Grants and Resources for Small Businesses
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Grants Of Up To $15K For Restaurants - EXTENDED
The Local Restaurant Infrastructure Investment program for NH restaurants has been extended. Awards are available to local restaurants seeking reimbursement for eligible equipment, infrastructure, and technology purchases up to $15,000 per location. It is available to small food service establishments that are physically located in New Hampshire, provide indoor dining, and meet all the eligibility criteria.
If a restaurant has applied and was awarded a sum less than the $15,000 cap, they can now re-apply for an additional award up to the cap amount.
Deadline: March 15, 2023, at 4:00 P.M.
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Employee Retention Credit (ERC) - Claim Up To $5k in 2020 and Up To $21,000 in 2021 Per Employee
The Employee Retention Credit (ERC) is a refundable tax credit for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from 2020 and the first three quarters of 2021*. Eligible employers can claim the ERC on an original or adjusted employment tax return for a period within those dates.
*Recovery startup businesses are also eligible for the ERC in the fourth quarter of 2021.
Credit Maximums:
- The ERTC is worth up to $5,000 per qualifying employee in 2020.
- In 2021, this increased to $7,000 per employee per quarter (for a total of up to $21,000 per employee for 2021).
If you have any questions or need guidance regarding the credit, contact a Small Business Development Center (SBDC) advisor for free and confidential support.
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Bangor Savings Bank Grants for Nonprofits Ranging From $2k Up To $25k
The Bangor Savings Bank Foundation is currently offering grants ranging from $2,000 to $5,0000 and from $5,001 up to $25,000. The foundation focuses its philanthropic efforts on improving regional and statewide economies, in addition to lending support to applications in the following areas:
- Education
- Social Civic Services
- Arts and Culture
- Health and Wellness
General Guidelines:
- Awards will include support for program development as well as for new and expanded facilities and equipment.
- Grant awards are generally limited to the market areas served by Bangor Savings Bank.
- Grant recipients must demonstrate 501(c)(3) status, a need for private financial support, and a direct relevance to the Foundation's areas of giving interest.
Deadline:
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July 1st and January 1st for the $2,000-$5,000 grants, results generally announced within 45 days
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April 1st and October 1st for the $5,001 to $25,000 grants, results generally announced within 75 days
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Eversource Energy Foundation Grants for Nonprofits of Up To $10,000
The Eversource Energy Foundation awards charitable grants and sponsorships for programs and events in communities they serve to organizations that support one or more of the following focus areas:
- Community Wellness and Basic Human Needs
- Education
- Clean Energy and Environmental Stewardship
- Diversity, Equity and Inclusion
- Economic, Community and Workforce Development
Eligibility:
- Must be based within Eversource's service territory
- Must have a 501(c)(3) designation
- Cannot be a private foundation
Award Amounts: $2,500 - $10,000.
Deadline: April 11; July 11; October 10*
*Grant requests are reviewed three times a year. Funding requests must be submitted at least 90 days in advance. Applicants will be notified of the decision approximately three weeks after the deadline.
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Grants for Nonprofits - The Madelaine G. von Weber Trust
The Trust funds worthy charitable projects throughout New Hampshire that will have a lasting effect on the state and its residents. Applicants for this grant should demonstrate good governance, a sustainable program, strong community/board of trustees support, a track record of valuable service to the community, and a compelling rationale for why the requested funds are needed. To learn more about what proposals have been funded in the past, visit this link.
Eligibility:
- Must be a New Hampshire-based 501(c)(3) nonprofit organization
- Areas of interest include Environmental and Conservation Initiatives, Music and the Arts, and Social Services.
Deadline: April 15 and October 15, 2023
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2023 WomensNet’s Grants Of Up To $35k
Women business owners can get up to $35,000 in grants from WomensNet in 2023. This organization offers a variety of grants, including:
- A $10,000 Amber Grant every month to a woman entrepreneur
- An additional annual $25,000 Amber Grant to one of the preceding 12 monthly Amber Grant winners
- A $10,000 grant every month to a “Business Category” entrepreneur. The categories for the upcoming months include:
Food and Beverage (March)
Sustainability (April)
Mental & Emotional Support (May)
Business Support Service (June)
- One of the monthly “Business Category” grant recipients will also receive an additional $25,000 Year End Grant.
There is a one-time $15 application fee. Only one application is required to be eligible for multiple grants.
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Do you know someone who makes or offers a unique product or service in NH?
The Made in NH Expo is currently accepting vendor applications for the 2023 show. This expo showcases the wide variety of products and services made right here in the Granite State. Now in its 26th year, the Expo offers exhibitors a great opportunity to meet thousands of buyers.
Vendor Registration Deadline: March 24, 2023
Show Location: DoubleTree by Hilton (Manchester)
Expo Dates: April 14-15-16, 2023
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Tax Resources For Small Businesses
Small Business Tax Workshop: This virtual workshop, created by the IRS, is designed to help small business owners understand and meet their federal tax obligations.
Tax Reform Provisions That Affect Businesses: As the IRS implements this major tax legislation, check this page for updates and resources to learn how the Tax Cuts and Jobs Act (TCJA) affects businesses.
Small Business Development Center Advisors: Set up a free consultation with an SBDC-certified business advisor who can provide you with highly individualized, confidential advising at no charge to NH enterprises.
IRS Hotline for Small Businesses: The IRS has a business telephone line available for business owners. Call 800-829-4933 for questions and assistance!
2022 Filing Season Presentation: On March 22, 2023, join the IRS for this free filing season updates presentation and discussion sponsored by IRS Stakeholder Liaison Office.
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Do you have questions about resources, funding opportunities, or any other business-related support?
Please reach out to us!
We can offer assistance or connect you with one of our many small business partners, including:
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