AP NEWS

Banks to Award $16K to Promote Economic Development in San Antonio

October 9, 2018

SAN ANTONIO--(BUSINESS WIRE)--Oct 9, 2018--Southside First, an initiative of the South San Antonio Chamber of Commerce Foundation designed to promote economic development and community leadership in South San Antonio/Bexar County, will be awarded $16,000 in Partnership Grant Program (PGP) funds from Jefferson Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The grant will support Southside First’s three signature programs and enable the nonprofit to provide training to small businesses and promote economic development.

The media is invited to the check presentation at 11:00 a.m. on Wednesday, October 10 at San Antonio Chamber of Commerce at 3315 Sidney Brooks, Suite 200 in San Antonio.

PGP awards provide 3:1 matches of FHLB Dallas member contributions to provide grants up to $12,000 that help promote and strengthen relationships between community-based organizations and FHLB Dallas members. The PGP also complements the development activities fostered by FHLB Dallas’ Affordable Housing and Community Investment programs. For 2018, FHLB Dallas has awarded $300,000 in Partnership Grant Program (PGP) funds through 31 member institutions to assist 32 community-based organizations. Combined with the $114,010 contributed by FHLB Dallas members, a total of $414,010 has been awarded to the organizations.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181009005069/en/

CONTACT: Federal Home Loan Bank of Dallas

Corporate Communications, 214-441-8445

fhlb.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: SMALL BUSINESS PHILANTHROPY PROFESSIONAL SERVICES BANKING FINANCE OTHER PHILANTHROPY CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Federal Home Loan Bank of Dallas

Copyright Business Wire 2018.

PUB: 10/09/2018 06:25 AM/DISC: 10/09/2018 06:25 AM

http://www.businesswire.com/news/home/20181009005069/en

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