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Waterville Region Small Business Grant

Central Maine Growth Council (CMGC) has established the Waterville Region Small Business Grant to provide financial assistance to mid-Maine businesses and entrepreneurs impacted by COVID-19 with direct grants in the amount of up to $2,000. In order to be as responsive as possible to the needs of local business owners and entrepreneurs, the program is designed as a timely deployment of funding for a wide array of business purposes, including payroll, rent and utility expenses, and expenses associated with reopening in accordance with CDC and State of Maine regulations, among other uses. 

This program is not intended to substitute for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and/or Economic Injury Disaster Loan (EIDL) or financing through the Finance Authority of Maine (FAME). However, if a business has received $15,000 or less in financing from Federal or State COVID-19 relief programs, it will receive priority eligibility for CMGC’s Waterville Region Small Business Grant (WRSBG).

Timeline
Grant opens: July 14, 2020
Deadline: rolling until funding is exhausted (early application is encouraged)
Applicant completes use of funds: by October 1, 2020

Eligibility Criteria:

  • • Priority given to businesses that received $15,000 or less from state/federal COVID-19-related relief programs
  • • Business may be open or temporarily closed
  • • Business must have 20 or fewer employees, who may be furloughed
  • • Business/entrepreneur must be located in Fairfield, Oakland, Waterville, or Winslow
  • • Applicant must comply with WRSBG program guidelines (see “Program Guidance” document below)

Eligible Use of Funds:

  • • WRSBG intends to fund a wide array of business expenses, which include but are not limited to the below examples.
  • • Examples of eligible activities and/or use of funds:
    • • Payroll expenses
    • • Rent expenses
    • • Utility expenses
    • • Costs associated with reopening (e.g. outdoor dining equipment, personal protective equipment, etc.)

How To Apply:

The WRSBG application is an online application via Google Forms (click “Online Grant Application” below); an applicant may request a PDF application by e-mailing director@centralmaine.org or calling 207-680-7300.

Please review all grant materials (located below) prior to submitting an application. Applications are reviewed on a rolling basis; we encourage you to apply as soon as possible.

Additional Resources:

Browse CMGC’s updated list of COVID-19 relief-related resources for small businesses, non-profits, individuals, and municipalities.

Funding for the Small Business Resiliency Grant is generously donated by the Bill & Joan Alfond Foundation, Central Maine Motors Auto Group, and Colby College.

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