Fair Lawn Business Recipient of the
Improvement & Modernization Loan

Facelifts for Facades, Sign & Awning Replacement

Among Elements on the Economic Agenda

Fair Lawn , NJ — January 15, 2008 — An ambitious modernization and revitalization program offered to Fair Lawn businesses has already had a positive impact in this Bergen County town of 31,000 residents.

Sponsored by the Fair Lawn Economic Development Corporation (FLEDC) in cooperation with Columbia Bank and Valley National Bank, the Fair Lawn Improvement and Modernization Loan and Grant Program is helping local business owners in all business zones purchase new equipment and supplies and make physical and aesthetic improvements to their commercial properties. The program offers up to $35,000 that can be paid back over seven years.

Louis Vintaloro (third from right), owner of the Performance Jiu-Jitsu Academy , is pleased to accept a check from the FLEDC as part of its Improvement and Modernization Loan & Grant Program. Vintaloro used the funds to make several interior and exterior improvements. He is joined by (l to r) Darren Lizzack (EDC trustee), Bob Beshlian (BIC chairman), Stuart Hermann (EDC chairman), David Nutt (commercial lending officer, Columbia Bank), and Todd Malkin (EDC trustee).

In its second year of service to the community, the FLEDC has approved the first loan to Performance Jiu-Jitsu Academy on Broadway, which teaches the art of Gracie Jiu-Jitsu. The results of the loan, according to owner Louis Vintaloro and other FLEDC participants, have been very encouraging. The Academy has made several interior and exterior improvements to better position itself as a professional, highly qualified martial arts facility.

Click here to download the Fair Lawn Improvement & Modernization Loan and Grant Program brochure

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