People's United Community Foundation Awards $6,000 to MaineStream Finance in BangorDecember 20, 2013
BANGOR, ME â€“ The Peopleâ€™s United Community Foundation, the philanthropic arm of Peopleâ€™s United Bank, announced today that it has once again awarded $6,000 to MaineStream Finance in Bangor, Maine.
Established by Penquis Community Action Program, MaineStream Finance is a not-for-profit Community Development Corporation and Community Development Financial Institution addressing the needs of Maineâ€™s low- and moderate-income populations. MaineStream Finance provides financial training and counseling to existing and start-up businesses, assists first-time homebuyers, and helps individuals understand the foreclosure process, budget planning, and how to repair bad credit.
The funding from Peopleâ€™s United Community Foundation will support Incubator Without Walls, a microenterprise training and technical assistance program assisting entrepreneurs in starting or expanding a business with ten or fewer employees.
"MaineStream Finance greatly appreciates the continued support of the Peopleâ€™s United Community Foundation. These funds will be used to assist hundreds of small and micro-businesses in starting, expanding and growing successfully," said Jayne Crosby Giles, Chief Executive Officer of MaineStream Finance.
â€śWe are pleased to be able to support MaineStream Finance in its efforts to meet the needs of small businesses,â€ť said Bill Lucy, Officer of Peopleâ€™s United Community Foundation and President of Peopleâ€™s United Bank in Northern Maine. â€śMaineStream Finance provides a critical service to Maine businesses and is instrumental in the economic growth of our community.â€ť
Established in 2007, Peopleâ€™s United Community Foundation was formed to help support programs and activities that enhance the quality of life for citizens in the communities that Peopleâ€™s United Bank serves. Peopleâ€™s United Bank, founded in 1842 and serving customers from New York to Maine through a network of more than 400 branches, is the largest independent bank headquartered in New England. The Foundation places special emphasis on programs designed to promote economic self-sufficiency, education and improved conditions for low-income families and neighborhoods. The funding priorities of the Foundation include community development, youth development, and affordable housing.
[Photo cutline: (left to right) Bill Lucy, Officer, Peopleâ€™s United Bank Community Foundation and President of Peopleâ€™s United Bank in Northern Maine delivers a $6,000 check to Jayne Crosby Giles, Chief Executive Officer, MaineStream Finance]
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