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7:26 AM / Tuesday July 7, 2020

2 Apr 2020

Beech Companies, Inc. releases second round of COVID-19 emergency grants

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April 2, 2020 Category: Local Posted by:

 The Beech Companies, Inc. released its second round of Coronavirus (COVID-19) emergency grants to non-profit organizations in Philadelphia that provide urgent, essential services through its Alston Beech Foundation as part of its mission to provide services to the community.

 “The first round of emergency grants were released last week,” said Dr. Kenneth Scott, president and CEO of Beech which celebrates its 30th anniversary this year. “Each week Beech will make $1,000 contributions to five selected nonprofits to help keep them running during this national emergency. We are asking that other businesses and organizations join us in making donations to the various organizations we fund each week.” 

The second group of organizations to receive a $1,000 donation are:Salvation Army Red Shield Center, Self, Inc., The Table Pantry, Yorktown Community Development Corporation  and Youth Services, Inc./Youth Emergency Service. The first round of emergency grants were distributed to Sunday Breakfast Rescue Mission, Philadelphia Corporation for Aging, Philabundance, Share Food Program and Walker Junior Unity Center.

 Beech also offers lines of credit to non-profit organizations under its non-profit fund. Small businesses that need help staying afloat should contact Beech Business Bank which offers lines of credit to small businesses.

It provides capital for existing businesses, new entrepreneurs and neighborhood organizations involved in community economic development in underserved communities in North, West and Northwest Philadelphia. Beech Business Bank is a loan program managed by the Beech Capital Venture Corporation and is a Certified Development Financial Institution of the U.S. Treasury Department. 

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For more information and to apply, visit: www.beechinterplex.com/beech_businessbank.asp

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