Portland Business assistance program for job creation
The City of Portland’s new Business Assistance Program for Job Creation offers grants to new and expanding for profit Portland businesses for projects that result in the creation of permanent net new jobs. A private match is required in an amount that is at least equal to the grant requested.
Use: Objectives •At least 51% of jobs created go to low/moderate income (LMI) Portland residents; •Assist in new business formation and existing business expansion; •Leverage private investment to support business growth; •Help new and existing small businesses establish credit. •Enhance the health and vitality of Portland’s economy.
Amount: 10,000
Exposure: Amount of Match: Equal to or greater than grant amount • Match Sources: At least 50% applicant cash equity; the remainder may include a bank or credit union loan or, if not accessible, a loan from the City of Portland’s Revolving Loan Program.
More Information...

Provider Information

City of Portland/Economic Development Division
389 Congress Street
Portland , ME 04101
207-874-8683
207-756-8217
ljn@portlandmaine.gov
www.portlandmaine.gov

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