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Economic Development Program Awards Result in Almost 100 New Jobs
AUGUSTA – Almost 100 new jobs are being created across Maine thanks to recently announced Economic Development Program awards.
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 funds are administered by the Maine Department of Economic and Community Development (DECD) as part of the federally funded Community Development Block Grant Program.
“These grant awards will have a direct impact on new jobs and new revenue, benefiting not only these particular businesses and communities, but the entire state,” said Governor Paul R. LePage.
The list of communities and businesses benefiting from these funds are as follows:
• Anson – Cousineau Wood Products of Maine, LLC - $150,000 for purchase of equipment; creating 6 jobs.
“This will allow us the ability to expand our gun stock manufacturing business and enter into additional manufacturing lines,” said Brody Cousineau of Cousineau Wood Products. “With these expanded capabilities CWP will have the ability to hire up to 10 additional employees.”
• Gouldsboro – Prospect Holding, LLC and Maine Fair Trade Lobster, LLC - $500,000 for purchase of equipment; creating 90 jobs.
“This is an important day for everyone and we can all celebrate a grant award that has a positive influence across the state,” said Michael Tourkistas, CEO/President of East Coast Seafood.
“Maine Fair Trade Lobster and Prospect Holdings are proud to provide new employment opportunities for the area with additional plans for solid growth,” added Dave Garbo, President of Garbo Lobster.
• Milo – Michael Anderson d.b.a., Milo Taxi and Delivery - $60,000 for garage construction, garage equipment purchase, and software and hardware purchases; creating 2 jobs.
“This EDP grant and the matching loan I am taking, means that a micro-enterprise in Piscataquis County is going to be able to create two more jobs in Milo,” said Michael Anderson, Owner of Milo Taxi and Delivery.
“The funds awarded under this program promote business growth and make our economy stronger through job creation and investment in our state,” said DECD Commissioner, George Gervais.
Projects receiving EDP funds must provide 100% cash match of the total EDP award and matching funds must be directly related to the activities undertaken with EDP funding.