After one successful business venture, Lauren Allen approached business advisor Josh Nadeau of Northern Maine Development Commission for a second time with a larger business idea that was close to her heart. Allen had always dreamed of owning her own horse stable. She had found an existing stable that was not being utilized to its […]
CARIBOU, ME — Northern Maine Development Commission is expanding its Business Finance Division to better serve the needs of Covid-19 effected companies and others who want to start or grow their businesses. Josh Nadeau, formerly the Small Business Development Center Director (SBDC) at NMDC, has moved into a recently created Commercial Loan Officer […]
AROOSTOOK COUNTY — Snowmobile season has come to a close, but Northern Maine Development Commission (NMDC) and Aroostook County Tourism (ACT) are already thinking about bringing in tourists to experience the newly designated federal bicycle route connecting Bangor to Allagash. The U.S. Department of Transportation quietly approved the designation in December, which created the […]
CARIBOU, ME — Northern Maine Development Commission (NMDC) announced it has been awarded $500,000 in financial assistance from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). Altogether, the CDFI fund awarded $188.7 million in Financial Assistance awards to 284 CDFIs this month. In Maine only three organizations were […]
Work is nearly complete to federally designate a bicycle route connecting Bangor to Allagash. A route which should provide significant economic, transportation, environmental, and health benefits to residents and visitors to northern Penobscot and Aroostook Counties. Northern Maine Development Commission (NMDC), in conjunction with the Maine Department of Transportation (MaineDOT), started the project to achieve […]