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TD Bank, Brooklyn Chamber Aid Entrepreneurs
Brooklyn Chamber of Commerce
The Brooklyn Chamber of Commerce is proud to announce that TD Bank Group and the TD Charitable Foundation, the charitable giving arm of TD Bank, America's Most Convenient Bank, will donate a combined $200,000 to help start the Citywide Neighborhood Entrepreneurship Project, which addresses the needs of businesses and commercial corridors through a series of programs that includes providing direct commercial revitalization services to shopping districts throughout New York City.
The program comes in the wake of Hurricane Sandy, a time where many businesses located in the impacted areas suffered devastating losses.
The Chamber, through its 501c3 not for profit, the Brooklyn Alliance, will work with and provide direct technical assistance to assist NYC's other Chambers of Commerce (Bronx, Manhattan, Queens, and Staten Island) to develop and establish commercial revitalization programs within their respective Chamber foundations. This would be the first citywide program that addresses needs of small businesses within low income neighborhoods. Each borough's Chamber will allocate resources to implement outreach as directed by their president in collaboration with the Brooklyn Alliance.
"I would like to thank TD Bank Group and the TD Charitable Foundation for their commitment to helping small businesses grow across New York City," said Carlo A. Scissura, President & CEO of the Brooklyn Chamber of Commerce. "TD's $200,000 commitment will enable us to help businesses grow. This also comes following the tragedy of Hurricane Sandy. Urgent intake, assessment, and referral services are even more critical right now, with businesses needing access to emergency financing products to help them clean up, rebuild, and replace equipment and machinery. These lost businesses could represent the interruption of 10,000 jobs for New York City residents. In addition, many of the hardest hit communities, such as Coney Island and the Rockaways, are areas that are low to moderate income communities who desperately depend on small business for vital good and services, and job creation for their communities."
The Neighborhood Entrepreneurship Program (NEP) will help with merchant organizing, commercial beautification, Shop Local initiatives, and attracting businesses to low income areas. Services also include programs aimed at direct referrals for small business services such as financing, accounting, hiring, and attaining permits.
"TD is proud to support local small businesses through the Citywide Neighborhood Entrepreneurship Project, especially as the community recovers from Hurricane Sandy," said Peter Meyer, Market President for TD Bank. "We recognize the impact these donations can have, and our goal is to build successful partnerships that benefit our customers and their communities."
The NEP will seek to work directly with Local Development Corporations, Business Improvement Districts, and existing merchant groups to provide access to resources that help them gain visibility, expand offerings, and solidify operations. The Brooklyn Alliance already convenes these groups to meet on a quarterly basis to provide up-to-date information on market issues and conditions, and introduce important topics, such as helping merchants benefit from new tourism spending and attracting new businesses to the community.
"In the aftermath of Hurricane Sandy, I have been out working in a number of impacted neighborhoods and it has been amazing to see everyone coming together to help," said Robert Walsh, Commissioner of the NYC Department of Small Business Services. "Thanks to the generosity of TD, the Citywide Neighborhood Entrepreneurship Project will provide guidance to Chambers of Commerce throughout the five boroughs and help them assess the needs of impacted commercial corridors, and reach out to small businesses about financing, technical assistance, and other services available through NYC Business Solutions and other organizations. I thank the Brooklyn Chamber of Commerce for taking the lead on this important citywide initiative."
About the Brooklyn Chamber of Commerce
The Brooklyn Chamber of Commerce is the borough's largest business advocacy group with nearly 1,000 members. The Brooklyn Chamber of Commerce is a community that supports and advocates for its member businesses. Our mission is to promote a healthy and robust business environment in Brooklyn. The Brooklyn Chamber of Commerce will be the foremost resource for doing business in Brooklyn, respected as a leader in advancing public policy, new technologies, products, services and programs that support and promote a vibrant local economy. More information is available at www.ibrooklyn.com.
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America's Most Convenient Bank(r), and is one of the 10 largest commercial banking organizations in the United States. The Foundation's mission is to serve the individuals, families and businesses in all the communities where TD Bank operates, having made $98.2 million in charitable donations since its inception in 2002. The Foundation's areas of focus are affordable housing, financial literacy and education, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.
About TD Bank, America's Most Convenient Bank
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing nearly 8 million customers with a full range of retail, small business and commercial banking products and services at nearly 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth(r), and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDMoneyLoungeUS and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank is one of the few banks in the world rated AAA by Moody's and trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com.