Merrimack Valley Planning Commission Receives $400,000 Fed Grant to Help Small Businesses

Theresa Park, executive director of the Merrimack Valley Planning Commission. (Courtesy photograph.)

The Haverhill-based Merrimack Valley Planning Commission is receiving $400,000 in federal CARES Act money to help small businesses respond to challenges created by the COVID-19 pandemic.

The grant, announced Thursday by Congresswoman Lori Trahan, comes from the U.S. Economic Development Administration.

“Communities throughout the Merrimack Valley continue to feel the economic burden of COVID-19. I’m proud to announce this CARES Act funding to support the Merrimack Valley Planning Commission efforts to fuel an economic comeback for small businesses and industries throughout the region,” Trahan said in a statement.

Merrimack Valley Planning Commission Executive Director Theresa Park said, “The economic fallout of COVID-19 has been devastating for the region, particularly for small businesses. This funding will support the important economic recovery and resiliency efforts necessary in building a stable and more equitable economy. Strong partnerships are necessary for building an economy that works for people.”

Trahan supported passage of the CARES Act in late March to deliver $2.2 trillion in relief to working families, emergency personnel, small businesses and state and local governments. The legislation included $1.5 billion for economic adjustment assistance through the EDA to help revitalize local communities who have suffered losses because of the pandemic. EDA assistance can be used to help rebuild impacted industries such as tourism or manufacturing supply chains, capitalize local funds to provide low-interest loans to businesses of all sizes, and support other locally-identified priorities for economic recovery.

Trahan used the opportunity to press for passage of additional federal aid. “…our cities and towns continue to be in desperate need of additional financial assistance to weather this crisis and re-open schools. The Senate must end their pause and come back to Washington to pass the Heroes Act without delay,” she said.

Comments are closed.