Economic Development

Mobilize Midcoast Maine

Mobilize Maine is a new approach to economic development.  It is a private sector driven economic development project that seeks to leverage the assets of Midcoast Maine to create jobs. This project is statewide – the seven economic development districts will synthesize this grass roots process into a powerful statewide economic development strategy – the first time such a strategy has been developed.  Click on the above link to learn more.

Comprehensive Economic Development Strategy

The Comprehensive Economic Development Strategy (CEDS) serves as a guide for establishing regional goals and objectives, developing and implementing a regional plan of action, and identifying investment priorities and funding sources.  It also prioritizes job creation projects within the region. The federal government relies upon the CEDS when making grant awards for economic development activities.  MCEDD develops a yearly CEDS report for the region.

2015 Comprehensive Economic Development Strategy (CEDS)

Business Lending

Through its Business Lending program, MCEDD provides direct financing assistance for start-ups, expansions and modernizations throughout the Midcoast region. Over $1.5MM in loans have leveraged another $7.2MM in private financing and have led to the retention of more than 210 jobs and the creation of more than 110 jobs. For more information, contact:

Brian Dancause, MCEDD Lending Programs Specialist

March 24, 2015 ‘Financing Your Micro Business’ Workshop, Curtis Memorial Library, Brunswick

Maine’s Opportunity Coast Website is a one-stop business attraction web portal for entrepreneurs. Workforce and demographic data, community profiles, and a searchable database of available commercial properties are some of the elements of this unique business attraction web portal.

Community Development Block Grant Program

CDBG Technical Assistance is available to municipalities who have economic or community development projects to fund, but do not have the staff capacity to develop funding.