Small Business and Business Software

Maine Small Business Grants 2022

Maine Small Business Grants 2022 – Courtesy / Office of Gov. Mills On Wednesday, Gov. Janet Mills at two plants, including Nyle Systems, a Brewer-based heat pump manufacturer. Shown here is the company’s CEO, Ton Mathissen.

A total of $5 million in grants will be awarded to expand and create jobs for Maine technology and small businesses.

Maine Small Business Grants 2022

Maine Small Business Grants 2022

Funding from the Governor’s Maine Jobs and Recovery Plan represents the second grant of the Pandemic Recovery for Maine Innovative Economy, or PRIME Fund, administered by the Maine Institute of Technology.

Child Care Facility Start Up Grants

In late July, the PRIME program awarded nearly $23.3 million in grants to 174 Maine technology companies to help them recover from the pandemic, invest in new products and business areas, attract investors to innovate and create economic progress.

In the upcoming cycle, MTI will award grants to organizations that support Maine’s technology-related sectors, such as biotechnology, composites and specialty materials, forestry and agriculture, marine and direct manufacturing.

The competition’s application process requires applicants to invest in software, and MTI expects individual awards of up to $750,000.

“Maine has a great small business support system,” said Maine Department of Economic and Community Development Commissioner Heather Johnson. “This funding from PRIME will help leverage existing resources and opportunities to ensure entrepreneurs have the tools they need to succeed.”

Financing A Small Business

This was announced by the governor. Janet Mills, the newest PRIME grantee, visited Nyle Systems, a manufacturer of heat pump technology, and Bangor-based Mobile Price Card, a developer of software for retailers, each of whom received PRIME grants in the first round. .

“Our first round of grants provided critical funding directly to small businesses to help them expand,” said Mills, who is running for re-election in November against Republican Paul R. LePage. business foundation that provides Maine entrepreneurs and start-ups with valuable advice, guidance and other guidance to get them started.

To qualify for the grant, organizations must explain how they support startups and small businesses as they expand in Maine.

Maine Small Business Grants 2022

The Giving Guide helps nonprofits introduce and profile their organizations so that businesses can better understand how they can contribute to the nonprofit’s mission and work.

Covid 19 Small Business Relief Finder

Work for ME is a workforce development tool that helps the Maine workforce specifically for the Maine workforce. A free guide to jobs and career opportunities at important Maine companies.

The way we do business may change over time. This podcast series features conversations with Maine entrepreneurs whose lives, businesses or worlds have been suddenly turned upside down in one day.

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To ensure the best user experience on our website, it is not possible to read articles without enabling cookies. Allow cookies to continue reading. Our Privacy Policy Maine has many local assistance programs that offer small grants, loans and resources to help you and your small business stay afloat during the effects of the coronavirus.

Group Providing Covid 19 Grants For Somerset County Businesses

Updated 17.03.2021. This database is regularly updated to include available positions. Don’t see your city or county listed? Call your local economic development office to inquire about options.

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CDBG (Community Development Block) Grants for Micro Businesses – The Maine Department of Economic and Community Development (DECD) provides up to $5,000 to businesses with five or fewer employees who have low personal income. Eligible businesses must also disclose financial losses as a direct result of COVID-19. It is funded by the federal CARES Act and distributed through a partnership with the SBDC. Contact us for more information and applications.

KVCOG NEW Cares Act Revolving Loan Fund (RLF) – Through the Cares Act, the Kennec Valley Council of Governments is now offering a new revolving loan fund to small businesses to help reduce the economic impact of the COVID-19 pandemic. KVCOG received $670,000 to distribute to eligible applicants who receive the best information, including 0% interest rates and other exemptions from general RLF requirements. Small businesses must be located in Kennebec, Somerset or west of Waldo to apply.

Maine Small Business Grants 2022

AVCOG SBA Microloan Program – Provides microloans to small businesses in Androscoggin, Franklin and Oxford counties. Up to $10,000 for 3 years at 3% interest. Funds can be used for investments, equipment or refinancing existing debt (not for real estate).

