Cross River Teams Up with Brooklyn Chamber Again to Distribute Grants to Further Support Women and Minority Owned Businesses

November 22, 2022

Cross River Teams Up with Brooklyn Chamber Again to Distribute Grants to Further Support Women and Minority Owned Businesses

Grants are part of Small Business Grant Program created by the organizations, a $220,000 fund in 2022 to provide support to local businesses in need

Recipients include the site of an arson attack, an orchestra dedicated to community enrichment, and an electronics store providing the community with repair services

FORT LEE, N.J. - Cross River Bank (Cross River), a technology infrastructure provider that offers embedded financial solutions, today announced that along with the Brooklyn Chamber of Commerce, it has distributed $1,000-$5,000 grants to support the revitalization and recovery of local small businesses who have experienced post-pandemic challenges.

“Partnering with the Chamber has provided Cross River the opportunity to bring truly impactful philanthropy to the Brooklyn community and directly effectuate the expansion of financial inclusion among diverse communities,” said Eugene Shvartsman, Head of Government Affairs at Cross River and Brooklyn Alliance Capital Board Member. “We are proud of the difference these funds make in the survival of these businesses and look forward to providing many more minority and women-owned small businesses with the financial support they need and deserve.”

The grants are part of the Small Business Grant Program, a collaboration between Cross River and the Chamber, that provides financial support to minority and women-owned businesses. The program is funded by Cross River and applications are processed through the Chamber’s economic development arm, Brooklyn Alliance Capital.