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AUGUSTA, Maine — The beginning of a brand new enterprise grant program will probably be delayed yet another day after the system that handles purposes for the funding crashed.
Functions for the Tourism, Hospitality and Retail Recovery Grant Program have been imagined to open Wednesday, however statewide power outages pushed the opening to Thursday.
Now, the system that handles purposes for this system has crashed.
The state Division of Financial and Group Improvement mentioned Thursday morning that the web portal to use for the grant will now be obtainable at 9 a.m. on Friday. The system is utilized by different states, that are additionally experiencing difficulties, in line with the division.
The brand new reduction program goals to assist retail and hospitality companies which have been laborious hit by the financial slowdown from the coronavirus pandemic. This system takes $30 million in current funds left over from a $200 million small enterprise grant program the state launched in August and provides $10 million in extra funding from an allotment Maine acquired by means of a March stimulus package deal.
This system is meant to be obtainable on a first-come, first served foundation, and anybody who submitted an utility earlier than the crash ought to have acquired a affirmation e mail, the division mentioned.
The brand new program evaluates want based mostly on product sales misplaced between March and September of this yr in comparison with the identical time interval in 2019. Companies with product sales of greater than $12 million a yr aren’t eligible. The utmost grant quantity is $20,000.
Gov. Janet Mills’ administration has already distributed about $158.6 million to three,551 companies and nonprofits by means of a earlier enterprise reduction program. Maine has used almost half of its coronavirus reduction funds to offer enterprise and group assist, according to the state’s budget office. That quantity is still less than what an financial panel advising Mills on the best way to assist companies throughout the pandemic advisable.