St. Jean’s Credit Union Awards $100,000 in Grants To Local Businesses and Non-Profit Organizations During COVID-19
St. Jean’s Credit Union, Massachusetts’ First Credit Union was the recipient of
funds issued by the Federal Home Loan Bank of Boston Jobs for New England Recovery Grant Program. The program is designed to assist Federal Home Loan Bank of Boston members with grants to support local small businesses and nonprofit organizations experiencing hardship due to the COVID-19 pandemic.
St. Jean’s Credit Union awarded eight (8) grants totaling $100,000.00 to small businesses and community-based nonprofit organizations to assist with payroll needs, the continuance of employment, and COVID-19 related expenses such as personal protection equipment (PPE) and modifications to comply with state and CDC guidelines.
The grant fell into two categories
• Small business as defined by the Small Business Administration (MBE/WBE and Veteran-owned)
• Community-based nonprofit organizations, or owners of affordable housing
“St. Jean’s is committed to helping local businesses and nonprofit organizations in our communities. This grant money will allow us to further assist those who have been significantly impacted by the pandemic,” stated David Surface, President and CEO of St. Jean’s Credit Union. “Congratulations to all.”
Awards were given to the following Businesses; Lynn Museum Lynn Arts, North Shore Latino Business Association Inc., Inspire Arts & Music, Inc., Healing Abuse Working for Change, Inc., Boxer Motor Works, Women Encouraging
Empowerment, Inc., Thmor Dar Restaurant and Carry Out Café.