Project Grant CLSS00000080696

Award Date 9/25/23
Completion Date 9/25/25
Dollars Obligated $293K
Federal Grant Program
10.870
Assistance Type
Project Grant
Place of Performance
Maine, USA
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The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $292,551 Project Grant on September 25, 2023 to the Northern Me Dev Commission (NMDC) under the Rural Microentrepreneur Assistance Program (CFDA 10.870). This grant will enable NMDC, a Community Development Financial Institution and non-profit community development corporation, to provide rural microentrepreneurs in Aroostook and Washington counties of Maine with access to affordable microloans, financial counseling, business training, and other technical assistance services. The funding will allow NMDC to establish revolving loan funds and build the capacity of underserved entrepreneurs, particularly women, minorities, and low-income individuals, to start, finance, and grow their small businesses. NMDC has partnered with the Eastern Maine Development Corporation as a sub-recipient to deliver procurement technical assistance services as part of this project.

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