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:
Economic Development Director for the City of Belfast
Belfast City Hall
131 Church Street
Belfast, Maine, 04915
or via email to firstname.lastname@example.org at any time prior to the public hearing. Questions regarding this grant application can also be directed to Thomas Kittredge via email at email@example.com or via phone at (207) 338-3770, extension 116. More information regarding the grant application can also be found at www.cityofbelfast.org/gologic