North Country: Funds Available To Help Small Businesses

Jun 8, 2015

Credit Chris Jensen for NHPR

    

A federal grant is allowing small companies in the North Country to get some financial help to develop their businesses, says Karl Stone, the spokesman for the Northern Community Investment Corporation

Stone said a total of $30,000 is available for projects including education, training, marketing, sales, finance, accounting and website development.

Under the program the federal funds will cover 70 percent of a project and the business owner must contribute 30 percent.

A small businesses is defined as having fewer than 50 employees and less than $1 million in gross profit a year. The money is available in Coos, Carroll and Grafton Counties.

The funds are coming through the United States Department of Agriculture's Rural Business Enterprise Grant (RBEG) Program. 

Additional information and applications are available from Mike Welch, N.C.I.C. Project Manager at 802-748-5101 ext. 2025 or mwelch@ncic.org.