2024 Community Development Grant

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.