Application Deadline: 11:59 PM November 26, 2021
The Maine Department of Economic & Community Development (DECD) has launched the Maine Jobs and Recovery Small Business Grant. This funding is available to businesses who were open before the COVID-19 pandemic began AND to new businesses who were in business as of January 1st, 2021.
Eligibility
Eligible businesses must meet all of the following criteria:
- Have been in business as of January 1st, 2021.
- Must be an ongoing operating business and not have permanently ceased operation. Must demonstrate a 20% revenue loss.
- Must demonstrate increased expenses because of COVID-19. These expenses must have been incurred between March 2020 and June 30, 2021.
- Must have all business operations within Maine.
Benefits
They anticipate a $50,000 award cap. The award cap is subject to change based on need and volume of applications. The minimum award will be $250. If the qualified application amount exceeds the available funding, they will pro-rate the awards.
Application Procedure
The Maine Department of Economic & Community Development (DECD) has launched the Maine Jobs and Recovery Small Business Grant. This funding is available to businesses who were open before the COVID-19 pandemic began AND to new businesses who were in business as of January 1st, 2021.
This program provides grants for businesses that demonstrate a need for financial relief based on expenses related to the disruption of business operations caused by the COVID-19 pandemic.
This program is intended to assist in the stabilization of Maine’s economy and accelerate the transition from short-term relief to regaining our state’s focus on Maine’s 10-year Economic Development Strategy, anchored in talent and innovation.
Official Website: Maine Jobs and Recovery Small Business Grant – United States
