Island Institute launches program for small businesses
March 9, 2017
Lobster boats in the harbor of Isle au Haut. Nearly 50% of the community's year-round residents make their living as lobstermen.
By Staff / Mainebiz
The John T. Gorman Foundation is helping to back a new program from the Island Institute to fund coastal and island businesses.
The Island and Coast Business Launchpad program, which was announced in the Working Waterfront publication on March 8, aims to help entrepreneurs in "geographically isolated communities." The program will include an "innovation fund," to provide flexible and community-focused loans, as well as business support, microgrants, digital and financial literacy classes and an aquaculture business-development program.