WASHINGTON – U.S. Senators Jeanne Shaheen (DN.H.) and Maggie Hassan (DN.H.) and U.S. Representatives Annie Kuster (DN.H. and Chris Pappas (DN.H.) applauded the Small Business Administration according to which the The New Hampshire Community Development Finance Authority has received $ 2.5 million. Funding comes from the SBA Community Navigator Pilot Program, which provides funding to organizations that support small businesses and local establishments in poor communities. served to stimulate economic recovery.
âThe financial fallout from the pandemic has decimated New Hampshire’s small business community, with those in rural and underserved areas particularly hard hit. Empowering local entrepreneurs must be a top priority as we turn the page on this crisis, and that is precisely what the Community Navigator pilot program is doing, âShaheen said. âI am very pleased that the Community Development Finance Authority of New Hampshire has been selected to receive $ 2.5 million to continue their important frontline work in providing assistance to struggling businesses.
âThis funding in New Hampshire is a huge win for small businesses, especially those in rural and underserved communities in our state,â Hassan said. âAs we strive to recover from the pandemic, it is more important than ever that our small businesses and entrepreneurs get the support they need to thrive. “
âGranite State small businesses are the lifeblood of the New Hampshire economy, and I am delighted to see the Community Development Finance Authority receive $ 2.5 million in federal funding to strengthen their work in providing services to small businesses. businesses in our state, âKuster said.
âThe Community Navigator Pilot Program provides New Hampshire with an important opportunity to better support underserved people and communities by building capacity and coordination within our community economic development ecosystem. This initiative builds on years of dedicated work by technical assistance providers to small businesses statewide and will intentionally focus on reducing barriers to accessing resources. We look forward to working with the US Small Business Administration and our many colleagues in New Hampshire to deploy Community Navigator pilot program funds to support entrepreneurs throughout Granite State, âsaid Katherine Easterly Martey, Executive Director of the Community Development Finance Authority of New Hampshire.
The SBA Community Navigator pilot program was designed to remove barriers and level the playing field for small businesses, targeting businesses owned by veterans, women, and members of rural and communities of color. The program provides $ 100 million to 51 organizations that work with local groups to link government resources to entrepreneurs across the country. This assistance includes access to capital and finance, procurement and procurement, marketing and business development, and industry training.