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Trump signs order seeking to end federal funding for NPR and PBS; NY immigrant wrongfully sent to El Salvador 'supermax' prison; PA 'Day of Action' planned for higher minimum wage, immigrants' rights; New bill in Congress seeks to overturn CA animal welfare law.

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National Security Advisor Mike Waltz is leaving that job to become UN ambassador, bipartisan Arizona poll finds Latino voters dissatisfied by Trump's first 100 days, and Florida mass deportations frighten community members.

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Rural students who face hurdles going to college are getting noticed, Native Alaskans may want to live off the land but obstacles like climate change loom large, and the Cherokee language is being preserved by kids in North Carolina.

Connecting NH Minority-Owned Businesses with Capital, Advice

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Wednesday, February 23, 2022   

The goal of a program through the Community Loan Fund is to connect with and support more minority-owned businesses in New Hampshire.

The Community-Driven Economic Empowerment Initiative is a pilot program, launched to increase access to technical assistance, training and loans for Black and Brown business owners.

Zachery Palmer - community business lender with the Community Loan Fund - said many businesses may not be in need of a loan or access to capital, but might be looking for advice, or the chance to help create a network of minority-owned businesses in the state.

"It's really important to have representation," said Palmer, "specifically for new Americans and people of color, who are essentially a generation or two behind from their white counterparts in knowing what is out there for assistance, and having a great relationship with your bank, and your CPA and lawyers, et cetera."

New Hampshire's population is more than 90% white, and Palmer said even though that is slowly changing over time, BIPOC business owners don't encounter many people at financial firms and banks who look like them.

James McKim, president of the Manchester branch of the National Association for the Advancement of Colored People, said it's important that business owners themselves are identifying the needs in their communities.

"How we could truly bring the resources needed for businesses to be successful to minority-owned businesses," said McKim, "who are not tied into the business and the economic development ecosystem of the state, and of their communities."

An analysis by the Federal Reserve Bank of New York found Black and Brown businesses were much harder hit in the early months of the pandemic - Black-owned small businesses experienced a 41% drop.

Even so, only 20% of loans from the Paycheck Protection Program reached areas with a high concentration of Black-owned companies.






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