As part of Midcoast Council of Government’s Hub of Excellence initiative, the MCOG Team will be administering a new economic development program: the New Business Recovery Grants and Technical Assistance Program for the Midcoast region which includes all or part of Sagadahoc, Lincoln, Knox, Cumberland, and Waldo counties. Eligible entities are businesses or nonprofits that have a location in the MCOG region, started or were acquired on or after January 1, 2020, have fewer than 250 employees, and are in good standing with the State of Maine.
The New Business Recovery Grants program will offer one-time stabilization grants of up to $50,000 to new businesses that experienced adverse effects related to the pandemic.
The initial application period opened April 21, 2023 and close June 1, 2023 with additional application periods occurring through the end of 2024. Businesses are encouraged to submit applications sooner than later. For more information and to apply, visit the MCOG website (www.midcoastcog.com).