CEDC has a number of tools available to assist in the economic growth of Coös County. In addition to the resources listed below, the Board of Directors are active in promoting business growth and sustainable employment.
Coronavirus Impact Resources
Help and Resources for Our Business Community
We know many of you are facing a very stressful situation during the Covid-19 pandemic and are trying to figure out the best way to get your company through these challenging times. Below, we have outlined several business resources that may be helpful during this evolving time. We will get through this challenge together.
New Hampshire is making immediate and broad expansions to its unemployment benefits program. This will enable more people to access resources quickly and is information you can pass along to businesses and employees. This information is evolving, so we are bringing you what we know now and encourage you to keep checking New Hampshire Employment Security’s website for more details: LINK
Layoffs and business closures: If your business faces a potential layoff, the State of New Hampshire offers services through its Rapid Response program. Rapid Response is a comprehensive, collaborative and immediate initiative to respond to and mitigate layoffs and closures. Rapid Response benefits both employers and employees through services to workers who are laid off, as well as layoff aversion information for businesses.
The U.S. Small Business Administration (SBA) is offering a direct federal loan program to aid in recovery. Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred. Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. This is a direct program, meaning you will need to create an account and apply directly. More details: LINK
Public Health and Support: New Hampshire Department of Health and Human Services (DHHS) provides services to ensure the health and well-being of citizens during a layoff. Dislocated workers can discuss healthcare options, apply for food stamps, cash assistance, medical assistance, childcare and medical savings. Individuals can apply online at NHEasy or by calling 603-271-9700.
Employees experiencing layoffs: The State of New Hampshire offers a number of services for employees who have been laid off. New Hampshire Employment Security has a list of available services. Individuals will need to file for unemployment each week of temporary unemployment and this can and should be done online or by calling 603-271-7700.
Unemployment Benefits: Individuals who are unable to work or who have reduced hours due to the COVID-19 pandemic will have immediate access to unemployment benefits. Anyone in the following situations will now be eligible for state unemployment: If your employer temporarily closes due to COVID-19; Individuals that need to self-quarantine or are directed to quarantine at the instruction of a healthcare provider, employer or government official; Individuals that need to care for a family member that has COVID-19 or is under quarantine; Individuals that need to care for a dependent because of school closures, child care facility closures or other similar types of care programs; Self-employed individuals that are temporarily unable to operate their business because of any of the above listed situations will also be eligible. More details: LINK
Community Development Block Grants
CDBG Economic Development grants provide funds which create and retain employment, primarily for low and moderate income people. Business financing is provided through Regional Development Corporations (RDC) and other Economic Development Entities (EDE), or through public facility improvements to support economic development efforts. CEDC is the RDC for Coos County. The main goal in this category is to create jobs that provide good wages, benefits, and training programs.
Revolving Loan Fund
The Revolving Loan Fund (RLF) is intended for permanent working capital, fixed asset and gap financing needs for start-up and existing businesses located in Coös County. To be eligible for financing the business must be able to meet the SBA definition of a “small business”, demonstrate the capacity to repay the debt and show a creation or retention of jobs.
Business Technical Service Grants
Based on need and available resources, grants to support business technical assistance and training may be provided to qualified organizations.
Business & Economic Development Partners
CEDC is a economic development partner with all the organization list below:
Coös County – Official County Website
NH Community Development Finance Authority
NH Department of Resources and Economic Development
NH Employment Security – Economic + Labor Market Information Bureau
Plymouth State University – North Country Economic Index
NH Small Business Development Center
White Mountains Community College – Workforce Development
North Country Council – Regional Planning Commission
North Country Investment Corporation