Machias Savings Bank: Community Development Grant

The Machias Savings Bank Community Development Grant aims to support projects that enhance community wellness, education, and economic development within its primary lending area. With funding available up to $10,000 per project, the grant prioritizes initiatives that benefit low-to-moderate income individuals and families. Eligible projects include job creation, affordable housing, and community revitalization efforts. The grant is designed to foster sustainable development and support local communities in achieving their goals.

We are pleased to announce our Community Development Grant. The beneficiary(ies) of this award will have a deserving project(s) located or serving in Machias Savings Bank’s primary lending area, as defined in our CRA Public File. Our primary lending area shall, at a minimum, include all areas where a Machias Savings Bank location is present. Grant funds are generally awarded in various denominations to several deserving applicants throughout our service area.
Machias Savings Bank’s goal is to fund in our giving priorities of community wellness, youth and education and economic development projects that result in a satisfactory level of community development. An emphasis will be made on projects that will benefit low-to-moderate income individuals and/or families. Ideally, grant funds will be awarded to projects or services that: create or retain jobs, revitalize communities within our service area, help to provide affordable housing or other programs designed to assist low-to-moderate income individuals and/or families.
Technology assistance to entrepreneurs
Mentorship for workforce development and/or entrepreneurship

Ineligibility

The following requests will not be considered:Any request for direct support of an individual
Competitions or athletic sponsorships
Travel, sponsorship or funding for student or athletic groups
Academic research, fellowships or publications
Construction or improvement of playgrounds and/or skate parks
Any project that does not meet Machias Savings Bank’s definition of Community Development
Any projects or organizations deemed controversial by Machias Savings BankAdditionally, proceeds from grant funds may not be used for:Bad Debts
Costs incurred prior to the start of the grant
Education - with the exception of financial wellness/economic development/workforce development certification