Sec. Geithner’s $90M In Community Aid

Posted on June 29, 2009, 5:39 pm
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As part of an effort to highlight the local impact of the American Recovery and Reinvestment Act (Recovery Act) investments, Treasury Secretary Tim Geithner traveled to the Bronx, New York earlier today to announce $90 million in financial assistance awards for 59 Community Development Financial Institutions (CDFIs) committed to serving economically distressed communities across the nation.

The Secretary made the announcement on Monday, June 29th at 3:00pm at The Point, a recipient of financial support from a New York based CDFI. The Point is a cultural and economic development leader by helping local artists and entrepreneurs establish new businesses and explore economic opportunities.

Among the attendees were Congressman Jose Serrano, CDFI Fund Director Donna J. Gambrell, as well as other elected officials.

Jonas Bronck is the pseudonym under which we publish and manage the content and operations of The Bronx Daily.™ / Bronx.com - the largest daily news publication in the borough of "the" Bronx with over 1.5 million annual readers. Publishing under the alias Jonas Bronck is our humble way of paying tribute to the person, whose name lives on in the name of our beloved borough.