Northern Border Regional Commission

The Northern Border Regional Commission (NBRC) is a federal-state partnership established by Congress in 2000, operating distinctly from a traditional venture capital firm. Its core mission is to alleviate economic distress and stimulate sustainable economic growth within the most economically distressed counties and communities across Maine, New Hampshire, New York, and Vermont. As a grant-making organization, NBRC focuses on fostering long-term regional resilience and enhancing the quality of life in these underserved areas.

NBRC's investment priorities are strategically aligned with critical regional needs, encompassing infrastructure development, workforce training and education, business and entrepreneurship support, and natural resource-based tourism. Through various programs, such as the State Economic & Infrastructure Development (SEID) Program and the Catalyst Program, NBRC aims to fund projects that create jobs, enhance public services, and attract private investment. The Commission prioritizes projects demonstrating strong local partnerships and a clear path to sustainable economic impact, often requiring a local match for federal funds.

Unlike venture capital firms that seek equity returns, NBRC provides non-repayable grants to eligible entities, including local governments, non-profits, and educational institutions. These grants are designed to address systemic economic challenges rather than fund high-growth startups. For instance, in fiscal year 2023, NBRC awarded over $42.6 million across 109 projects, demonstrating its significant commitment to regional development. Individual project grants typically range from tens of thousands for planning initiatives to several million dollars for large-scale infrastructure improvements, with the maximum federal share for a single project often capped at $1 million, though some specific programs, like broadband infrastructure, can support projects up to $3 million.

The Commission's strategic approach is rooted in empowering communities to build robust, diversified economies. By investing in foundational elements like broadband access, clean water systems, and skilled labor, NBRC helps lay the groundwork for sustainable growth. Its efforts are crucial for bridging economic disparities and ensuring that the Northern Border region can thrive amidst evolving economic landscapes.