October 30, 2021
(Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH) and U.S. Representatives Annie Kuster (NH-02) and Chris Pappas (NH-01) at present applauded an announcement from the Small Enterprise Administration (SBA) that the New Hampshire Neighborhood Growth Finance Authority (CDFA) was awarded $2.5 million. The funding comes from the SBA Neighborhood Navigator Pilot Program, which supplies funding to organizations that assist small companies and native institutions in underserved communities to spice up financial restoration. Senator Shaheen wrote a letter in assist of the NHCDFA’s software, which is offered here.
“The monetary fallout from the pandemic decimated New Hampshire’s small enterprise group, with these in rural and underserved areas notably laborious hit. Empowering native entrepreneurs have to be a prime precedence as we flip the web page on this disaster, and that’s exactly what the Neighborhood Navigator Pilot Program does,” stated Senator Shaheen. “I’m so happy that New Hampshire’s Neighborhood Growth Finance Authority has been chosen to obtain $2.5 million to proceed its vital work on the frontlines delivering assist to struggling companies. I’m dedicated to securing the assets our enterprise group must drive our financial restoration throughout the Granite State.”
“This funding to New Hampshire is a big win for small companies, notably these in rural and underserved communities throughout our state,” Senator Hassan stated. “As we work to get better from the pandemic, it’s extra vital than ever that our small companies and entrepreneurs have the assist that they should thrive.”
“Granite State small companies are the nook stone of the New Hampshire economic system, and I’m thrilled to see the Neighborhood Growth Finance Authority obtain $2.5 Million in federal funding to bolster their work to offer providers to small companies in our state.” stated Rep. Kuster. “I used to be proud to assist cross the American Rescue Plan Act, which supplied funding to the Small Enterprise Administration to implement the Neighborhood Navigators Program to assist the small enterprise group develop and thrive.”
“This grant funding will present important assist to New Hampshire’s Essential Avenue companies as we proceed to work towards a full financial restoration,” stated Rep. Pappas. “The New Hampshire Neighborhood Growth Finance Authority helps companies hold their doorways open and staff discover new jobs, they usually additionally confront financial challenges like enhancing entry to inexpensive youngster care. I’m happy these federal funds will permit them to proceed aiding our enterprise group and financial growth efforts throughout New Hampshire.”
“The Neighborhood Navigator Pilot Program supplies New Hampshire a big alternative to raised assist underserved folks and communities by strengthening capability and coordination inside our group financial growth ecosystem. This initiative builds on years of devoted work by small enterprise technical help suppliers all through the state and could have an intentional concentrate on decreasing boundaries to accessing assets. We look ahead to working with the U.S. Small Enterprise Administration and our many New Hampshire colleagues to deploy Neighborhood Navigator Pilot Program funds to assist entrepreneurs throughout the Granite State,” stated Katherine Easterly Martey, Govt Director of New Hampshire’s Neighborhood Growth Finance Authority.
The SBA Neighborhood Navigator Pilot Program was designed to interrupt down boundaries and stage the taking part in area for small companies – concentrating on companies owned by veterans, girls and people from rural communities and communities of shade. This system supplies $100 million to 51 organizations that work with native teams to attach authorities assets to entrepreneurs throughout the nation. That help contains entry to capital and funding, contracting and procurement, advertising and marketing and enterprise growth and business coaching.