ
유니티 뱅크의 회장 겸 CEO인 제임스 A. 휴스는 작은 기업을 지원하는 것이 지역 경제에 매우 중요하다고 강조했습니다. 은행과 FHLB의 파트너십은 작은 기업을 지원하고 지역 사회의 성장을 촉진하려는 은행의 노력을 보여줍니다.
Unity Bank a accordé 50 000 $ en subventions à cinq entreprises locales à travers le Programme de Subventions pour la Récupération des Petites Entreprises (SBRG) de la Federal Home Loan Bank de New York (FHLB). Chaque entreprise a reçu une subvention de 10 000 $ pour surmonter des défis tels que l'inflation, les contraintes de la chaîne d'approvisionnement, la hausse des coûts énergétiques et un environnement de taux volatile.
Les bénéficiaires des subventions comprennent :
- Isaac Simon Realty – Services de Garde d'Enfants, Brooklyn, NY
- Sontort Realty Holding – Restaurant avec Service Complet, Flemington, NJ
- Lebanon Hotel – Restaurant avec Service Complet, Lebanon, NJ
- Ionian Sky Inc. – Restaurant avec Service Complet, Edison, NJ
- Statewide Environmental – Services de Conseil Environnemental, Bridgewater, NJ
Le Président et PDG de Unity Bank, James A. Hughes, a souligné l'importance de soutenir les petites entreprises qui sont vitales pour l'économie locale. Le partenariat de la banque avec FHLB démontre son engagement à responsabiliser les petites entreprises et à favoriser la croissance communautaire.
Die Unity Bank hat im Rahmen des Federal Home Loan Bank von New York (FHLB) Programms für Zuschüsse zur Wiederherstellung von Kleinunternehmen (SBRG) insgesamt 50.000 $ an fünf lokalen Unternehmen vergeben. Jedes Unternehmen erhielt einen Zuschuss von 10.000 $, um Herausforderungen wie Inflation, Einschränkungen in der Lieferkette, steigende Energiekosten und ein volatiles Zinsumfeld zu bewältigen.
Die Zuschussempfänger sind:
- Isaac Simon Realty – Kinderbetreuungsdienste, Brooklyn, NY
- Sontort Realty Holding – Restaurant mit vollem Service, Flemington, NJ
- Lebanon Hotel – Restaurant mit vollem Service, Lebanon, NJ
- Ionian Sky Inc. – Restaurant mit vollem Service, Edison, NJ
- Statewide Environmental – Umweltberatungsdienste, Bridgewater, NJ
Der Präsident und CEO von Unity Bank, James A. Hughes, betonte die Bedeutung der Unterstützung von Kleinunternehmen, da sie für die lokale Wirtschaft von entscheidender Bedeutung sind. Die Partnerschaft der Bank mit FHLB zeigt ihr Engagement, kleine Unternehmen zu stärken und das Wachstum der Gemeinschaft zu fördern.
- Unity Bank awarded $50,000 in grants to support local businesses
- Partnership with FHLB demonstrates commitment to community growth
- Grants address current economic challenges faced by small businesses
- None.
Supporting Local Businesses Through Economic Challenges
CLINTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Unity Bank is proud to announce that five local businesses have each been awarded
These grants aim to help businesses overcome challenges posed by inflation, supply chain constraints, rising energy costs, and a volatile rate environment. As a committed member of FHLB, Unity Bank continues to champion local businesses, providing vital support as they navigate today’s economic challenges.
By leveraging their SBRG Program, Unity Bank granted
Isaac Simon Realty LLC – Child Care Services, Brooklyn, NY
Sontort Realty Holding LLC – Full Service Restaurant, Flemington, NJ
Lebanon Hotel – Full Service Restaurant, Lebanon, NJ
Ionian Sky Inc. – Full Service Restaurant, Edison, NJ
Statewide Environmental – Environmental Consulting Services, Bridgewater, NJ
James A. Hughes, President & CEO of Unity Bank, said, “Small businesses are the lifeblood of our local economy, and these grants will provide critical relief to ensure they can continue to serve our communities. By utilizing the FHLB’s Small Business Recovery Grant Program, we’re able to deliver meaningful support where it’s needed most.”
Unity Bank’s partnership with FHLB highlights its ongoing commitment to empowering small businesses and fostering community growth. The SBRG Program has been instrumental in addressing the financial pressures many small enterprises face due to the current economic climate.
Learn more about the SBRG program at this website: https://www.fhlbny.com/community/sbrg/program-overview/
About Unity Bancorp, Inc.
Unity Bancorp, Inc. (NASDAQ: UNTY) is the parent company of Unity Bank, a financial services organization based in Clinton, New Jersey. Unity Bank operates 21 branches across New Jersey and the Lehigh Valley, Pennsylvania, offering community-focused commercial banking services, including deposit accounts, loans, and digital services. For details, visit unitybank.com or call 800-618-BANK (800-618-2265). Unity Bank is a member of the Federal Deposit Insurance Corporation (FDIC). To learn about FDIC insurance, visit FDIC.gov.
Contact:
Crystal Rose
Marketing Director
(908) 713-4310
Crystal.Rose@unitybank.com
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