COVID-19 Micro-Enterprise Business Grant Program
The Maine Department of Economic & Community Development (DECD) in partnership with the Maine Small Business Development Centers (SBDC) is providing grants of up to $5,000 for businesses with five or fewer employees, with an owner whose income is in the low to moderate range, as defined by the Department of Housing and Urban Development (HUD).
Eligibility criteria include:
- Must be a Maine business and resident
- Must demonstrate a revenue loss as a direct consequence of COVID-19. Funds cannot duplicate those received from other federal, state or local programs (including other CDBG funds).
- Must have five or fewer employees including the owner(s)
- Must have been in business as of December 1, 2019
- Must have a DUNS Number, which can be obtained here.
- Owner’s household income must be low/moderate as defined by HUD as verified by 2019 or 2020 tax return. Please see income eligibility by county (opens in new tab). Total annual household income must not exceed these limits.
Shuttered Venue Operator Grants
The U.S. Small Business Administration has launched its portal for the Shuttered Venue Operators Grant (SVOG) in anticipation of opening applications for the critical economic relief program on Thursday, April 8, 2021. The portal contains frequently updated FAQs, supplemental document info, video tutorials and more.
For more info visit - 5 Things to Know about the Shuttered Venue Operators Grant
Recovery and Relaunch Resource Center
Maine Small Business Development Center's Recovery and Relaunch Resource Center provides businesses with a three-step process to Review, Relaunch and Recover.
Paycheck Protection Program - Round 2
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. SBA is currently offering:
- First Draw PPP Loans for first time program participants
- Second Draw PPP Loans beginning January 13, 2021 for certain businesses who have previously received a PPP loan
- This chart compares PPP vs SVOG vs EIDL eligibility requirements and loan information for the different programs.
COVID-19 Economic Injury Disaster Loan (EIDL)
This program has been extended through December 31, 2021. What You Need to Know About SBA’s Economic Injury Disaster Loan
Maine Resource Compass
Are you a for-profit entrepreneur, nonprofit organization, or small business owner looking for assistance during the COVID-19 crisis? The partners and resources listed on this site provide critical support, programs, and funding for those in need.
COVID 19 Unemployment & Related Federal Programs
Pandemic Unemployment Assistance (PUA) is a federal program that was included in the Coronavirus Aid, Relief and Economic Security (CARES) Act. The program provides support for Americans who are unable to work due to the Coronavirus pandemic, but do not qualify for traditional Unemployment Insurance (UI).
PUA covers the self-employed and many others not typically eligible for traditional unemployment, See details (PDF)
MaineMEP (Manufacturing Extension Partnership) Resources
- Determine supply chain disruption risks. Check out this supply chain disruption checklist created by MaineMEP’s partners in Illinois.
- Develop a Business Continuity Plan: Here are two useful guides Business Continuity Plan 1.
Looking for PPE?
The Manufacturers Association of Maine and The Maine MEP are collectively working with several Maine manufacturing companies making PPE. They continue to update their site with the most current companies making PPE across Maine.
This team is offering free technical assistance to set up online ordering and curbside pickup for local farmers.
Agriculture and Food Business resources from the Maine Department of Agriculture, Conservation and Forestry
Tax relief from the IRS
AVCOG COVID-19 Newsletters - COVID-19 Resource Updates