MaineStream Finance Receives Funding from TD Charitable Foundation


Grant will assist the Maine Micro and Small Business Program

The TD Charitable Foundation has awarded $20,000 to MaineStream Finance, a subsidiary of Penquis. The Maine Micro and Small Business Program will provide technical assistance to self-employed/sole proprietors or microenterprises (businesses with fewer than five employees) as well as those exploring entrepreneurship. The program will focus on MaineStream’s six-county target area: Penobscot, Piscataquis, Hancock, Knox, Waldo, and Washington.

The program provides business advising services and access to capital for small business owners, predominantly microenterprises and sole proprietors. Microenterprise development is considered both an economic development strategy as well as an anti-poverty strategy, which is especially relevant since MaineStream’s target area includes some of Maine’s most rural and economically disadvantaged communities. By helping individuals to plan and adapt to the current business climate, find opportunities for growth, and secure financing, the Maine Micro and Small Business Program will better enable small businesses to survive and thrive.

“Thanks to the TD Charitable Foundation’s support, we can continue to help small business owners to be better positioned to retain and create jobs, achieve financial stability while increasing income, and contribute to their community’s economic recovery,” states Jennifer Giosia, Housing and Energy Services Director.

For more information on services available to small businesses, visit mainestreamfinance.org.

### 

A staunch commitment to active involvement in the local community is a vital element of the TD Bank philosophy. TD Bank, America’s Most Convenient Bank® and the TD Charitable Foundation provide support to community organizations, including those dedicated to affordable housing, financial literacy and education, and environmental initiatives – many of which focus on improving the welfare of children and families. 

This contribution supports TD’s longstanding commitment to community enrichment through its corporate citizenship platform, the TD Ready CommitmentThe TD Ready Commitment actively promotes inclusivity, economic vitality, environmental wellbeing and health, enabling people of all backgrounds to succeed in a rapidly changing world. As part of the TD Ready Commitment, TD targets US $775 million in total by 2030 towards community giving in four critical areas: Financial Security, a more Vibrant Planet, Connected Communities and Better Health. Through this platform, TD aspires to create a more inclusive tomorrow — helping people of all backgrounds feel more confident, not just about their finances, but about their ability to achieve their goals. Visit: https://www.tdbank.com/corporate-responsibility/the-ready-commitment/ 

About the TD Charitable Foundation  

The TD Charitable Foundation is the charitable giving arm of TD Bank, America’s Most Convenient Bank®, one of the 10 largest commercial banking organizations in the United States. Since its inception in 2002, the Foundation has distributed over $292 million through donations to local nonprofits from Maine to Florida. More information on the TD Charitable Foundation is available at https://www.tdbank.com/corporate-responsibility/the-ready-commitment/funding-opportunities/ 

About TD Bank, America’s Most Convenient Bank® 

TD Bank, America’s Most Convenient Bank®, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.  TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com/us.

ABOUT MAINESTREAM FINANCE and PENQUIS: MaineStream Finance is a not-for-profit community development financial institution (CDFI) established in 2000 by Penquis Community Action Program, Inc., to better meet the financial and financing needs of Maine residents with low and moderate incomes. Established in 1967, Penquis is a non-profit 501(c)(3) organization dedicated to supporting Maine families in becoming healthy, safe, connected, and financially secure. Penquis is Maine’s largest community action agency with more than 50 programs serving primarily low- and moderate-income individuals in Penobscot, Piscataquis and Knox counties, with an even broader impact across all 16 counties and through its more than 500 community partnerships. Penquis touches the lives of approximately 6,000 people every day and more than 30,000 each year.