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EDA reports uptick in small-business grants; approves community allocations
Summary
EDA staff reported 23 business grant applications since July with 20 funded; the board also approved quarterly community grants including $1,200 to the Dream Center’s Blacktop Basketball Youth Program and amended the agenda to add allocations.
The Portsmouth Economic Development Authority heard a quarterly update on its business investment and acceleration grants and approved a pair of community allocations during its Feb. 18 meeting.
Autumn Bailey, the EDA staff member who oversees business development grants, told commissioners the EDA received 23 applications since July and has approved and funded 20 of those grants to date. Bailey said a significant share of awardees were small, women- and minority-owned businesses: “We had seven woman-owned, Black businesses that all received the…
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