Cdfi rapid response program award

The Northern Me Dev Commission received a $1.8 million Project Grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support the Commission's efforts to prepare for and respond to the economic impacts of the coronavirus through June 30, 2023.

As the designated Community Development Financial Institution (CDFI) serving Northern Maine, the Commission will use the grant funding to provide financial and technical assistance to small businesses and non-profits affected by COVID-19. This may include loans, investments, financial counseling and other services that bolster economic resilience in the region. The Community Development Financial Institutions Rapid Response Program aims to support CDFIs' ability to address the needs of underserved communities during public health crises and their economic aftereffects.