Old News Archive

Bangor Savings Bank supports community development efforts

January 16, 2007 - TRC

The Piscataquis County Economic Development Council (PCEDC) recently received an important vote of confidence, along with financial support, from the Bangor Savings Bank Foundation.

The PCEDC created a new community development specialist position last year using funds from a USDA Rural Development grant. The grant, which requires a 50/50 local match, will help pay for downtown revitalization projects, tourism infrastructure improvements, affordable housing needs and technical support to non-profits that deal with tourism and tourism-based small businesses. Because the grant required the dollar-for-dollar , the PCEDC is in the process of seeking support for their share of the three-year community development project.

In August, PCEDC Community Development Specialist Sheila Grant applied for some of those matching funds from Bangor Savings Bank Foundation. Just before the holidays, Grant received verification from Bangor Savings Bank Program Officer Darlene Hawkes that PCEDC had been awarded $2,500 in matching funds for their community development work.

We are so pleased to add such a well-respected partner to this project, said PCEDC President Jack Clukey, who met with Bangor Savings Bank Vice President Heather Weymouth, Branch Manager of the Dover-Foxcroft branch of Bangor Savings Bank, on January 10 to formally accept the grant funds. The PCEDC is supported mainly through county funds and annual donations from local businesses. Every dollar that we raise through partnerships like this one with Bangor Savings Bank Foundation saves local people from assisting with the community development match expense through their county tax dollars.

This project meets the Foundation's goals to support projects that will make our communities more prosperous, more livable, and more vibrant, wrote Bangor Savings Bank Foundation President and CEO James Conlon in a letter of congratulations to PCEDC.

Current PCEDC community development projects around the county include assistance to the Town of Milo on creation of the Eastern Piscataquis Industrial Park and on downtown revitalization issues; assistance to the Town of Dover-Foxcroft on locating funding for sidewalks on Harrison Avenue for school children, funding for intersection realignment and audible crossings, helping the local historical society with funding and organizational issues and moving forward with the town's downtown revitalization plan; and assisting the Town of Monson with projects to improve water service to residents and to make improvements to the Appalachian Trail parking lot.

NOTE - This article reflects the views of the author and not necessarily those of the TRC Alliance Team.