HomeBusiness LoanNeighborhood Navigator Program: Serving to Underserved Entrepreneurs Succeed

Neighborhood Navigator Program: Serving to Underserved Entrepreneurs Succeed

The American Rescue Plan Act of 2021 (ARPA) was the Biden-Harris Administration’s response to the non-public, medical, and financial hardships that hundreds of thousands of People confronted because of the COVID-19 pandemic. ARPA is liable for creating applications designed to assist people and companies overcome these hardships—one such program is the Neighborhood Navigator Pilot Program. We’ll be exploring what this system is and the way it helps underserved and underrepresented small enterprise homeowners—extra importantly, we’ll be discussing why that issues. 

In regards to the Neighborhood Navigator Pilot Program

The Neighborhood Navigator Pilot Program makes use of a community-oriented strengths-based method to enterprise assist and improvement. Which means this system is designed to supply assets and data that connects small companies in want with the assets and advocates crucial to assist them overcome the hardships they’ve been encountering within the wake of the COVID-19 pandemic. Reviews confirmed that underrepresented and underserved small companies and enterprise homeowners—minority enterprise homeowners, veterans, and ladies, members of the LGBTQ+ neighborhood, and extra—have been disproportionately impacted by the financial penalties of the pandemic, and motion wanted to be taken to supply equitable entry to restoration providers.

This system consists of 51 federally designated “hub” organizations which have affiliations with further “spoke” organizations that function boots-on-the floor assets and advocates for small companies. The hub and spoke mannequin intends “to leverage partnerships with deeply trusted community-based organizations to assist small companies navigate authorities assets and faucet into vital assets,” based on the U.S. Small Enterprise Administration (SBA). 

Companies and assets out there to small companies by the Neighborhood Navigator Pilot Program embrace—monetary help, contract procurement assist, enterprise improvement steerage, funding for trade particular coaching, and extra.

Let Development Capital Assist

As with all the opposite SBA applications, Development Capital is right here that can assist you make sense of the supplies out there to you. We’d love to debate the Cleveland Neighborhood Navigators Program and whether or not or not you and your small enterprise qualify for the help it offers. Even when this program seems to not be what you’re in search of, we’ll be there that can assist you work out one other path to take! Contact us at this time to begin the dialog!



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