Cross River Bank in Fort Lee and the Statewide Hispanic Chamber of Commerce of New Jersey in Lyndhurst have partnered on the Chamber’s Hispanic Entrepreneurship Training Program, which aims to promote access to capital, opportunities, and new markets to Hispanic business owners.
As part of the partnership, Cross River will provide financial assistance to SHCCNJ to help launch and enhance the chamber’s entrepreneurial programs to provide small business owners with financial, educational and technical assistance.
“Based on recent studies, New Jersey is among eight states (Arizona, California, Florida, Illinois, New Mexico, New York, and Texas) that collectively have approximately three-quarters of the U.S. Latino population,” said Carlos Medina, SHCCNJ president and CEO. The eight states have a Latino GDP of $2 trillion. We need to continue to add partners like Cross River, that value the economic power of the Hispanic business community incentivizing its growth through education and networking.”
This partnership is part of the bank’s Making Waves with Cross River campaign, which is dedicated to diverse small businesses and entrepreneurs serving their communities and creating jobs. A number of initiatives fall within the campaign, including grant programs, fellowships, events, and small business support.
“The Statewide Hispanic Chamber of Commerce of New Jersey is a leading advocate providing resources to small businesses who are often neglected,” said Phil Goldfeder, senior vice president of global public affairs at Cross River. “The SHCCNJ is the voice of thousands of Hispanic businesses that contribute to the New Jersey economy, and the partnership with Cross River will provide further support, fortifying a better community for all.”
