The Essex County Community Foundation (ECCF) acts as the fiduciary agent for funds, such as donations from Columbia Gas, to facilitate grant programs. While their broader mission isn't specified here, their role involves administering grants aimed at supporting community and economic development efforts.
The Merrimack Valley Municipal Business Development and Recovery Fund seeks to directly support the municipalities and their business communities affected by the gas disaster in Andover and North Andover. The fund focuses on empowering municipalities to use grants for business and economic recovery in the impacted areas as they see fit. Key goals of this program include strengthening and expanding growth opportunities for businesses, enhancing support services and technical assistance, and improving the long-term resiliency of the business community. Funding priorities encompass initiatives like direct business support, promotion campaigns, technical assistance, and economic planning, with a directive that proposals should align with local economic development plans. Municipalities can apply for up to $2 million in funding over the life of the fund, with applications reviewed on a rolling basis. A summary of the impact of the grant on business and economic recovery is expected upon the initiative's completion. Joint applications are also welcome.