Maine Economic Recovery Grant Program. … Grant amounts are determined by the grant formula. WASHINGTON, D.C. — A $400,000 grant has been awarded to the Midcoast Economic Development District located in Damariscotta from the Economic Development Administration. About Main Street Recovery. Kittery’s small businesses have been hit hard by the ongoing COVID-19 pandemic. Eligibility for the grant program has been expanded. Initiative: Provides one-time funding for competitive grant funds for higher education institutions and adult education programs, with grant program criteria to be developed jointly by the Department of Economic and Community Development, the Department of Labor and the Department of Education based on meeting state workforce development plans designed to meet the needs of workers and … Maine Governor Janet Mills recently launched the Maine Economic Recovery Grant Program, backed by $200 million in federal CARES Act Coronavirus Relief Funds.The program is … Leaders of the Governor's Economic Recovery Committee say any recovery plan for Maine … These include hospitals and nursing facilities of any size, as well as congregate care, behavioral health, community service providers, and other providers with more than 250 employees. “Treating certain state and territory-based grants as non-assessable non-exempt income for tax purposes ensures these payments are not subject to income tax by the Commonwealth,” the memorandum said. Economic Development. Eligibility for the grant program has been expanded. The Maine Economic Recovery Grant program will provide up to $100,000 to Maine-based businesses and nonprofits with up to 50 employees. Mills’ initial proposal for the Maine Jobs and Recovery Plan divided funding projects into three broad categories. Governor Mills Launches $200 Million Economic Recovery Grant Program to Support Maine Small Businesses Of Labor Awarded $1.2 Million in Federal Grant Funding to Combat Unemployment Fraud Maine Dept. Increases homestead property tax exemption from $25,000 to: 4/1/22 $35,000 . The Maine Economic Recovery Grant Program is intended to assist in covering losses incurred as a direct result of the COVID-19 pandemic and related public health response. Vermont launches Economic Recovery Grant Program: On July 6, the Vermont Agency of Commerce and Community Development and the Department of Tax launched the Economic Recovery Grant Program which was proposed by Governor Phil Scott’s administration and amended by the state legislature. Maine Tourism Hospitality & Retail Recovery Grant award amounts will be determined using March through September gross sales as reported on sales tax returns for 2019 compared to March through September 2020 for monthly filers, and April through September gross sales as reported on quarterly sales tax returns for 2019 compared to 2020 for quarterly filers. Dugal pointed out that Maine Economic Recovery grants offered by the Mills administration with funds that came from the federal CARES Act would also be taxable. The organization supports redevelopment and revitalization in the region to diversify and strengthen the regional economy. Packages from California, Colorado, and Maryland included direct immediate relief to small businesses through low-interest loans, direct grant aid, and tax credits. 617-635-5729. smallbiz@boston.gov. • Delaware, Kentucky, and Maryland have passed measures to ensure that employers’ unemployment insurance taxes do not increase. SMALL BUSINESS OWNERS do you know about the Maine Economic Recovery Grant Program? Please visit www.mainestrategicplan.com. Federal Grant Awards Available Through COVID-19 Legislation: AFA 06192020 CRF Obligations (002) State of Maine Accounts Financial Orders and Expenditures for COVID-related Federal Awards (Non-CRF)_1 06182020: Governor's Economic Recovery Committee Overview: Updated Federal Grant Awards Available Through COVID-19 Legislation In these unprecedented times, we need to ask our community to pull together and do difficult things, including social distancing, and temporary closing of many of the local businesses and gathering spots that we hold dear. Governor Chris Sununu has authorized the allocation and expenditure of CARES Act Coronavirus Relief Fund (“flex funds”) to provide economic support to New Hampshire small businesses suffering from business interruptions as a result of COVID-19. The Main Street Relief Fund consists of $400 million made available to New Hampshire under the federal CARES Act Coronavirus Relief Fund to provide economic relief due to the COVID-19 pandemic. Please see below for information regarding the Maine Economic Recovery Grant Program. Eligibility for the grant program has been expanded. Tax Relief The Maine Economic Recovery Grant Program is intended to assist in covering losses incurred as a direct result of the COVID-19 pandemic and related public health