The Community Development Grant by Machias Savings Bank aims to improve community wellness, youth and education, and economic development in Machias Savings Bank’s primary lending area, focusing on low-to-moderate income individuals and/or families. The grant supports projects creating or retaining jobs, revitalizing communities, providing affordable housing, or other programs designed to assist low-to-moderate income individuals and/or families. The total grant amount is $100,000, with a maximum award of $10,000 per project. Eligible projects include business incubator programs, housing programs, technology assistance to entrepreneurs, mentorship for workforce development, youth-based entrepreneurship programs, financial wellness education, and nutritional support initiatives. The application opens on April 12th, with a deadline of May 17th, and recipients will be selected by June 14th.
