Falmouth Business Newsletter, Vol. 1, No. 2
Falmouth Business Newsletter, Vol. 1 No. 2 - April 25, 2022
New Covid Recovery Grants Available for Maine Technology Companies
Maine Technology Institute (MTI) has established the “Pandemic Recovery for an Innovative Maine Economy (PRIME) Fund” to distribute $39M in federal funding approved through the American Rescue Plan Act of 2021 (ARPA). This initiative provides grant funding to help Maine businesses recover from the harm caused by the COVID-19 pandemic via business development and innovation in the state’s seven technology sectors (click here for details on each of the sectors):
- Biotechnology
- Composites & Advanced Materials
- Environmental Technologies
- Forest Products & Agriculture
- Information Technology
- Marine Technology & Aquaculture
- Precision Manufacturing
MTI estimates that awards will range from $49,000 to $400,000, depending upon the size and employment base of the applicants. Funds will become available in two phases. Applications for Phase 1 are due May 19, 2022. Award announcements will be made in June 2022.
Commercial Development Updates
The two multi story buildings at the Falmouth Shopping Center on US Route 1 are currently being finished and have been fully leased. Some occupants have already moved in. Here are some images and references to news articles.
- https://www.pressherald.com/2021/09/03/falmouth-shopping-center-project-almost-full/
- https://www.mainebiz.biz/article/falmouth-center-development-moves-ahead-but-on-a-smaller-scale
Recent Commercial Occupancy Permits Issued by the Town
Date Issued | Address | Tax Map | Name | Project |
2/17/2022 | 261 US Route 1, level 2-3 | U12-002 | Lanman Rayne PLLC | New commercial offices |
2/17/2022 | 261 US Route 1, Level 4 | U12-002 | Puritan | New commercial office |
2/17/2022 | 1 Constellation Way | U43-004-001 | MGL Properties LLC | Two commercial office spaces, 4 dwelling units |
2/24/2022 | 241 US Route 1 | U12-002 | JP Morgan Chase Bank NA | New bank |
2/25/2022 | 74 Gray Road, Suite 4 | U44-012 | Peak Dental | Dental practice renovation |
3/28/2022 | 11 Foreside Road | R02-004 | Portland Country Club | New maintenance building |
Upcoming commercial projects
On May 3 the Planning Board will consider site plan approval for a 1,480sf, two-story building addition to the Cumberland County Federal Credit Union at 101 Gray Road.
Sherman’s Book Shop (formerly The Book Review) will be moving from its current space at the Falmouth Shopping Center to the former Lotus Restaurant space at 251 US Route 1.
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