New Bedford Announcement Reminder: ARPS and Cares Act Money is Still Available
New Bedford Mayor Jon Mitchell’s announcement May 13th of a major funding opportunity is a reminder for all SCORE RI mentors and clients that CARES and American Rescue Plan Act money and awards are still available and can be applied for.
The New Bedford City Council recently approved nearly $65 million in ARPA funding. Mayor Mitchell announced that grants with a matching component will be available from as little as $100,000 to $400,000 for arts and cultural projects to revitalize buildings, equipment and outdoor spaces.
Recognizing that cultural facilities in New Bedford generates economic activity that supports small businesses and are “economic anchors in their neighborhoods”. Mitchell said, “We want to accelerate their emergence from the pandemic by helping them upgrade their buildings and grounds.”
Our Southcoast SCORE Mentor Dennis Callanan alerted us about other resources for New Bedford businesses since we first posted.
- The New Bedford Economic Development Council has been awarded one of two SBA Community Navigator grants in the state of Massachusetts. NBEDC Executive Director, Derek Santos has pledged to provide grants up to $10,000 to assist up to 100 NB start-up businesses over the next two years. (nbedc.org)
- Another resource is SourceLink New Bedford that provides information on organizations and programs to assist the New Bedford Small Business Community. (https://newbedfordsourcelink.com/)
Details on the terms and conditions of the New Bedford grants announced by Mayor Mitchell are available on the New Bedford government website - https://www.newbedford-ma.gov/community-development/loans-grants/. To express interest in grant money contact via email through this link: www.newbedford-ma.gov/arpa.
For more than 50 years, SCORE has helped more than 11 million aspiring entrepreneurs and small business owners through mentoring and business workshops. More than 11,000 volunteer business mentors in more than 300 chapters serve their communities.
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