Blog - Business Topics - General

MDOL Rapid Response Team Here to Help the Unemployed

May 15, 2020

Whenever a layoff or business closing occurs, the Maine Department of Labor’s Rapid Response Team is available to assist. Here is a list of our services. Read more...

May 5 deadline for VA, SSI recipients who don’t file a tax return and have dependents

May 1, 2020

The Internal Revenue Service today reminded Supplemental Security Income and Department of Veterans Affairs beneficiaries to act by Tuesday, May 5 if they didn’t file a tax return in 2018 or 2019 and have dependents so they can quickly receive the full amount of their Economic Impact Payment. Their $1,200 payments will be issued soon and, in order to add the $500 per eligible child amount to these payments, the IRS needs the dependent information before the payments are issued Read more...

Governor Mills Presents Safe, Gradual Plan to Restart Maine’s Economy

April 28, 2020

Governor Janet Mills today presented her Administration’s plan to gradually and safely restart Maine’s economy. The plan, which comes as the State appears to be successfully flattening the curve, establishes four gradual stages of reopening, the first of which begins May 1st. The stages focus not on essential v. non-essential designations like those used to originally limit business operations and activities, but on the ability of a business to operate or an activity to occur in a manner that protects public health and safety. As the Administration gradually eases restrictions on some businesses and activities, it also implements protective protocols, along with broader additional health and safety measures, to protect Maine people. Read more...

TD Bank Paycheck Protection Starter Link

April 6, 2020

TD Bank accepting PPP applications online Read more...

Midcoast FCU Offers Other Financial Options

April 3, 2020

At this time, Midcoast Federal Credit Union is not an SBA lender and can only refer interested parties to the SBA for guidance and programs. However, we do have two consumer loan programs that can...

Bath Savings Institution Guidelines for the PPP

April 3, 2020

BSI Customers are encouraged to log onto https://home.treasury.gov/cares website to fill out the application. They can forward their application along with supporting documentation to...

Mechainics Savings Message on the PPP

April 3, 2020

Guidance on Mechanics Savings protocol for the Paycheck Protection Program Read more...

Federal Families First Coronavirus Response Act Effective April 1

April 3, 2020

On Wednesday, April 1, the new Families First Coronavirus Response Act went into effect. This federal Act requires some employers in Maine to provide their employees with paid sick leave and expanded medical leave for reasons related to COVID-19. A link to the FFCRA language can be found here: https://www.congress.gov/116/plaws/publ127/PLAW-116publ127.pdf . The new federal requirements apply to covered employers as defined in the Act, which includes most businesses with fewer than 500 employees and almost all public employers. The Act allows for these businesses to be reimbursed for expenses they incur to provide required paid leave through a payroll tax credit. Certain businesses with fewer than 50 employees can seek an exemption. Businesses must seek this exemption at the federal level. Read more...

From the ED's Desk: Helping Businesses During Covid-19

March 25, 2020

A best-practice primer with a touch of kindness from Executive Director Cory King Read more...

Covid-19: USDA Announces New Food Program For Rural School Children

March 20, 2020

USDA Announces Feeding Program Partnership in Response to COVID-19 Collaboration will provide nearly 1,000,000 meals to rural children (Washington, D.C., March 17, 2020) – U.S. Secretary of...