Kearny CARES Act small business grant awards

News | 10/21/2020

Valley proudly partnered with the Town of Kearny to administer a Small Business Grant Program through the Hudson County CARES (Coronavirus Aid Relief and Economic Securities.) In total, $1,244,946 was allocated in grant funding through Kearny’s share of the federal CARES Act and can be utilized for COVID-19 related expenses such as payroll, mortgage or rent payments and utilities.


         

I don’t know where we’d be without Valley’s help with this” says Mayor Alberto Santos, Town of Kearny

    
     

Valley worked closely with the Town of Kearny to create the application process, prioritizing this critical funding for businesses negatively affected by COVID-19. Valley’s Business Banking team applied experience with our PPP program and collaborated with the Kearny team to review over 100 small business applications. The Retail team in Harrison fielded questions through the process and many Valley associates contributed over 100 hours of community service to help provide grant funding awards to 83 small businesses in Kearny, NJ—including Stella’s Empanadas & Argentine Grill on Elm Street!

   
 

We were honored to partner with the Town of Kearny to assist them with sustaining local small businesses and mitigate the impact of COVID-19 on Kearny small businesses through the CARES program" says Dorothy Kahlau, Director of Business Banking NJ, ValleyBank

     
        

About the Town of Kearny
Over 40,000 people live in the Town of Kearny located in the western part of Hudson County, New Jersey. The location of Kearny within the northern New Jersey-New York metropolitan region presents numerous opportunities for economic development. Small businesses are the backbone of Kearny. Kearny’s Urban Enterprise Zone (UEZ) program effective on January 16, 1986, designated an area of Kearny comprised of most of its retail, commercial, manufacturing and industrial base to encourage employment and investment and where shoppers can take advantage of a reduced 3.3125% sales tax rate. Among its natural assets, the Kearny Meadows, a unique ecosystem occupies 59% of the of the land of the town and makes up the southern portion of the Hackensack Meadowlands.  Its cultural assets include the Kearny Public Library, one of New Jersey's remaining Carnegie libraries. Mayor of Kearny since January 1, 2000, Al Santos, served as councilman of Kearny's Second Ward before his election as mayor.
 
About Valley
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $37.5 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing exceptional service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Service Center at 800-522-4100