The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $100,000 Project Grant under the Rural Microentrepreneur Assistance Program (CFDA 10.870) to the Southern Maine Finance Agency, a non-profit community development organization, to provide rural microentrepreneurs in Maine with the skills and financial/technical assistance necessary to establish and operate successful new rural microenterprises. The grant will be used to offer direct loans, business training, and ongoing support to small businesses with 10 or fewer employees in rural areas outside cities with populations under 50,000, with a focus on underserved communities such as low-income, minority, and women-owned enterprises. The 2-year project grant is intended to foster economic development in rural Maine through empowering microentrepreneurs.
Generated 3/4/25, 4:12 AM