CONCORD — The N.H. Community Development Finance Authority (CDFA) has approved a Community Development Block Grant (CDBG) award of nearly $500,000 to a group of economic development organizations that offer services and programs for microenterprises. The organizations work with low- and moderate-income people who either own or want to start up a micro-business.
The grant was made to Grafton County, which will oversee implementation of the awards, then subgranted to five programs.
Included on the list of recipients was the Enterprise Center of Plymouth, which received $86,452 for training and technical assistance programs. A partnership between the Grafton County Economic Development Corporation and Plymouth State University, ECP will offer programs on topics such as lending advice, workshops on business skills, and one-on-one counseling for microenterprises that demonstrate promise for success. The award will allow ECP to staff and market their training programs, and benefit at least 35 entrepreneurs in Grafton and Belknap counties in the next year.
The grant awaits final approval from the Executive Council.