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Portland relaunches small business grant programs – Mainebiz

October 12, 2021 by Business

The city of Portland is relaunching its Organization Aid Grant Program for Job Creation with grants of $10,000 per full time task produced, approximately $20,000 per organization.

The function of the $300,000 program is to create jobs for low- as well as moderate-income individuals by offering startups and existing companies with grants that can be made use of for lease, energies, payroll, equipment, stock and also other expenses.

Irreversible full time tasks should be loaded by low/moderate earnings individuals after the grant is accepted. Applications are due by Dec. 1.

The city is additionally relaunching its Microenterprise Grant Program, which offers up to $5,000 for organizations whose proprietors have low or modest revenue. The program is also expanding eligibility in 2 means. Small businesses that have actually opened up because the pandemic began are currently qualified to use, along with companies with three or less staff members.

The program does not have a due date for applications as they will be approved when obtained. Rose city companies are urged to use early given that funds staying for this program are restricted. Even more details about these programs as well as the application process are offered at portlandmaine.gov/ BusinessFinancing. Inquiries about these programs can be directed to Nelle Hanig, service programs manager in the Rose city Housing and also Economic Development Division, at [email protected] or 207-756-8019.

Decisions on grant honors will be made by the Rose city Growth Corporation, the city’s loan as well as give board.

Filed Under: Business Tagged With: RSS Feeds

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