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Apply for NBForward! and NB100! funding from NBEDC
July 25, 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.