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Island Institute announces community development fund

Jul 03, 2019

Rockland — The Island Institute, announced July 1 the launch of the Tom Glenn Community Impact Fund, a new catalyst fund that seeks to build a more diverse coastal economy by providing grants, loans and equity investments for small businesses and municipalities. The fund was made possible through a grant from The Wilbur and Hilda Glenn Family Foundation to honor Tom Glenn II and his lifelong commitment to Maine’s island and coastal communities.

The Tom Glenn Community Impact Fund supports the Island Institute’s strategic priority, strengthening community economies, giving preference to projects aligned with the organization’s impact targets for economically critical community infrastructure and the diversification of coastal livelihoods.

Island Institute grant and loan programs seek to impact the following beneficiaries in Maine’s island and coastal communities: small-business owners, municipal officials, local leaders, volunteer groups, local nonprofit organizations, artists and makers, electric co-ops, fishermen and harvesters, and seafood processors and distributors. This financial support is designed for broadband, energy, sea-level rise, working waterfront infrastructure planning projects, and small business development and expansion.

For more information or to apply online visit: islandinstitute.org/tom-glenn-community-impact-fund. Contact Craig Olson at colson@islandinstitute.org with questions.

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