Pascale Sykes Foundation and New Jersey Community Capital Expand Thrive South Jersey Initiative To Support Small Businesses During Covid-19 Pandemic
The Pascale Sykes Foundation and New Jersey Community Capital (NJCC) announced the expansion of the THRIVE South Jersey Initiative (THRIVE) to meet the immediate needs of small businesses and nonprofits critically affected by the COVID-19 pandemic.
Through THRIVE South Jersey, an initiative developed to address economic hardship in the targeted four-county region of Gloucester, Cumberland, Salem, and Western Atlantic Counties, small businesses in South Jersey can apply for zero-based interest rate loans and receive approval and funding within 10-14 days of application — delivering immediate relief in unprecedented times. NJCC used its experience helping small businesses recover after Hurricane Sandy to form this innovative approach to providing emergency assistance through THRIVE.
“We know that small businesses are the heart of our communities and in the midst of the COVID-19 pandemic, many are encountering unexpected challenges in a rapidly changing market,” said Wayne Meyer, president of NJCC. “Consistent with our mission, this expansion of THRIVE ensures that small businesses and nonprofits are provided with equitable and inclusive opportunities for relief, stability, and growth. We believe that small businesses are the lifeline of the New Jersey economy.”
