Senate Commerce Adopts SB 107, Advances Financial Assistance for Businesses Affected by the COVID-19
Contact Name: Marina Altschiller
Phone: (603) 271-3207
CONCORD – Today, the Senate Commerce Committee adopted SB 107, relative to financial assistance for businesses affected by the COVID-19 pandemic. If enacted, SB 107 would expand access to federal relief funds for new small businesses that have been affected by the pandemic.
After the vote, Senator Rebecca Perkins Kwoka (D-Portsmouth) issued the following statement:
“When GOFERR created the Main Street Relief Fund last year, it was specifically designed to assist small businesses impacted by the COVID-19 pandemic. Unfortunately, in an unintended consequence of its design, newer small businesses weren’t able to take advantage of this program. This cut out a large segment of our small businesses, which are filling new needs and creating new jobs in our communities. SB 107 will make sure these newer businesses can access any future discretionary federal relief funds coming to the state, regardless of their date of establishment.”