Long-term assistance for small businesses affected by Hurricane Sandy is being made available through expanded funding to the U.S. Small Business Administration’s (SBA) resource partners working in conjunction with state and local organizations.
“SBA is working to harness the ingenuity of our local communities to make sure that we’re not only rebuilding, but building smarter,” said SBA Administrator Karen Mills in a release. “This funding will provide extensive collaborative services to help small businesses recover and rebuild from Hurricane Sandy, so they can do what they do best, grow the local economy and create jobs.”
SBA’s resource partners will issue a total of $13.1 million to collaborative teams, which will integrate local economic recovery efforts and bring distinct delivery of business services.
This second phase of funding, part of $19 million in emergency appropriations approved by Congress, will be distributed by SBA’s resource partners – the Small Business Development Centers (SBDCs), SCORE, and Women’s Business Centers (WBCs) – to collaborative teams in 11 states and a U.S. territory.
SBA anticipates awarding grants to the Center for Women & Enterprise totaling $375,00 to be the lead coordinator in Rhode Island and Massachusetts to provide integrated training and consulting services to affected business owners. CWE’s collaborative partner is SCORE.
Small businesses recovering from the physical and economic impact of Hurricane Sandy can get counseling and training services and recovery assistance from these collaborative teams. Businesses are encouraged to take advantage of these services and can locate the nearest SBA resource partner at www.sba.gov/tools/local-assistance.
SBA makes low-interest, taxpayer-backed disaster loans to homeowners, renters, businesses and non-profit organizations of all sizes. More information about the disaster assistance program is available at www.sba.gov/disaster.