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Brooklyn Chamber of Commerce wins $750,000 grant to help small business

February 8, 2018 By Paula Katinas Brooklyn Daily Eagle
Peter Meyer (third from left), market president of TD Bank, congratulates the presidents of chambers of commerce from around the city. Pictured with Meyer are: Nunzio Del Greco of the Bronx; Jessica Walker of Manhattan; Andrew Hoan of Brooklyn; Linda Baran of Staten Island; and Thomas Grech of Queens (left to right). Photo courtesy of Brooklyn Chamber of Commerce

The Brooklyn Chamber of Commerce, which is celebrating its 100th anniversary this year, has even more reason to break out the champagne.

The chamber, led by President and CEO Andrew Hoan, has been awarded a $750,000 grant from the TD Foundation to expand its work in assisting small businesses. TD Foundation is a charitable group associated with TD Bank.

Specifically, the grant funds will be used to hold workshops to educate small business owners and to work in partnership with nonprofit organizations around New York City to help homeowners.

“This partnership will provide economic growth to individuals interested in improving their financial status, as well as provide small business owners with the tools needed to create a sustainable, thriving business and we’re excited to be a part of this effort,” TD Bank Market President Peter Meyer said in a statement.

The grant funds will be distributed during a period of three years.

The Brooklyn Chamber of Commerce will be doing its work through the 5 Chamber Alliance, a group composed of the five chambers of commerce in New York City. The Brooklyn Chamber was founded in 1918.

The alliance will work on structuring workshops for small business owners, as well as seminars for potential home buyers.

The job of the Brooklyn Chamber of Commerce will be to develop a framework for running the workshops and seminars, which will then be given by the chamber of commerce in each borough. 

“This grant follows a long history of helping businesses in Brooklyn, and beyond, including the expansion of the citywide Neighborhood Entrepreneurship Project, which helped enumerable waterfront communities recover in the wake of Superstorm Sandy. We’re extremely grateful to be able to continue our productive partnership with TD Bank, which will create opportunities for small businesses and more educated home ownership in Brooklyn, and throughout the five boroughs,” Hoan said in a statement.

Denise Arbesu, chairwoman of the board of the Brooklyn Chamber Commerce, said the new grant means a great deal to the organization.

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“We thank TD Bank for this incredible chance to once again make a difference by enriching the lives of our underserved communities, which the Brooklyn Chamber will host for the first time. This partnership will further our commitment to small business education with an entire-city perspective, and let us share the work we’ve been doing in Brooklyn throughout New York,” Arbesu stated.

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