New Bill Of Maine Legislators Reserve $50 Million For Maine Small Businesses Damaged By Severe Storms

The bill of Maine Legislators would be able to allocate one-time payments for Maine aid from the impacts of severe weather like the storms that hit the state in December and January.

New Bill Of Maine Legislators Reserve $50 Million For Maine Small Businesses Damaged By Severe Storms
New Bill Of Maine Legislators Reserve $50 Million For Maine Small Businesses Damaged By Severe Storms (Photo: Bay News 9)

Maine Legislators hope they can help as they introduced an emergency bill in January

The bill’s journey through the Maine Legislators started last Tuesday with a public hearing before the Innovation, Development, Economic Advancement and Business Committee known as the IDEA Committee.

Small businesses that suffered from a series of storms in December and January soon might find relief payment from Maine Legislators who set aside $50 million in state funds to provide relief payment.

Small businesses can apply for one-time payments for relief aid from the impacts of severe weather-related events and those payments would come from the new Small Business Weather Emergency Relief Program, which Maine legislators are proposing to fund with $50 million from the general fund of the state.

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No one testified in opposition to the bill passed by the Maine legislators

The IDEA Committee did not question whether this bill of Maine legislators was needed. Rather, the committee is rassling with what kinds of businesses would qualify for this financial aid.

The bipartisan group of l Maine legislators sponsoring the bill proposes taking $50 million from the general fund of Maine State to aid businesses recovering from the negative results of the storm.

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