Boston Fed, State Offer New Grant Program

The Federal Reserve Bank of Boston and Mills Administration announced that they will collaborate to launch the Working Communities Challenge in Maine. The initiative aims to strengthen Maine’s rural towns and smaller cities and is backed in part by $2.7 million in donations. The challenge supports local teams that work together to improve economic outcomes for all people in Maine communities. Successful teams will address economic growth and reduce inequity of opportunity tied to race, ethnicity, and other aspects of identity and background.

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