City Of Portland: New Round Of Business Assistance Grants & Relaunches Modified Microenterprise Gran

Portland ME

12 October, 2021

11:24 AM

Description

Press release from the City of Portland: October 12, 2021 The City is also relaunching the Microenterprise Grant Program which has increased eligibility to businesses in two ways: small businesses that opened after the pandemic started in March 2020 are now eligible to apply, as well as businesses with 0-3 employees. The Microenterprise Program offers grants up to $5,000 for businesses whose owners are low/moderate income. This program does not have a deadline for applications as they will be accepted when received. Portland businesses are encouraged to apply early since funds remaining for this program are limited.    More information about these programs and the application process are available at portlandmaine.gov/BusinessFinancing. Questions about these programs can be directed to Nelle Hanig, Business Programs Manager in the Housing and Economic Development Department at [email protected] or 207-756-8019.  portlandmaine.gov/BusinessFinancing Decisions on grant awards will be made by the Portland Development Corporation, the City's loan and grant board. The Job Creation Grant is funded with the City of Portland's Community Development Block Grant through the U.S. Department of Housing and Urban Development. Funding for the Microenterprise Grant Program is funded through COVID-CDBG.  This press release was produced by the City of Portland. The views expressed here are the author's own.