Question 1

What is the Northern Maine Development Commission (NMDC)?

Accepted Answer

The Northern Maine Development Commission (NMDC) is a membership organization comprised of participating communities and counties in the Aroostook-Washington Economic Development District. NMDC provides federal and state services at the regional and local levels, and also manages and supports organizations like Aroostook County Tourism (ACT), Aroostook Municipal Association (AMA), and Aroostook Partnership.

Question 2

What services does NMDC provide?

Accepted Answer

As a Community Development Financial Institution (CDFI), NMDC provides valuable financial products and services that support business growth and community development. This includes offering affordable financial solutions to start-ups and existing businesses, which is essential for fostering a vibrant local economy and promoting regional prosperity.

Question 3

How does NMDC help businesses access funding?

Accepted Answer

NMDC is a proud member of the Maine Funding Network, which provides a way for businesses to navigate public and nonprofit funding in Maine. Through the Maine Funding Network, businesses at every stage and every size can more readily access multiple funding resources in one place, whether they are entering a growth phase, moving their business to Maine, or just looking for funding.

Question 4

What are some of NMDC's other initiatives and programs?

Accepted Answer

In addition to its financial services, NMDC is involved in a range of economic development, land use planning, transportation, waste management, emergency preparedness, and code enforcement efforts across northern and eastern Maine. The organization also supports the Wolastoq-St. John Restoration Initiative and the Center for Business Growth @ NMDC.

Question 5

How can businesses and communities get involved with NMDC?

Accepted Answer

Businesses and communities in northern and eastern Maine can become members of NMDC to access its services and participate in its various initiatives and programs. Interested parties can learn more about NMDC and its offerings by visiting the organization's website or contacting the team directly.

Northern Maine Finance Corporation

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About Northern Maine Finance Corporation

Frequently Asked Questions about Northern Maine Finance Corporation

What is the Northern Maine Development Commission (NMDC)?

What services does NMDC provide?

How does NMDC help businesses access funding?

What are some of NMDC's other initiatives and programs?

How can businesses and communities get involved with NMDC?

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