WASHINGTON, D.C. - U.S. Senators Olympia Snowe and Susan Collins announced today the Department of Commerce's Economic Development Administration (EDA) has issued a grant of $62,000 to the Eastern Maine Development Corporation (EMDC) to continue its regionally-oriented economic development planning program.
"EMDC has proven to be an essential economic resource to the Eastern Maine region, providing aid and consultation in the face of economic downturns and job loss," Senators Snowe and Collins said in a joint statement. "For example, EMDC is helping Millinocket to cope with the loss of 1100 jobs at Great Northern Paper and is currently aiding Dexter as it faces the closing Fayscott factory. These grants are a major funding sources that enables EDMC to both continue long-term development projects and to provide immediate aid in emergency circumstances."
Some of the long-term development projects currently being pursued by EDMC include:
Developing a Comprehensive Economic Development Strategy for the region, tourism development, community infrastructure development, grant application assistance, and downtown and residential housing development. Investing in port development in Searsport and expansion of wood composites incubators in Greenville.
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