Community Development Finance Authority

Chris Jensen for NHPR

  Grants totaling about $750,000 to help small businesses in most of the state have been approved by the New Hampshire Community Development Finance Authority.

The money will go to seven economic development organizations.

It will be used to help micro-businesses get the technical assistance they need to either start or grow.

Typically a micro business has no more than five employees.

The businesses must have low or moderate-income owners.

The New Hampshire Community Development Finance Authority has awarded grants to three North Country towns – Stewartstown, Errol and Pittsburg – as well as Coos County and the city of Berlin.

And, the total of $2 and one-quarter million dollars is the most the North Country has received since the program began roughly thirty years ago, says Kevin Flynn, an official with the agency.

The money will go for work including repairs to water systems and low-income housing.

The grant money comes from the US Department of Housing and Urban Development.