Wall St. investment group helps grow Maine jobs | News
BRUNSWICK, Maine (NEWS CENTER) -- Will small business and innovation pull Maine out of recession and grow new jobs? A big Wall Street investment company is betting on it.
The Blackstone Charitable Foundation, created by the Blackstone Group, has announced a $3 million grant to help grow new jobs in Maine. The Foundation calls it "Accelerate Growth," and is targeting the money at several existing programs that provide mentoring and other assistance to entrepreneurs and innovative small businesses.
The company's CEO, Stephen Schwarzman, told the audience at Brunswick Landing the growing Maine's innovative economy can create ten thousand new jobs in the next ten years-and that's the Foundation's goal for the project.
Karen Mills of Brunswick, the Director of the U.S. Small Business Administration, says it can be done. Mills says that with the proper coaching and other assistance the grant can provide, innovative businesses can succeed and grow rapidly, and change Maine's economy for decades. The grant from the Blackstone Foundation is one of three being provided to rural states to help encourage job growth.
Upcoming Events near Bath - Brunswick
Most popular stories from nearby communities
- This is Home promo featuring the Yarmouth Clam Festival
- Food company grant has been established in Maine to train new dairy farmers.
- Mainers celebrate Social Media Day (#SMDayME)
- Local business filling order for big client
- 1st Statewide Virtual Public School Hosts In-Person Info Session in Freeport for Interested Families
- Washburn-Norlands Living History Center Receives $15,000 Grant to Restore Historic Windows
- 1st Statewide Virtual Public School Hosts In-Person Info Session in Auburn for Interested Families
- Strawberry Festival and Living History Heritage Day at the Norlands
- Comedy Fix XIV to benefit GAHS
- Comedy Night at Narals