Pingree Announces $1.4M Federal Investment in Maine Entrepreneurs & Startups
Portland, Maine, September 16, 2020
Congresswoman Chellie Pingree (D-Maine) today announced the award of three grants from the Economic Development Association (EDA) for Maine’s small business innovation, totaling $1,412,525. The grants will support startup, creation, innovation, and commercialization in a range of fields, from bioscience to agriculture to technology.
“At a time when the future of many businesses is challenging or unclear, businesses will need to be innovative to survive. Early capital and access to industry experts is key for startups to grow into successful businesses. As a member of the House Appropriations Committee, I’ve long championed federal investment in Maine’s small businesses and I’m proud that a variety of Maine businesses —from farms and technology companies to bioscience—will take advantage of this funding,” said Pingree.
Details of the grants are available below:
As a member of the House Appropriations Committee, Pingree advocated for the U.S. Economic Development Administration (EDA) to receive $333 million in programmatic funding in Fiscal Year 2020 due to the program’s demonstrated success in private sector job creation and economic growth in distressed areas.