Eastern Maine Development Corporation

“The Form 990 is provided to the Board of Directors for consent before filing”

“The monitoring is applied consistently and conflicts of interest that arise are handled immediately with disciplinary or discharge action taken. The directors are required to read and sign a copy of the conflict of interest policy at each Board of Directors meeting.”

“The Board of Directors set the compensation for the President and appoints a sub-committee made up of directors to review the Presidents performance. The sub-committee makes recommendations to the Board for salary increases and sets performance goals accordingly. The President is responsible for reviewing the performance of key employees, establishing pay and setting performance goals. The organization uses comparable data for its industry group and locale to set its pay structure”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request”

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 Community Development Technical assistance is provided to businesses and communities for planning, business services preparation of business plans, marketing, second stage business planning, loan financing, access to technology, and climate resiliency. A total of 1,157 business and 542 community encounters were performed. The Community Impact Lending department provided technical assistance through a total of 708 encounters and approved 1,715,120 in loans to16 clients. Housing EMDC received a new grant in 2023 to perform a pilot project to assess housing stock and needs. Equity Impact Investments We are working to develop the EMDC Equity Center which will house the immigrant Welcome Center, regional project development, staffing for Piscataquis County economic development and the Recreation Economy for Rural Community program, and a childcare center for those receiving workforce and ESL training by EMDC. Broadband EMDC received 185,000 in funds for Year two of the Regional and Tribal Broadband Partners program.”

“Program Service Expenses 0, Grants and allocations 0, Revenue 0 APEX Maine APEX Program The Federal Procurement Technical Assistance Program PTAP was set up under Title 10, United States Code, Chapter 142 in 1985. It is implemented in Maine through the Maine APEX Accelerator Program. Maine APEX is a statewide program which offers procurement technical assistance services to Maine Businesses on issues related to government contracting. During 2023, Maine APEX staff sponsored 38 outreach events, including training workshops, and participated in 63 non-sponsored outreach events. The program also provides one-on-one counseling and a Bid Match service to the 1,217 active clients and supplies them with relevant information about government contracting through newsletters, online training, social media platforms and a website www.maineapex.com. Clients assisted by Maine APEX have reported over 2,459 government prime and subcontract awards worth over 2.359 billion during 2023.”

“Program Service Expenses 9,226,958, Grants and allocations 0, Revenue 0 Workforce Services Program EMDC provided an extensive array of workforce development services to economically disadvantaged adults, at-risk youth, dislocated workers, seasonal and migrant farmworkers and individuals re entering the workforce from incarceration and/or substance use disorder recovery services throughout Penobscot, Piscataquis, Washington and Hancock counties. EMDC invested in direct workforce services to 754 individuals through a number of funding programs including US Department of Labors Workforce Innovation and Opportunity Act WIOA and US Department of Labors National Dislocated Worker Grant NDWG-Opioid. 85 of the individuals served during the FY23 period were enrolled in our Opioid National Dislocated Worker Grant ONDWG. These services are delivered at no cost to participants who meet the eligibility criteria for the following programs and include Occupational Skills Training, On-the-Job Training OJT, Work Experience, Basic Education Skills, Employability Services and Supportive Services.”