Ponce Financial Group Inc. announced that Ponce Bank has been awarded a $50,000 grant through the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant Program. The funds have been distributed to 12 small businesses and nonprofits across the communities Ponce Bank serves, rather than being retained solely by Ponce Financial Group Inc. The recipients include organizations such as RID Trucking LLC, JC Trucking LLC, Diaz Security Services LLC, JAS Grocery, Atlantic Bagels Foods, LLC, Churches United For Fair Housing, Inc., and others. The grant aims to provide critical support for local entrepreneurs, helping them manage expenses and sustain operations during ongoing economic challenges.
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