Last Friday, November 20, 2020, the Mills Administration began distributing the 1,222 awards, including: 1,107 to businesses and 115 to non-profits for a total of $536. million and average just over $43,000. per award with recipients spanning the entire state according to a press release received from her office on Friday.
The hospitality sector, particularly lodging and accommodations and restaurants, represent the largest percentage of recipients, drawing 29% of the awards. In addition, the Maine Economic Recovery Grant provided $7.4 million in grants to 193 businesses and anon-profits that are less than a year old.
The Grants are intended to help sustain the viability of Maine’s small businesses and non-profits – not to replace lost profits – and will provide short-term relief to help stabilize Mane’s economy. At the same time, the Administration continues to focus on the state’s long-term goals described in the states 10-year strategic economic development plan. The program draws on a recommendation from the Governor’s Economic Recovery Committee.
Grants awarded through the Maine Economic Recovery Grant Program may be used to cover expenses including: payroll costs and expenses, rent or mortgage payments for business facilities, utilities payments and much more. Recipients are liable for any misuse of funds and the grants are subject to audit.