- Thomaston Savings Bank will award $5,000 grants to 10 small businesses
- Funding comes through Jobs for New England program
- Program aims to relieve financial stress on small businesses to help them recover from the COVID-19 pandemic
Summary by Dirk Langeveld
Ten small businesses will receive $5,000 grants under a program recently announced by Thomaston Savings Bank.
The Connecticut bank received funding through the Jobs for New England Program, which is overseen by the Boston-based Federal Home Loan Bank. This program intends to relieve financial stress on small businesses and help them in recovering from the COVID-19 pandemic. It awarded $6.1 million in grants for 2020 leading into the 2021 phase.
The grants will build on previous small business support initiatives by Thomaston Savings Bank, including an effort last year that purchased more than 5,800 meals from local restaurants and donated them to community service organizations.
