St. Mary's Bank Donates $100K To Biz Incubator
St. Mary's Bank has donated $100,000 to the Amoskeag Business Incubator in support of a $1-million capital campaign. The nation's first credit union said the money is to help support the Incubator's community economic development programs, fund the organization's move to a new location and begin an endowment. The Incubator assists small businesses by providing them with the tools, expertise and support services necessary to prosper. "Our efforts are very focused on the success of local businesses, and we see the Incubator's role in accelerating growth as essential to helping these businesses get off to a good start and thrive," said John Flanders, VP-business lending with the credit union. The Amoskeag Business Incubator offers access to affordable rent, shared utilities and Internet services and use of office administrative equipment. Tenants of the Incubator also receive advice from small business advisors from Southern New Hampshire University, the U.S. Small Business Administration.