BANGOR — Applications for the next round of Eastern Maine Development Corporation’s Economic Recovery Hub grants are now open. Eligible small businesses to apply for funding to support their operational and growth needs. This new application period underscores EMDC’s commitment to fostering a strong small business community throughout Eastern Maine and Penobscot County.
The grants are specifically designed to assist small businesses launched after January 2020 and those within underserved communities, aiming to accelerate the recovery of local economies impacted by the COVID-19 pandemic. EMDC’s Economic Recovery Implementation Regional Hub program, in collaboration with the State’s Department of Economic and Community Development, has been instrumental in providing these grants while offering vital resources, technical assistance, and personalized consultations.
Eastern Maine Development Corporation is pleased to announce that it has already awarded over $1 million in grants to small businesses throughout the region. This significant investment has supported economic resilience, growth, and innovation, enabling recipient businesses to adapt and innovate in the face of ongoing challenges.
“These funds support the entrepreneurial spirit that fuels our region’s economy,” said Lee Umphrey, president & CEO of EMDC. “While these grants are small investment steps for individual businesses, it’s a giant step toward building a vibrant, resilient economic future for Eastern Maine and Penobscot County.”
The funds have helped businesses navigate market shifts, sustain operations, and create employment opportunities. Additionally, EMDC has provided essential technical assistance to help businesses expand their digital presence, improve operational efficiencies, and implement tailored growth strategies.
To learn more about EMDC’s grant opportunities, technical assistance programs, economic development initiatives, or to apply for the latest round of funding, visit https://www.emdc.org/services/economic-recovery-hub/.
