Dime Community Bank’s $10K Challenge Marks a Decade of Supporting NYC Businesses

A New York City bank, Dime Community Bank, recently celebrated the tenth year of its small business challenge. This year’s competition saw a record number of applicants seeking a $10,000 grant, highlighting the ongoing need for financial support in the city’s entrepreneurial landscape.

A Decade of Supporting Entrepreneurs

Dime Community Bank, working with 1010 WINS, organized the Dime Community Bank $10K Small Business Challenge in Manhattan for a decade straight. The goal of this initiative is to assist local enterprises. The challenge saw a remarkable number of applicants this year.

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According to a 2024 report, small businesses in the US are facing a funding gap of over $85 billion, which emphasizes the significance of initiatives such as the Dime Community Bank Challenge (Source 2024).

About the Company

Dime Community Bancshares, Inc. is the parent firm of Dime Community Bank. The bank is a New York State-chartered trust company, with over $14 billion in assets.

The bank holds the number one deposit market share among community banks on Greater Long Island.