Blog Archive: January 1, 2020 - December 31, 2020

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...

Harpswell Coastal Academy

March 27, 2020

Harpswell Coastal Academy Starts Trimester 3 Online After Three Days of Planning and PreparationBrunswick, Maine – Harpswell Coastal Academy (HCA) kicked off Trimester 3 course online this past Thursday after three quick days of students and staff acclimating to online learning. Last Monday, teachers and other staff members met to plan the transition not only of instruction, but also of food services, special education delivery and social services. On Tuesday, crews (home rooms) started their first daily 9:00 a.m. online meetings. By last Thursday, all were ready for the start of online classes for the new trimester. Read more...

United Way Launches COVID-19 Urgent Needs Fund 100% of Donated Funds to Go to Meeting Additional Local Needs

March 25, 2020

United Way Launches COVID-19 Urgent Needs Fund 100% of Donated Funds to Go to Meeting Additional Local Needs United Way of Mid Coast Maine announced Monday that it has created a special Fund to help initiatives and agencies meet the increased needs of local people during the COVID-19 pandemic. 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...

New Flexibility with Unemployment Insurance from MDOL

March 20, 2020

These temporary measures will help relieve the financial burden of temporary layoffs, isolation, and medically-necessary quarantine by making unemployment benefits available to individuals whose employment has been impacted by COVID-19. “If workers do not have access to employer-provided paid time off or leave, this legislation can provide an important partial wage replacement,” Labor Commissioner Laura Fortman said. “This helps not only the individual but allows employers to retain their workforce and stabilize local economies.” Read more...

Covid-19: FAME & SBA Loans To Help Businesses and Individuals

March 20, 2020

A huge thank you to Tony Cameron and the Maine Tourism Association and Tony Cameron for this concise explanation of the loan programs. The Chamber was going to write a similar piece, but this is so...

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