Applications are open for the second phase Maine's Economic Recovery Grant Program. Phase 2 will make available approximately $95 million in remaining funds from Phase 1 and expand access to the program by increasing the number of eligible businesses and non-profits.
Mid Coast Economic Development District, of which Bath is a member, is the review body for Economic Recovery Grant applications in this region and will be able to provide some guidance/assistance for businesses/non-profits applying during this round.
The Maine Economic Recovery Grant Program provides grants of up to $100,000 to businesses and non-profit organizations that demonstrate a need for financial relief based on lost revenues or expenses related to the disruption of business operations caused by the COVID-19 pandemic. Grants will be distributed based on a business/organization’s demonstrated losses as a pro-rated percentage of the total losses reported by qualified applicants. The grants are intended to assist in sustaining the viability of Maine businesses and non-profits. The program is not intended to replace lost profits.
How is Phase Two different from Phase One?
Phase 2 funding has been broadened to include businesses less than a year old, as well as businesses with up to 250 full-time equivalent employees or contractors.
Amount and Timing of Grant Awards:
MCEDD Technical Assistance:
For businesses located in the MCEDD region who have questions regarding the application or need to make corrections to an application they have submitted, please contact MCEDD at 207-443-5790 or 207-380-7094.
For further information regarding eligibility, frequently asked questions, please visit: https://www.maine.gov/decd/economic-recovery-grants