Tuesday, March 11, 2014
By Gillian Graham firstname.lastname@example.org
AUGUSTA — Kennebunk will receive a $300,000 economic development award to help fund a water line project on Route 1.
Kennebunk and St. John Plantation were awarded a combined $375,000 in Community Development Block Grant Economic Development Program Awards from the Maine Department of Economic and Community Development.
The federal program provides gap funding for communities to assist businesses in the creation and retention of new jobs. The awards will result in the creation of 13 new jobs, according to a press release from the state Department of Economic and Community Development.
St. John Plantation will use its $75,000 award to defray the purchase cost of concrete forms. The money also will allow for upgrades to a crane carrier and building operated by Charette Foundations, a concrete foundation business.
Charette Foundations will be able to fill three new positions when the project is completed this fall. The total project cost is $150,000.
In Kennebunk, the award will help fund a project to replace and expand water lines in the Route 1 corridor. The $600,000 project, expected to be done later this year, will allow Northeast Coating Technologies to expand its operations and hire 10 extra employees.