Maine’s Path to Recovery
Maine’s Economic Recovery Grant Programs
In addition to the threat to public health, the COVID-19 pandemic has fundamentally changed the global business environment, causing severe supply-chain disruptions, reduced consumer spending, and unprecedented losses that are felt across all sectors. U.S. industries are no exception, with hospitality, tourism, retail, restaurants and bars, entertainment, manufacturing and countless others facing a host of new challenges and barriers that disrupt operations and impede growth. Here in Maine, the closure of the Canadian border, the stoppage of cruise ships, and reluctance of people to travel have impacted our economy, from agriculture to fisheries, to retail, recreation and hospitality sectors.
The State of Maine used CARES Act relief funding to help our economy recover from the impacts of the global pandemic by supporting Maine-based businesses, non-profits, and health care organizations through four grant programs: (1) the Maine Economic Recovery Grant Program, Phase 1; (2) the Maine Economic Recovery Grant Program, Phase 2; (3) the Maine Tourism, Hospitality, & Retail Recovery Grant Program; and (4) the Maine Health Care Financial Relief Grant Program. The funding originated from the federal Coronavirus Relief Fund and was awarded in the form of grants to directly alleviate the disruption of operations suffered by Maine’s small businesses, non-profits, and health care organizations as a result of the COVID-19 pandemic.
These programs provided grants for businesses, non-profits, and health care organizations that demonstrated a need for financial relief based on lost revenues or expenses related to the disruption of business operations caused by the COVID-19 pandemic. These programs were not intended to replace lost profits but only to help businesses remain viable. These programs aimed 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.