Paterson nonprofit receives $20,000 in grant from M&T Bank | Paterson Times

Paterson nonprofit receives $20,000 in grant from M&T Bank


The New Jersey Community Development Corporation (NJCDC) has received a $20,000 grant from Buffalo-based M&T Bank to create programs focused on education, youth development, and housing.

Funds will go towards the nonprofit’s Great Falls Neighborhood Revitalization efforts, according to the bank which announced a total of $700,000 in grant funding to 24 community organizations throughout New Jersey.

“As a community-focused bank, M&T is dedicated to supporting local residents and providing grants for neighborhood development,” Tom Comiskey, regional president for M&T Bank, said.

NJCDC has been undertaking a number of projects to revitalize the area around the Great Falls. It has purchased a vacant American Legion Hall to convert it into a youth center for education and training.

The nonprofit has been responsible for the rehabilitation of the former storage building of the Rogers Locomotive Works. It also prevented the closure of Michael’s Energy Factory. And recently, revitalized the corner of Grand and Spruce streets with a new mixed-use housing and retail complex.

Pictured (from left to right): M&T Bank New Jersey Region President Tom Comiskey, M&T Bank Regional Community Reinvestment Officer Alle Ries, New Jersey Community Development Corporation President Bob Guarasci and M&T Bank Branch Manager Tifani Borel.