Economic Development Plan Implementation Program

Description

The Portland Economic Development Vision and Plan, along with the companion Current Work Plan (updated every 2 years), was development through collaboration among the City, Portland Community Chamber and Creative Portland, as well as stakeholders from a range of industry sectors.  To assist with implementation of the Current Work Plan as well as the larger Vision and Plan, the Portland Economic Development Plan Implementation Program (PEDPIP) was created. 

PEDPIP provides non-profits and the City with matching grants to assist them with planning studies and other “soft” costs associated with economic development projects and programs in the Current Work Plan and the larger Vision and Plan.   PEDPIP does not fund “hard” costs for public infrastructure or private development projects.

Objective

To support the growth of Portland’s economy through investing in projects and programs which implement the Portland Economic Development Vision and Plan, and the Current Work Plan.

Eligible Activities (In order of funding priority)

  1. Projects/Programs listed in the Current Work Plan, the companion document to the Portland Economic Development Vision and Plan;
  2. Projects/Programs found in the Economic Development Vision and Plan that are in the highlighted boxes, each titled “Work Plan”;
  3. Projects/Programs not listed in the Current Work Plan or in the highlighted boxes titled “Work Plan” in the Economic Development Vision and Plan, but are determined by the Portland Development Corporation to be related to implementation of the Economic Development Vision and Plan.

Funding Requirements

  • Maximum grant request is $15,000;
  • Grants must be matched by an equal or greater dollar amount from funding sources other than the Portland Development Corporation.

Eligible Applicants

Not-for-profit organizations and the City of Portland that are working to implement the City of Portland’s Economic Development Vision and Plan, and Current Work Plan.

Source of PEDPIP Funds

The Portland Development Corporation utilizes up to 10% of its Unrestricted Funds for PEDPIP grants.  This 10% dollar amount is set at the beginning of each fiscal year (July 1) to determine that year’s allocation for PEDPIP grants.

Application and Approval Process

Effective as of July 1, 2016, grant applications are due at 3:00 PM on the last day of September that falls on a weekday.  If grant funds remain after awards are made from the September round, then grant applications will again be accepted and are due at 3:00 PM on the last day of March that falls on a weekday. Please check with the City’s Economic Development Department to learn whether grant funds will be available for the March round.

Submit applications to: 

Economic Development Department, City Hall
Room 308
389 Congress St.
Portland, ME 04101

or:  nrh@portlandmaine.gov

The Portland Development Corporation reviews and approves all grant requests