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92 Jewish Firms Suffered Extensive Flood Losses in Waterbury Area

Cooperating with the Waterbury Chamber of Commerce, the Jewish Federation has assumed responsibility for carrying out part of the much-needed survey of the extent of losses from the recent floods suffered by business firms in the area. it was announced here this week. Federation staff members are conducting the survey among Jewish companies.

The purpose of the investigation will be to aid in processing the complicated system of allotting loans and outright grants to firms in need of assistance. Although the situation regarding grants remains confused, the ultimate hope is to be able to channel some grants through local and national groups whose constitutions have provisions for making such assistance available.

Statistics gathered to date show that a total of 92 Jewish-owned firms in Waterbury, Naugatuck and the surrounding area suffered extensive flood losses. Of this total, it was revealed, five companies will be unable to resume business and their people must find other means of livelihood. Nine large firms and 30 small-size business establishments were so badly affected that their flood losses constitute a serious problem to their future operations.

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