Additional Gift is to Focus on Funding for Entrepreneurship & Small Business
NORWICH, Connecticut (December 10, 2018) – The Chelsea Groton Foundation recently presented a grant donation of $100,000 to NCDC’s Global City Norwich program, to be used specifically for assisting multicultural entrepreneurs and small business owners who are interested in occupying storefront spaces in the Downtown area, or who currently own businesses and are looking to grow.
Funds will be used to identify and train entrepreneurs, build partnerships in order to help entrepreneurs find appropriate storefront spaces and funding for their businesses, and create a thriving downtown environment that will ensure increased traffic in area businesses.
“Since the launch of Global City Norwich, we’ve already seen a positive impact on the Norwich community. People came out in droves for the festivals that were hosted this summer and fall. Now, the Chelsea Groton Foundation is thrilled to give another grant to Global City to really focus on developing and assisting multicultural entrepreneurs and small business owners, an area that’s very important to us,” shared Michael Rauh, President and CEO of Chelsea Groton Bank and President of the Chelsea Groton Foundation. “Small business activity is critical to the success of any downtown area, and it will be no different in Norwich. There are incredibly talented entrepreneurs and small business owners in Norwich and the surrounding areas, and we’re looking forward to supporting them through this grant.”
“We believe our business community should be a reflection of our diverse and vibrant community. The Global City Norwich program is focused on removing the barriers to entrepreneurship through collaborations, business education and shared resources. The talent and our future business leaders live amongst us and this program lends to pave the road to business ownership,” explained Bob Mills, President of NCDC.
The first grant presented by the Chelsea Groton Foundation was to assist with the launch and development of Global City Norwich, a multi-cultural program that brings people together to participate in rich, diverse, multicultural experiences that the residents of Norwich and its surrounding communities have to offer.
To view parts of the grant presentation, and to gain a better understanding of the positive impact Global City Norwich has and will continue to have on area business owners, watch this video.
About the Chelsea Groton Foundation
The Chelsea Groton Foundation was formed in June 1998 as a Section 501(c) (3) organization. Initially endowed with a $2 million donation from Chelsea Groton Bank, and recently gifted an additional $5 million from the Bank, the Foundation has, to date, awarded over $3.2 million in grants to hundreds of scientific, educational and charitable organizations located within the Bank’s market area. To learn more, visit www.chelseagroton.com/CGFoundation.
About NCDC / Foundry66
NCDC is a private 501(c) (3) development corporation founded to improve the economic condition of Norwich, its Downtown, waterfront and Business Park. Foundry66 is a co-working space dedicated to helping create and support microenterprise businesses in the area. To find out more about us and our mission, please visit www.askncdc.com and www.foundry66.com.