Dexter seeks grants to help local businesses

By Diana Bowley, BDN Staff
Posted April 15, 2009, at 11:23 p.m.

DEXTER, Maine — Town officials are working with two local businesses that want to expand and create jobs.

Michael McCormick, who operates a consulting business on Main Street, wants to renovate his building to allow for commercial space on the first floor and to expand and move his consulting business to the top floor, according to Dexter Town Manager Dave Pearson.

To help this move, the town plans to apply for a $100,000 Community Development Block Grant. If the federal business enterprise grant is awarded, Pearson said, the town would keep the money until McCormick completed his project. The businessman would have to secure financing to do the project and once completed, the town would reimburse him through the grant. The grant requires no local match from the town.

A second business enterprise grant application for $150,000 will be submitted by the town on behalf of HydroPhi, a local technology firm, which would like to expand its facility on Goff Road. If the grant were approved, the company would need to match it with $350,000, according to Pearson.

Both grant applications must be submitted by June 5. Public hearings on both will be held at 5 p.m. April 29 in the council chambers.

http://bangordailynews.com/2009/04/15/news/dexter-seeks-grants-to-help-local-businesses/ printed on April 21, 2014