WASHINGTON, D.C. — A $400,000 grant has been awarded to the Midcoast Economic Development District located in Damariscotta from the Economic Development Administration.
The organization supports redevelopment and revitalization in the region to diversify and strengthen the regional economy.
The funding, authorized under the CARES Act, will assist the organization in coronavirus response, recovery, and resiliency.
The scope of work requires the recipient to undertake one or more of the following pre-approved activities:
(1) the development of an economic recovery and resilience plan, tied to the applicant’s approved Comprehensive Economic Development Strategy, to address the economic impacts of the coronavirus pandemic
(2) the deployment of disaster recovery coordinators to orchestrate the region’s response to the pandemic
(3) the provision of technical assistance, as necessary, to local governments, businesses, and other stakeholder organizations
(4) the funding of appropriate technology and staff support for these pandemic-response activities.