The City of Belfast, ME
is currently working with GO Logic
, LLC, a Belfast-based business specializing in Passive House architecture and construction, to secure a grant in the amount of $240,000 from the Community Development Block Grant Economic Development Program. This program can award grants of up to $250,000 that can be used by a business for capital and non-capital equipment, job training, and working capital. The business ultimately receiving the benefit of the grant must supply matching funds in at least a 2:1 ratio (for every dollar of grant funds received, the business must provide 50 cents of matching funds) and create one full-time equivalent position per $30,000 of grant funding received, with at least 51% of those new positions being taken by individuals from low- to moderate-income households (those being households making less than 80% of the county median income, scaled by household size, for the previous 12 months).
If awarded, G O Logic plans to use this $240,000 to pay for the majority, if not the entirety, of: 1) two butterfly tables (tables that are used in manufacturing processes to aid in the construction of wall and roof panels); and 2) a specialized forklift (to efficiently and safely transport these fabricated panels around their production area). These equipment acquisitions will contribute to the outfitting of G O Logic’s new combined office and production facility located in the Belfast Airport Business Park on Little River Drive. G O Logic will be required to provide (at least) $120,000 in matching funds and also create eight full-time jobs within 12 months of grant award notification, with at least five of them being taken by individuals from low- to moderate-income households.
The City of Belfast will be holding a public hearing on this grant application on Tuesday, May 18th, 2021, as part of its regularly scheduled City Council meeting, which begins at 6:30pm on that date. Public comments will be solicited at this hearing and will be submitted as part of the application. Comments may be submitted in writing to Thomas Kittredge, Economic Development Director for the City of Belfast, Belfast City Hall, 131 Church Street, Belfast Maine, 04915, or via email to email@example.com at any time prior to the public hearing. Questions regarding this grant application can also be directed to Thomas Kittredge via email at firstname.lastname@example.org or via phone at (207) 338-3770, extension 116. More information regarding the grant application can also be found at www.cityofbelfast.org/gologic