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December 13, 2022

$528K in fed funds to support small businesses in rural Maine

Three organizations in rural Maine will share $528,463 in funding from the U.S. Department of Agriculture to expand development and training opportunities for small business

The Androscoggin Valley Council of Governments, Eastern Maine Development Corporation and Sunrise County Economic Council will use the money to provide business training, technical help and loan assistance to small businesses in Androscoggin, Franklin, Oxford, Hancock, Penobscot, Piscataquis, Waldo and Washington counties.

Eastern Maine Development Corp. will receive $500,000 of the total amount, while the Sunrise County Economic Council will receive $15,679 and the Androscoggin Valley Council of Governments will get $12,884, according to Tuesday's announcement.

Maine Senators Susan Collins and Angus King
File photos
U.S. Sens. Susan Collins, R-Maine, and Angus King, I-Maine.

"Small businesses are vital to our rural communities – it means something more when the shopkeeper or the vendor is your neighbor, friend or fellow PTA member – this funding will help dozens of small businesses throughout the state continue to operate and contribute to Maine’s economy,” U.S. Sens. Angus King, I-Maine, and Susan Collins, R-Maine, said in a joint statement.

“The incredible staff at the Androscoggin Valley Council of Governments, Eastern Maine Development Corporation, and Sunrise County Economic Council are a driving force in providing economic development, business financing, job creation, and many other services, they added. "This investment will pay off in the form of meaningful jobs and technical training, and it will improve the livelihoods of families across rural Maine.”

The U.S. Department of Agriculture provides leadership on issues related to food, agriculture, natural resources, rural development, nutrition and related issues. USDA consists of 29 agencies and offices and employs nearly 100,000 people.

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