New Recovery Grants for Retail, Restaurants & More

Governor Mills has announced a new $40 million economic recovery grant program to support Maine tourism, hospitality, and retail small businesses.

IMPORTANT POINTS:

• The application portal will go live Thursday, December 3rd, 2020
• This is a first-come, first-served program, so apply early
• Eligible businesses include: accommodation and food service, retail, and arts, entertainment and recreation.
• The application is a quick, and easy process. 
• Applicants may receive up to $20,000.
• Gross sales must be between $24,000 and $12 million annually to be eligible.
• The program will continue until all funds have been exhausted. Any funds received must be deposited in the bank by the recipient on or before December 28.

Here is a link to the portal: https://www.maine.gov/decd/economic-recovery-grants

If you need assistance, or have questions regarding this program or any of the economic recovery programs, contact the Sanford Regional Economic Growth Council at sanfordgrowth.org or 324-9155.

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