response. The #Maine DECD Tourism, Hospitality & Retail Recovery Grant Program for small businesses in those industries closes today, 12/14! Home. The grants are taxable … The state of Maine has announced Phase II of the Maine Economic Recovery Grant Program, providing financial relief to small businesses and nonprofits in Maine. The deadline for applying for Small Business Grants through the State of Maine Economic Recovery Grant Program is Wednesday, SEPTEMBER 9 at 11:59PM EST. The exact grant criteria has not yet been finalized; however, taxpayers that fall below the New Hampshire business tax filing thresholds and are therefore not required to file returns in New Hampshire should still complete the Prequalification Application in order to preserve their eligibility for a Main Street Relief Fund grant. Governor Janet Mills has launched the second phase of the Maine Economic Recovery program, making $ 95 million available to businesses and non-profits that employ up to 250 people. In tandem with federal stimulus packages, a handful of states have designed their own stimulus plans to accelerate economic recovery. Businesses/organizations will be liable for any misuse of funds. Call 617-635-2111 and leave a message with your name, business name, and the best phone number to reach you. The state of Maine has announced the Maine Economic Recovery Grant Program, providing financial relief to small businesses and nonprofits in Maine. On June 1, 2020, the Louisiana Legislature passed $275M in relief funds for Louisiana small businesses. $1 … The objectives of the plan are to identify needs, set priority responses and guide the projects we will fund with our STOP funds as we focus our efforts on crimes against women in Maine. Resources for Resid… The State of Maine used CARES Act relief funding to help our economy recover from the impacts of the global pandemic by supporting Maine-based businesses, non-profits, and health care organizations through four grant programs: (1) the Maine Economic Recovery Grant Program, Phase 1; (2) the Maine Economic Recovery Grant Program, Phase 2; (3) the Maine Tourism, Hospitality, & Retail Recovery Grant Program; and (4) the Maine Health Care Financial Relief Grant … Beginning tomorrow, health care organizations that were ineligible for funding under the Maine Economic Recovery Grant program may apply for the new grants. While the money still falls short of the $300 million recommended by the governor’s economic recovery committee, the average grant of $45,000 will … • A new taxable cancer center from Central Maine Medical Center; and ... and seek grant funding to improve streetscaping and address quality-of-life issues. The state of Maine has announced the launch of Phase II of the Maine Economic Recovery Grant Program, providing financial relief to small businesses and nonprofits in Maine. Yes No The maximum grant awarded to a business or non-profit organization is $100,000. 1369 5/6 5/11 : An Act To Provide Stimulus for Economic Recovery by Enacting a 5% Flat Tax Andrews All taxable income of individuals taxed at 5%. In addition, the Maine Economic Recovery Grant provided $7.4 million in grants to 193 businesses and non-profits that are less than a year old. The Maine Economic Recovery Grant Program is intended to assist in covering losses incurred as a direct result of the COVID-19 pandemic and related public health response. ACCD guidance had previously stated that all businesses receiving a Vermont Emergency Grant program details The Maine Economic Recovery Grant Program is set up to provide financial relief to Maine's small business and nonprofit organizations. NOTE: As of October 22, Governor Hogan has announced a new $250 million relief package for businesses throughout Maryland. Now, there is a new program aimed to help struggling small businesses attempt to recover from the economic downturn. James Myall, an economic policy analyst with the liberal Maine Center for Economic Policy, said. Using $10 million in federal funding, the Maine Department of Labor and the Maine Department of Economic and Community Development will give employers a one-time $1,500 payment to give to eligible workers who start jobs between June 15 and July 25, the Mills administration said in a release. The funding, authorized under the CARES Act, will assist the organization in coronavirus response, recovery, and resiliency. Specifically, the This page provides information on City actions, as well as links to information on state and federal resources to help our community members and our businesses through this difficult situation. Plan divided funding projects into three broad categories the regional economy, will assist the organization redevelopment. Announced the Maine Jobs and Recovery Plan divided funding projects into three broad categories COVID-19... 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