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Community Development Block Grants headed to 13 state cities

AUGUSTA, Maine — Thanks to funding from the Economic Development and Micro-Enterprise Assistance grant programs, 13 Maine communities have been awarded Community Development Block Grants. The program is being administered by the Office of Community Development within the Maine Department of Economic and Community Development (DECD).

“These grant awards will have a direct impact on the creation of new career opportunities for Maine people,” said DECD Commissioner George Gervais. “The investments made in these communities not only benefit these particular businesses, but the entire state. The grants are another example of our commitment to becoming better partners with the private sector, leveraging new private investment to achieve greater prosperity across Maine.”

The Economic Development Program (EDP) provides communities with gap funding to assist identified businesses in the creation and/or retention of jobs for low and moderate income people. The $2,700,000 allocated for 2015 is administered by DECD as part of the federally funded Community Development Block Grant Program. Communities and businesses benefiting from EDP awards are as follows:

• Brunswick – Gelato Fiasco – $350,000 for purchase of equipment; helping to create 15 jobs – matched by $1,060,000 from the business.

• Caribou – Virtual Managed Solutions – $150,000 for purchase of equipment and working capital; creating 5 jobs – matched by $367,833 from the business.

• Fort Kent – GB&D Farms – $100,000 for purchase of equipment; creating 4 jobs – matched by $100,000 from the business.

• Frenchville – Tardif Machine & Welding – $120,000 for purchase of equipment and inventory; creating 4 jobs – matched by $150,000 from the business.

• Gardiner – Lost Orchard Brewing Company – $300,000 for purchase of equipment, inventory and working capital; creating 10 jobs – matched by $444,000 from the business.

• Gardiner – Central Maine Meats, LLC – $540,000 for equipment and working capital; creating 18 jobs – matched by $960,000 from the business.

• Piscataquis County – Abol, LLC – $120,000 for equipment, furnishings and working capital; creating 4 jobs – matched by $120,000 from the business.

• Presque Isle – Acme Monaco – $690,000 for purchase of equipment; creating 23 jobs – matched by $2,310,000 from the business.

• St. Agatha – Labrie Farms – $60,000 for purchase of equipment; creating 2 jobs – matched by $60,000 from the business.

• Shirley – Dovetail Bat – $75,000 for equipment and working capital; creating 3 jobs – matched by $75,000 from the business.

• Sidney – Snow Pond Center for the Arts – $200,000 for infrastructure improvements; creating 9 jobs – matched by $378,000 from the business.

The Micro-Enterprise Assistance (MEA) Grant Program provides grant funds to assist in innovative solutions to problems faced by micro-enterprise businesses. Assistance to businesses may be in the form of grants or loans at the discretion of the community. $185,000 is being awarded to four communities and businesses in Eagle Lake, Otis, Piscataquis County, and St. John.

Source: Maine DECD Press Release

 

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