Eastern Maine Development Corporation has been awarded $400,000 to support the redevelopment and revitalization of small businesses in Penobscot, Piscataquis, Waldo and Hancock counties that have suffered financial harm as a result of the COVID-19 pandemic.

Maine's U.S. Sens. Susan Collins and Angus King announced today the funding today, awarded through the Economic Development Administration's CARES Act Recovery Assistance Program.

“During this public health and economic crisis, Eastern Maine Development Corporation has continued to connect small businesses, communities, and individuals with the resources they need to get through this difficult time,”Collins and King said in a joint statement. “We welcome this important investment, which will support Eastern Maine Development Corporation’s outstanding efforts to support the local economy and communities in four counties.”

This funding will assist the organization with developing an economic recovery plan, deploy disaster recovery coordinators, provide needed technical assistance to local stakeholders, and fund necessary technology and staff support for pandemic-response activities.

The CARES Act, which was signed into law March 27, provided EDA with $1.5 billion for economic development assistance programs to help communities respond to the coronavirus.

Eastern Maine Development Corporation (EMDC) provides integrated services that boost businesses, communities, and individuals in Penobscot, Piscataquis, Waldo and Hancock counties.