NPHS Stimulates Local Economies
NPHS’ programs and services are strengthening our local and regional economies. In 2015, our programs and services generated over $54 Million in direct investments into our local economy while creating 152 jobs throughout the Inland Valley. As demand grows for our social enterprise programs, and more underserved entrepreneurs and small business owners utilize our economic development services, NPHS advances the economic resiliency of our communities by supporting the creation and preservation of jobs.
NPHS has developed three economic development initiatives engineered to help underserved entrepreneurs and small businesses grow, thrive and succeed.
Commercial Real Estate Pilot Program for Entrepreneurs and Small Businesses: NPHS offers commercial real estate services designed to address the unique needs of underserved entrepreneurs and small business owners. The program offers commercial real estate services to women, veteran, minority-owned businesses and community organizations seeking to lease or purchase commercial property to successfully launch or expand their services. The program is especially geared to help entrepreneurs and small businesses utilizing Small Business Administration (SBA) financing or a microloan to purchase or lease commercial property for enterprise startup or expansion. As a licensed commercial real estate brokerage, NPHS ensures that property acquisitions and lease negotiations are in alignment with helping emerging entrepreneurs and nonprofit organizations become sustainable as part of their organizational growth. Click here for more information.
Business Opportunity Loan Program: In partnership with a network of CDFI nonprofit lenders, NPHS has launched the Business Opportunity Loan Program providing small business owners access to microloans and revolving loan funds. The microloans range from $2,600 to $50,000 for working capital, equipment, vehicles, and more. Loans from the revolving loan fund range in size from $100,000 to $500,000 and can be used to finance tenant improvements and owner-occupied commercial acquisition. Click here for more information.
Our small business clients are offered space planning consulting to help facilitate tenant improvements and office design layout to ensure the space available is structured in the most efficient manner. Space planning consulting is provided at an hourly rate of $75.00. All designs are developed using AutoCAD by our in-house Space Planner. Click here for more information.
Employer-Assisted Housing Program: Housing is a crucial component of economic competitiveness for employers seeking a reliable workforce. Employers have a stake in extending housing affordability and creating housing opportunities for their employees while increasing the competitiveness of their businesses in the areas in which they are located. A customized Employer-Assisted Housing (EAH) program can provide a unique opportunity for businesses to help their employees become homeowners or secure affordable housing close to work. Click here for more information.