Applications open for Machias Savings Bank’s $100,000 Community Development Grant

Applications for Machias Savings Bank’s 2024 Community Development Grant are now open. Grants of up to $10,000 will be awarded to deserving projects, resulting in a total of $100,000 in funding to organizations around the state.

Machias Savings Bank seeks to support 501(c)3 organizations prioritizing financial health, community wellness, youth and education, and economic development projects focused on community development. An emphasis will be made on projects that will benefit low-to-moderate income individuals and/or families. Grant funds will be awarded to projects or services that create or retain jobs, revitalize communities within the bank’s service area, and help to provide affordable housing or other programs designed to assist low-to-moderate income individuals and/or families.

“The Community Development Grant provides funding to nonprofits across the state who are removing barriers for low-income community members,” said Melissa Denbow, VP community impact manager at Machias Savings Bank. “By partnering with their efforts, together we are helping communities thrive and, in turn, building a stronger state.”

In past years, the grant has funded projects including business incubator programs, housing programs, innovation in natural resource-based businesses, technology assistance for entrepreneurs, mentorship for workforce development and/or entrepreneurship, youth based entrepreneurship programs, financial wellness education, and nutritional support initiatives.

All applications must be submitted by Friday, May 17. Complete grant guidelines and specifics on submitting applications can be found online at http://www.machiassavings.bank/guidelines.aspx .

With nearly $2.3 billion in assets, 300 employees, and 15 branches from Portland to Caribou, Machias Savings Bank seeks to move Maine forward through financial health, one person, one business and one community at a time. Founded in 1869 and a leader in customer experience and community, Machias works to expand its impact beyond products and services through community donations, its employee volunteer program, and by personalizing each customer relationship to help Maine businesses and individuals find their “YES!” More details about Machias Savings Bank can be found online at machiassavings.bank. Member FDIC.