How is the program funded?
Although the program was passed by the NH Legislature and signed into law by Governor Hassan, no funds were allocated to administer the program. Through the first two years the number of interested individuals who have applied for and have been accepted into the Pathway program has been much more than anticipated, creating a large number of startup clients. The NH SBDC sought private sector help to support the program, and in early 2014 the Citizen’s Bank Foundation awarded $20,000 to support the program. The funding allows the NH SBDC to provide a part-time business advisor who is dedicated to the Pathway program.
In order to sustain the Pathway to Work program, starting in 2014 the NH SBDC applied for and has been awarded (twice, in 2014 and 2015) CDBG grants from the CDFA to support the Pathway to Work program statewide. Without this type of outside funding, it would be very difficult for the NH SBDC to provide its current level of advising services and educational opportunities to Pathway to Work participants.
The NH SBDC continues to seek additional funding to support this successful program.
"I believe the services I have received have been very useful and lead me to improve my approach to starting a viable business."