02/04/21 MLREDC Announces Allen Family Economic Growth Fund

The Moosehead Lake Region Economic Development Corp (MLREDC) is pleased to announce the Allen Family Economic Growth Fund (Allen Fund) made possible by a generous $750,000 dollar donation by the late Charlotte L. Allen. Charlotte passed away March 8th, 2020 at her camp on Sawyer Pond in Greenville. It was her wish to strengthen the Moosehead Lake region through this donation. Charlotte’s passion for the Moosehead Lake region began many years ago when she and her late husband Telford M. Allen owned the Birches Resort in Rockwood. Ever since then Charlotte has remained committed to the region. She worked closely with her grandson Telford M. Allen III on a plan that would enhance economic growth in the region by both su​pporting local business growth and attracting new business investments. The objective of the Allen Fund is to serve as a catalyst for entrepreneurial business development in the Moosehead Lake Region by providing small grants and loans to qualified people and businesses that support both the start-up of new business enterprises and the growth of businesses. The primary focus of the funding will be to support sustainable new ventures and the creation of quality jobs in the region. It is intended to be a revolving, self-sustaining fund that will help enhance the regional economy for many years says Steve Levesque, President of the MLREDC. Application attached to this entry and available on MLREDC Face Book page. Download the Business Grant Application Download the Revolving Load Fund Application