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Showing posts with the label JECD. Joint Economic Development Council Boothbay Harbor

Fiscal Sponsorship Might Have Provided A Different Outcome

Supporters for the petition for MTI to offer fiscal sponsorship have now grown to 16 as our legacy business in East Boothbay faces foreclosure. Let it be said that MTI matching grants can be as small as 1000.00 but small grants do not go very far. Matching grants favor large established well financed companies, all at taxpayer expense. Fiscal sponsorship does not cost the tax payer since a fiscal sponsor can charge a fee to cover its costs and even a reasonable profit margin. Fiscal sponsorship draws upon volunteer giving. State matching grants mandate giving by the general public to special interests selected by the state. One example of special interests favored by the state is itself, in the Public-Public Relationship of MIT and The Advanced State Manufacturing Center at the University of Maine  In April 2 2013 MaineBiz published two articles. Quote from article 1: MTI grant to help manufacturing R&D “he Maine Technology Institute has given the University of So