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What Your Maine Business Needs to Know About ARPA Funding

October 20, 2021 1:13 PM | Carrie Green (Yardley) (Administrator)

Co-Author:  Terry Johnson

(This post will be updated as new information becomes available.)

Keep your eye on these direct grants to private business: 

Department of Agriculture, Conservation and Forestry:

21-22

22-23

Support farms and food processors

$19,792,888

$0

Recovery funds for forest products industry

$10,000,000

$10,000,000

Competitive infra-structure grants for seafood processors and dealers

$10,000,000

$0

Department of Economic and Community Development:

21-22

22-23

Covid – 19 recovery grants.

$20,000,000

$0

Recovery grants for businesses and entrepreneurs not previously qualified

$5,000,000

$1,000,000

FAME loans and guarantees, including rural development projects

$33,400,000

$15,000,000

Business assistance programs through FAME for innovative business financing and organizational models (e.g. B-corps, cooperatives and ESOPs)

$5,000,000

$5,000,000

Technical assistance for new businesses and entrepreneurs

$2,000,000

$2,000,000

Business diversity initiatives

$800,000

$200,000

Matching grants to encourage investment in technology sectors (through the Maine Technology Institute)

$25,000,000

$14,646,609

Efficiency Maine Trust

21-22

22-23

Energy efficiency matching grants

$15,000,000

$35,000,000

Department of Health and Human Services

21-22

22-23

Grants for Improvements to child care facilities

$4,898,297

$4,893,417

Maine State Housing Authority

21-22

22-23

Technical and planning assistance to public and private entities for affordable, energy-efficient housing

$10,000,000

$40,000,000

Department of Professional and Financial Regulation

21-22

22-23

Assist small businesses providing group health insurance

$19,500,000

$19,500,000



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