ANNOUNCING PHASE TWO OF MAINE’S ECONOMIC RECOVERY GRANT PROGRAM Phase 2 is a new opportunity for business owners and nonprofit managers who were not able to apply in Phase 1
Maine businesses and nonprofits with up to 250 employees can apply for the newly announced Phase 2 Economic Recovery Grant Program. The Program provides financial relief for businesses and organizations that incurred business disruptions due to the COVID-19 pandemic.
“Phase 2 will make available approximately $95 million in remaining funds from Phase 1 and expand access to the program by increasing the number of eligible businesses and nonprofits.” – Governor Janet Mills
Four important Phase 2 features
1) More time to apply. The Phase 2 Maine Economic Recovery Grant Program application portal is open now and remaining open until October 23.
2) Up to 250 Employees. Businesses and nonprofit organizations with up to 250 employees are now encouraged to apply.
3) Extended loss period. The financial loss period is January to Aug 2020, which supports more seasonal businesses.
4) More Support. Increased application assistance is available for anyone needing a hand.
Refer to this website for eligibility and distribution criteria and the grant calculation formula. Note that businesses and nonprofit organizations awarded funds as part of Phase 1 of the Maine Economic Recovery Grant Program are ineligible for this particular relief funding program.
Watch or listen to a recent webinar covering the application process.