REDC has been awarded $30,000 to provide mini grants of up to $2,000 to small businesses who have been greatly affected by the COVID-19 pandemic. These grants were made possible through statewide funding by The NH Nonprofit Response Fund, which were distributed throughout the state in a competitive grant process administered by the NH Community Development Finance Authority (CDFA).
Fifteen small businesses that REDC serves were selected to receive mini grants. Along with a mini grant, each business will also receive technical assistance from REDC to best leverage the use of the funds. These funds will help with existing expenses such as rent, payroll, working capital, and utilities, all costs that have been impacted through loss of business due to COVID-19.
"We are so honored to be able to award grants to small business who are in critical need of funds to get through this difficult time. Thank you to all who have supported the NH Nonprofit Response Fund for making these grants possible," stated Laurel Adams, REDC President. "Along with these mini-grants, REDC has been working to provide disaster loans to aid clients who have been most impacted by COVID-19. We are committed to helping small businesses survive and return stronger than ever as our state begins to open up again."
To learn more about crisis resources from REDC and its partners, please visit our Crisis Resources page.