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Apply for NBForward! and NB100! funding from NBEDC

July 11, 2022

The New Bedford Economic  Development Council (NBEDC) has launched NBForward! and NB100! – two new funding  programs to help finance the dreams of existing and aspiring small businesses in the City of  New Bedford. 

NBForward! will provide funding to existing New Bedford businesses still suffering negative  effects of the pandemic. NB100! will focus on assisting early-stage entrepreneurs affected  because of their industry or location.

Information and applications for eligible businesses and  entrepreneurs can be found here.

NBForward! will offer at least 100 grants of up to $20,000 in conjunction with matching loan  financing from other, non-ARPA sources, and with payments deferred for three months – along  with technical assistance including business planning, resource guidance, and best  practices. This program provides resources for businesses to get through the challenges of  the next phase of our pandemic recovery, while looking toward investing in and preparing for,  greater future success.

NB100! aims to promote entrepreneurship, grow local wealth, and strengthen community  bonds by helping 100 new businesses get off the ground while having positive impacts on  New Bedford’s neighborhoods.

The new programs are made possible through the US Small Business Administration (SBA) Community Navigator Program supported by the City of New Bedford’s American  Rescue Plan Act (ARPA) funding package. In total, $3.3 million in funding is being made  available to support local businesses and entrepreneurs.