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DECD Announces the 2013 CDBG Micro-Enterprise Assistance Grants
AUGUSTA – The Maine Department of Economic and Community Development today announced the award of $325,000 in grants to three Maine communities to fund innovative solutions to problems faced by local small businesses.
The Micro-Enterprise Assistance Grant (MEA) Program funded by the Federal Department of Housing and Urban Development and administered by DECD’s Community Development Block Grant program assists small businesses in the form of grants or loans at the discretion of the municipality.
“We continually seek ways to use our department’s resources to help make Maine’s businesses succeed and be more competitive,” said DECD Commissioner George Gervais. “These grants can make a huge difference to the businesses receiving them.”
The municipalities will use the awarded amount to fund the following projects:
Belfast will receive $150,000 to assist 24 small business projects that were developed as the result of a business needs survey. The funds will be used to purchase new equipment, and support interior renovations and building improvements, among other initiatives.
Kennebunk will use $150,000 in grant funds to assist six identified businesses in the purchasing of new equipment and support commercial space upgrades.
Lubec will use $25,000 in grant funding to assist small charter boat operators in obtaining a gangway, pilings and floating docks to provide much needed dockage for loading and discharging passengers. This will allow tour and ferry boats to maintain consistent schedules knowing they have a place to dock.
Eligible activities under the Micro-Enterprise Assistance category are grants or loans to businesses that can be used for working capital and interior renovations, fašade grants or loans for exterior improvements, including signage, painting, siding, awnings, lighting, display windows and other approved improvements.