Microenterprise Assistance Program
Forecasted
The Microenterprise Assistance Program from Maine DECD funds municipalities to support innovative growth and improvements for Maine’s micro-enterprise businesses.
Funder: Maine Department of Economic and Community Development
Due Dates (Anticipated): January 2027 (Application deadline, projected)
Funding Amounts: Up to $150,000 per community per year; up to $50,000 per individual business.
Summary: Supports innovative solutions and improvements for micro-enterprise businesses in Maine through grants or loans administered by municipalities.
Key Information: Only municipalities (not individual businesses) may apply; businesses must work with their local government.
Description
The Microenterprise Assistance Program is designed to help Maine's smallest businesses address operational and capital challenges. Administered by the Maine Department of Economic and Community Development (DECD), the program provides funding to municipalities, which in turn support eligible for-profit micro-enterprise businesses through grants or loans. Funding can be used for working capital, interior renovations, exterior improvements (such as signage, painting, lighting, awnings, and display windows), and necessary planning activities that facilitate project development. The goal is to foster growth, innovation, and resilience among Maine's micro-enterprises.
