September 26, 2021

Morning News

This Business? You Bet

Dover NH CARES grant method appears to be like to enable tiny firms

DOVER — The town had results encouraging corporations with loans to support with the problems of the coronavirus pandemic in 2020. Now it is giving a full of 14 grants worth $3,000 to compact organizations. There have not been numerous businesses searching for the grants still, so the metropolis is looking to distribute the word.

The metropolis released the Dover CARES (Coronavirus Assist, Aid and Financial Aid) program in April 2020, as a way to deliver CARES Act relief dollars to qualified taxpayers, people, organizations and nonprofits influenced by the pandemic. 

At 1st this incorporated property tax relief, monetary assistance, resources for housing and food items, prolonged payment ideas for h2o and sewer utilities, waived fees, and financial loans for compact organizations. Through the Dover Company Cares Personal loan Application, the metropolis furnished fiscal assistance, in the amount of money of $5,000 each and every, to 12 organizations very last 12 months. Seven of the businesses repaid the financial loans currently, securing 10% forgiveness, according to the city. Parker reported this bundled dining places from throughout the board, from eating places like Ember Wood Fired Grill to services providers like hair salon Amour 24, tattoo store Rutland Studios and RSP Studio Custom made Framing.

“On the business enterprise side, we have found good responses from people who utilized the cash,” Assistant Metropolis Supervisor Chris Parker said. “They had been capable to climate the storm to get to wherever they are at nowadays.”

New plan provides $3,000 now

The city is offering a new Dover CARES relief grant program specific to support tiny and escalating companies by way of grant funding, as a substitute of the loan software it utilized earlier.