New BXV for BXV Initiative Kicks Off with Loan Program For Bronxville Merchants
Submitted by Bronxville Chamber of Commerce and the Village of Bronxville
Jun. 3, 2020: The vibrancy of Bronxville’s commercial district is integral to the overall health of our community.
Our local government, residents and business organizations recognize the devastating effects of the COVID-19 epidemic on our merchants, and are ready to take action to help them not just survive but to thrive in the “new normal.”
We are excited to announce that the Village of Bronxville, the Bronxville Chamber of Commerce, and a growing network of engaged local residents have created BXV FOR BXV, an ongoing and wide-ranging set of initiatives to invigorate the Bronxville community.
BXV FOR BXV kicks off with a loan program to benefit Bronxville based merchants, which opens for applications on Wednesday, June 3rd, 2020.
In addition to the Merchant Loan Program, the BXV FOR BXV campaign will offer a grassroots donation program which will endeavor to engage the entire community in supporting re-emerging Downtown Bronxville.
We anticipate the program will support merchants with reconfiguring outdoor storefront space, contribute to the beautification of the Downtown area, and provide assistance to Village and Chamber of Commerce events this summer and fall. Details TBD, but we are hoping to attract wide and enthusiastic community involvement and participation.
Mayor Mary Marvin has been integral in BXV FOR BXV since inception and says, “I am honored and truly humbled to be a part of such an incredible collaboration of generosity and love for our Village. Those who have stepped up are living the words of William Wordsworth who said, ‘Give what you have. To someone, it may be better than you dare to think.’”
President of Bronxville Chamber of Commerce, Leah Caro, adds, “Bronxville Village has always had a strong sense of community; community enveloping the residents, the school, the merchants, the municipality. The BXV for BXV project is the epitome of this strength. It should come as no surprise that when the going gets tough, we all get going!”
Here are details about the Merchant Loan Program.
The Merchant Loan Program will be split into two phases.
Phase I will consist of up to twenty separate $5,000 loans to eligible applicants.
These loans will be funded quickly once all applications are received by the deadline, reviewed, and accepted. Eligible applicants are first-floor businesses in Bronxville Village’s commercial district, not part of a national chain, who are members of the Bronxville Chamber of Commerce.
If you are not a Chamber member, contact Executive Director Shannon Gangemi at
Loan applicants will be asked to answer a short set of questions, including basic information about revenue changes during 2020. These one-year loans will be at a fixed rate of less than 1%.
Phase II, to be launched this summer, will include larger multi-year loans (at a rate less than 3%) available to a broader pool of Bronxville owner-operated businesses. We will be partnering with Trustco Bank and The Westchester Bank.
Applicants for Phase I funding are not required to participate in Phase II. Nor are those interested in Phase II obligated to apply for Phase I funding.
All information can be found at the Bronxville Chamber of Commerce website and the Village of Bronxville website. www.bronxvillechamber.org/bxvforbxv and www.villageoBronxville.com
Interested parties should apply on the Bronxville Chamber website www.bronxvillechamber.org/bxvforbxv by 5pm on Wednesday, June 10th.
Info packets and application forms are also being distributed by hand to qualifying businesses on Tuesday, June 2nd.
Questions? Please contact Shannon Gangemi at
