Entrepreneurship For All Inc

FY 22 CONGRESSIONAL COMMUNITY PROJECT FUNDING CONGRESSIONAL EARMARK ENTREPRENEURSHIP FOR ALL

THIS EDA INVESTMENT SUPPORTS ENTREPRENEURSHIP FOR ALL, INC. WITH PROVIDING TECHNICAL ASSISTANCE FOR ENTREPRENEURS IN THE CITY OF HAVERHILL TO SUCCESSFULLY LAUNCH AND GROW THEIR BUSINESSES AND FOR EXISTING SMALL BUSINESSES TO STABILIZE THEIR OPERATIONS AND SET A COURSE FOR SUSTAINABILITY IN ESSEX COUNTY, MASSACHUSETTS. THE LONG-TERM ECONOMIC DISTRESS OF THE REGION AND THE ACCELERATED JOBLESSNESS AS A RESULT OF THE COVID-19 PANDEMIC HAS SEVERELY IMPACTED ECONOMIC DEVELOPMENT IN THE AREA. THE PROJECT WILL ADDRESS THE NEEDED SUPPORT FOR ENTREPRENEURS AND SMALL BUSINESSES BY REMOVING BARRIERS THAT RESTRICT GROWTH IN THE CITY. IN ADDITION, THE PROJECT WILL HELP PROMOTE AN INCLUSIVE ENTREPRENEURIAL CULTURE IN THE CITY TO ENSURE THAT THE BUSINESSES THAT ARE LAUNCHED ARE DIVERSE IN TERMS OF THEIR OWNERSHIP, PRODUCT LINE, AND CLIENT BASE, AND THAT THEY BEST SERVE THE DIVERSE NEEDS OF THE HAVERHILL COMMUNITY, WHICH WILL HELP FURTHER ECONOMIC DIVERSIFICATION THROUGHOUT THE REGION.

THIS AWARD APPROVES SUPPORT GRANT FUNDING FOR A FIRST-YEAR SPONSOR DURING FISCAL YEAR 2024. FUNDS WILL ONLY BE UTILIZED FOR COSTS ASSOCIATED WITH SUPERVISION, BENEFITS, CRIMINAL HISTORY CHECK EXPENSES, AND SUPERVISOR TRAVEL FOR SITE VISITS AS DESCRIBED IN THE BUDGET NARRATIVE AND APPROVED PROJECT APPLICATION. THE GRANTEE SHALL BE ENTITLED TO REIMBURSEMENT FOR COSTS INCURRED ON OR AFTER 4/7/24. ALTHOUGH THE NOTICE OF GRANT AWARD WAS NOT SIGNED BY THE START DATE THE GRANTEE IS APPROVED FOR COSTS INCURRED ON OR AFTER THE START DATE OF THE GRANT.