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Jobs for New England

Jobs for New England (JNE) offers FHLBank Boston members below market-rate financing for small business loans that create or preserve jobs, expand woman-, minority-, or veteran-owned businesses, or otherwise stimulate the economy in New England communities.

Advances for Economic Development or Job Creation & Preservation

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The second application round closed on June 14, 2019. Funding for round two will begin on Monday, June 17, 2019, with a disbursement deadline of August 31, 2019.

FHLBank Boston has committed up to $6.5 million in 2019 to subsidize the interest-rate on JNE advances. Members are eligible to receive up to $150,000 in interest-rate subsidy. Members who previously applied or had projects funded in the first round are eligible to receive up to $150,000 in this round and must reapply. This increase in subsidy will allow members to leverage more low-cost funding to increase small business lending.

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Jobs for New England Webinar

Play Webinar | View Slides

This presentation provides an overview of the first round of FHLBank Boston’s 2019 Jobs for New England program.


For more information, please call Senior Community Investment Manager Michael Pingpank at 617-425-9564 or contact your relationship manager.

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