Dover NH CARES grant plan appears to assist modest companies

DOVER — The town had results encouraging organizations with loans to assist with the issues of the coronavirus pandemic in 2020. Now it is giving a complete of 14 grants worth $3,000 to tiny businesses. There haven’t been a lot of corporations searching for the grants yet, so the city is on the lookout to spread the phrase.

The metropolis launched the Dover CARES (Coronavirus Assist, Reduction and Economic Assist) program in April 2020, as a way to deliver CARES Act relief pounds to suitable taxpayers, people, companies and nonprofits impacted by the pandemic. 

At initial this provided assets tax reduction, money assistance, sources for housing and meals, prolonged payment designs for water and sewer utilities, waived service fees, and loans for small organizations. Through the Dover Small business Cares Bank loan Method, the city delivered fiscal assistance, in the volume of $5,000 each and every, to 12 corporations past yr. Seven of the businesses repaid the financial loans now, securing 10% forgiveness, in accordance to the town. Parker stated this provided dining establishments from across the board, from restaurants like Ember Wood Fired Grill to service companies like hair salon Amour 24, tattoo store Rutland Studios and RSP Studio Custom made Framing.

“On the business facet, we have found favourable responses from individuals who utilized the funds,” Assistant Metropolis Manager Chris Parker stated. “They were being able to temperature the storm to get to the place they are at right now.”

New software presents $3,000 now

The metropolis is offering a new Dover CARES reduction grant application qualified to assistance little and expanding firms by means of grant funding, alternatively of the mortgage method it applied beforehand.