Maine Economic Recovery Grants

Business Recovery and Resilience Fund Maine Flood Resources and Assistance Hub Business Resiliency Resources Maine Jobs & Recovery Plan The Maine Jobs & Recovery Plan is Governor Mills' plan, approved by the Legislature, to invest nearly $1 billion in federal American Rescue Plan funds to improve the lives of Maine people and families, help businesses, create good-paying jobs, and build an economy poised for future prosperity. Home | Maine Recovery & Jobs Plan FUNDING PROGRAMS The Maine Department of Economic and Community Development is managing several economic recovery grant programs using Federal relief funding. As additional funds become available, they will be added to this page, so check back often. Domestic Trade Pilot Program The pilot program helps Maine businesses sell more products within the United States. https://www.maine.gov/decd/domestic-trade . Grow Maine: State Small Business Credit Initiative Grow Maine, administered by FAME in conjunction with various statewide lending partners, will provide up to $62 million of State Small Business Credit Initiative (SSBCI) funding to eligible Maine businesses. Eligible businesses include for-profit and nonprofit companies with fewer than 500 employees. Funding will be available through FAME and its intermediary partners via loan guarantees, direct loans, and equity capital. Loans up to $5 million will be available (not to exceed $20 million per project) and interest rates will be set by the participating lending institution. Grow Maine is intended to provide broad access to capital to help Maine businesses grow and provide jobs for Maine people that will have long-term positive effects on Maine’s economy. For more information, visit the program website:  FAME Grow Maine. FUNDS FOR MAINE TOWNS AND CITIES The State of Maine has a fiscal recovery program to distribute $119.2 million in Federal funding from the American Rescue Plan Act of 2021 (ARPA) to local governments across Maine. The Local Fiscal Recovery Program is a State pathway to infuse Federal funds into Maine towns and cities to support a variety of their economic recovery priorities, such as addressing the economic or public health impacts of the COVID-19 pandemic, replacing lost public sector revenue, or investing in broadband infrastructure. To access the grant portal, use this link: https://www.maine.gov/dafs/arpa/neuportal GRANTS FROM OTHER STATE AGENCIES Department of Environmental Protection Coastal Sand Dune Restoration and Protection Grants https://www.maine.gov/dafs/bbm/procurementservices/vendors/grants Governor's Energy Office The Maine Community Energy Redevelopment Program (MECERP), led by the Maine Governor's Energy Office (GEO) and the Maine Department of Economic and Community Development (DECD) is designed to foster economic development across Maine by providing high-quality technical assistance to projects that unlock community energy assets for economic development. Maine Community Energy Redevelopment Program | Governor's Energy Office FEDERAL GRANTS Economic Development Administration Grants and Programs Small Business Administration SBA Funding Programs:  https://www.sba.gov/funding-programs United States Department of Commerce National Institute of Standards & Technology CHIPS for America United States Department of Agriculture Rural Development USDA RD Business Funding Programs Business & Industry Loan Guarantees – Rolling Applications Energy Programs Rural Energy for America Program Renewable Energy Systems & Energy Efficiency Improvement Guaranteed Loans & Grants Timber Production Expansion Guaranteed Loan Program (TPEP) Community Facilities Direct Loan & Grant Program Agricultural Marketing Service USDA AMS Funding Programs Local Food Promotion Program Regional Food System Partnerships Meat & Poultry Inspection Readiness Grant Northeast Dairy Business Innovation Center (NE-DBIC)