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Maine Product Plans
Category:
State:
Multi-State
Control #:
US-TC05082G
Format:
Word;
PDF;
Rich Text
Instant download
Description
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FAQ
This is a 10-year Economic Development Strategy for Maine. It is a dynamic and nonpartisan road- map designed to foster collaboration among the public, private, nonprofit and education sectors for the purpose of creating a diverse and sustainable economy.
The Maine Economic Recovery Grant Program is intended to help sustain the viability of Maine's small businesses and nonprofits - not to replace lost profits ? by providing short-term financial relief for businesses and non-profit organizations that incurred business disruptions as a result of the COVID-19 pandemic.
The Maine Jobs & Recovery Plan is Governor Janet Mills' plan to invest nearly $1 billion to help Maine people, businesses, and communities recover from the COVID-19 pandemic.
Economic recovery is the process of reallocating resources and workers from failed businesses and investments to new jobs and uses after a recession. An economic recovery follows after the recession and leads into a new expansionary business cycle phase.
Eligibility Criteria: grant must be included with reportable income at tax time. For applicable businesses, a Form 1099 will accompany any awarded grant monies.
