North Shore CDC 2020 Annual Report
Take a look back at the incredible work we were able to accomplish in 2020; from the distribution of over $78,000 in COVID relief funds to community members to assisting small businesses with their PPP, loan, and grant applications, and so much more. We couldn't have done this work without our community of supporters, so thank you!
Take a look back at the incredible work we were able to accomplish in 2020; from the distribution of over $78,000 in COVID relief funds to community members to assisting small businesses with their PPP, loan, and grant applications, and so much more. We couldn't have done this work without our community of supporters, so thank you!
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SMALL
BUSINESS
Mural by Anthony Marest
ABOUT OUR WORK
North Shore CDC’s Small Business Technical Assistance (SBTA) program provides free one-on-one consulting and technical
assistance services, with a focus on immigrant-, women- and BIPOC-owned businesses. We offer technical assistance on
marketing, financial analysis, customer analysis, digitization, funding resources, time management, and much more. These
services also include industry-specific workshops, trainings, and focus groups and a Retail Incubator Space.
In response to the pandemic, our efforts shifed to support small business partners with financial resources like the Paycheck
Protection Program (PPP) and other loan and grant applications. Through our Passport Program, we were able to leverage
funds to provide financial support to 6 Point neighborhood bodegas and restaurants that in turn supplied the most vulnerable
residents in the community with food, cleaning supplies, personal care items, and more. Additionally, we worked closely with
a collaboration of financial intitutions, local and state government, foundations, nonprofits, and community businesses to
develop the Salem Small Business Loan Fund, a $1 million loan fund dedicated to Salem small businesses unable to access
loans from traditional intitutions.
2020 ANNUAL REPORT | 7
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