Governor Chris Sununu announced on Friday the formation of the Main Street Relief Fund – $400 million from the CARES Act to provide financial relief to New Hampshire small businesses due to the economic disruption caused by COVID-19.
In order to provide the most effective relief as quickly as possible, New Hampshire small businesses will first be required to provide information concerning their possible COVID-19-related lost revenues and receipt of Paycheck Protection Program (PPP) loans or any other federal relief. This information will be used to determine elegibility and amounts to meet the needs of small businesses, including whether the initial $400 million is appropriate or needs to be changed.
The prequalification application can be found here. The deadline to submit completed prequalification form is May 29, 2020.
Following the mandatory prequalification period, the Governor's Office for Emergency Relief and Recovery (GOFERR) will review all information received and quickly determine relief criteria and amounts that effectively meet the needs of as many New Hampshire small businesses as possible. The specifics of this funding opportunity will be announced on June 1, 2020, and any eligible businesses will need to submit a formal application within one week, by June 8, 2020.
Amidst the sea of change to which the New Hampshire Association of REALTORS has played witness in its 85 years, one thing that has remained constant is the Realtor 'R' and the value we bring to every real estate transaction in which we take part. We are part of a unique community where our familial cooperation transcends our business competition. These are not mere platitudes, but our living ideals, and they are, in fact, the foundation on which we conduct ourselves in our day-to-day affairs.
Marc Drapeau, 2020 President, New Hampshire REALTORS