Nonprofits In Maine Can Apply For A 2022 Tegna Foundation Grant

CEI Payday Loan – CEI Payday Loan offers up to $25,000 to existing businesses and up to $15,000 to startups* with easy application and 3 days of business.

City of Rockland Recovery Loan Program – This program offers up to $5,000 in deferred loans at 0% APR to qualified businesses affected by Covid-19. Loans can be home equity or payday loans.

DECD Maine Economic Revitalization Grant Program (MERG) – This second phase of the MERG program includes at least $95 million in CARES Act funds that the state will allocate to eligible businesses and nonprofits to provide financial assistance for business losses and disruptions. The COVID-19 pandemic. This program has expired, stay tuned for more information.

FAME (Maine Finance Authority) – Offers two direct loan programs to SBA borrowers and loans to businesses facing crises and hardship. Contact FAME for program updates.

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GPCOG’s Micro Business Loan Program – The program provides financing to businesses most affected by COVID-19, threatened with closure or forced to temporarily close. Applicants can apply for up to $5,000. Loans can be forgiven for eligible purposes.

Maine International Trade Center Grants – Eligible exporting companies may receive up to $20,000 per year in reimbursements for costs related to international business development, sales skills and marketing support.

Funding for Maine Organic Farmers and Gardeners – MOFGA has compiled a list of emergency assistance and resources for farmers during Covid-19.

Maine Small Business Grants 2022

Portland’s Covid-19 Loan and Grant Programs – The City of Portland Development Corporation is offering financial assistance to affected businesses, including those that are still open, hiring, temporarily closed or living at home. In addition to the federal aid programs, three different programs provide this assistance.

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Grants — Grant Programs 2020 — Maine Preservation

Revolving Loan Fund (RLF) – If your business is located in Hancock, Knox, Penobscot, Piscataquis, Waldo or Washington County, you may qualify for East Maine Development Corporation’s new low interest (up to 2%) revolving loan fund program. . If you still need financing and are located in one of these districts, this is a good option. Click here for more information:

USDA’s Coronavirus Food Assistance Program for Farmers – The food assistance program provides relief to farmers and ranchers facing falling prices and rising market prices. This program has expired, stay tuned for more information.

Waterville Area Small Business Grant – The Central Maine Growth Council provides direct grants of up to $2,000 to Central Maine businesses and entrepreneurs. Applications are open until funds are exhausted. This program has expired, stay tuned for more information.

Somerset County Covid-19 Relief Grants – The Somerset Economic Development Corporation and the Somerset County Commissioners in Western Maine are offering grants of up to $5,000. All for-profit businesses located in Somerset County are eligible. Funds can be used for immediate Covid-19 relief to help you pay wages, utilities, rent, mortgage, insurance, research, production and more. The first deadline has passed and additional funding rounds are underway.

Bangor Savings Bank Foundation Awards Grants Maine, Nh Nonprofits

Contact to be added to this list of opportunities. Special thanks to Maine SBDC intern Madeleine Lutts for putting these resources together. The application window for the PRIME Fund Phase 1 program CLOSES at midnight on May 24, 2022 and the award announcement was made in the last week of July 2022. Please understand that it will take time to process prizes and distribute prizes.

Information about Phase 2 will be posted on this section of our website as it becomes available. Keep it up!

Part 1 is aimed at Maine small businesses that work for, use, or use solutions related to our state’s technology sector. The MTI PRIME Fund offers a unique opportunity to help Maine businesses invest in new people, new business areas and other innovations to strengthen their resilience and ability to grow.

Maine Small Business Grants 2022

After the application period, your application will be evaluated against state and federal eligibility guidelines and the amount will be based on:

Thrive Maine: Pandemic Recovery Forgivable Business Loan Program

Regardless of the requested donation amount, you must provide a 1:1 match for any item or monetary donation. Below is a

NOTE: The amount of compensation may change depending on the number of valid applications received, the amount of money spent so far and the severity of the economic impact caused by the disease. We hope that eligible applicants will receive an award. The exact amount will be determined after all applications are received and evaluated.

Funding should be used to implement your plan and specifically address the adverse effects of the Covid-19 pandemic.

These funds must be used for activities strictly within Maine.

Coronavirus Small Business State Grants, Loans & Other Relief

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