In response to the economic challenges brought on by the pandemic, EMDC, in partnership with DECD, created the Economic Recovery Hub program for Eastern Maine and Penobscot. The program provides technical assistance, grants, and entrepreneurial training to new and emerging small businesses in six Maine counties through a network of 12 partnered organizations.
Please E-MAIL the completed application as well as documents outlined in Section III to
jbolstridge@emdc.org for review.
Applications due by 5:00PM EST on April 12, 2024.
The program provides a wide range of services. Services such as government contracting assistance, environmental planning, business planning, expertise in BIPOC communities, loans, workforce development, succession planning, and more!
You should not request more than $25,000, otherwise, ask for the amount you need for your business.
Any business started after Jan 1, 2020, with less than 250 employees, and demonstrable loss.
No non-profits cannot receive small business grants, but they are eligible for technical assistance.
1. Projected business plan vs. actual business outcomes
■ For example, if the business plan projected X amount of revenue for the first year but the company actually earned less.
2. Financial statements
■ Income Statement and Balance Sheet for years open since 2020
3. Existing debt
■ Loans, credit cards, etc taken out for business purposes
4. Optional: Loss of or inability to retain staff
If you are unable to provide the above documents, email jbolstridge@emdc.org for guidance on how to demonstrate your business’ unique loss.
We are reviewing these case by case.
We are reviewing these case by case.
Yes! Even if you do not apply you still have access to the whole host of resources between all of the involved organizations. We do recommend applying however, it is a grant so you will not be required to pay back any amount of money!
EMDC covers Winterport, Frankfort, Prospect, Stockton Springs, and Searsport
We are evaluating these on a case-by-case basis.
You can if you are a w-2 employee of your business.
If you are unable to provide the documents listed in the application you are unable to apply, however, we can still provide you technical assistance. You can become eligible and apply once you can provide the documents.
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