U.S. Department of Commerce invests $400,000 in CARES Act funding to boost business support in the Merrimack Valley
MVPC is proud to announce we have been awarded $400,000 in CARES Act funding. The funding, disbursed by the U.S. Economic Development Administration’s (EDA) CARES Act Recovery Assistance Program, will be used to support the small businesses and communities of the Merrimack Valley as they continue to respond to the COVID-19 pandemic. The EDA is a bureau within the U.S. Department of Commerce.
“Federal support is vital for the Merrimack Valley. The economic fallout of COVID-19 has been devastating for the region, particularly for small businesses. This funding will support the important economic recovery and resiliency efforts necessary in building a stable and more equitable economy. Strong partnerships are necessary for building an economy that works for people. MVPC is proud to partner with the U.S. Economic Development Administration to support the region,” said Theresa Park, Executive Director of MVPC.
MVPC recognizes that small businesses are the backbone of the local economy and they have been impacted most severely by the economic crisis. Additionally, small businesses tend to be locally owned and owned by women and people of color. We look forward to using these resources to bring technical assistance to those impacted businesses to help them get back on their feet. Protecting and growing our small business community is essential for creating a more resilient and equitable economy.
“As recovery programs are implemented, we will ensure an equitable distribution of and access to the forthcoming resources. Doing so will build a healthier and more resilient region.” said Nate Robertson, Community and Economic Development Planner at MVPC
Additionally MVPC will continue working with its regional partners on developing local economic development projects and updating the Merrimack Valley Comprehensive Economic Development Strategy.
Since 1959, the Merrimack Valley Planning Commission has been a leader in representing the residents of the Valley. MVPC’s mission is to promote the orderly growth and preservation of the region. We do this through transportation planning, environmental planning, economic development, and technical assistance to our member communities.”
