MLREDC announces Allen Family Economic Growth Fund

GREENVILLE — The Moosehead Lake Region Economic Development Corp is pleased to announce the Allen Family Economic Growth Fund (Allen Fund) made possible by a generous $750,000 dollar donation by the late Charlotte L. Allen.

Allen passed away March 8, 2020 at her camp on Sawyer pond in Greenville. It was her wish to strengthen the Moosehead Lake region through this donation. Allen’s passion for the Moosehead Lake region began many years ago when she and her late husband Telford M. Allen owned the Birches Resort in Rockwood. Ever since then Charlotte Allen remained committed to the region. She worked closely with her grandson Telford M. Allen III on a plan that would enhance economic growth in the region by both supporting local business growth and attracting new business investments. 

The objective of the Allen Fund is to serve as a catalyst for entrepreneurial business development in the Moosehead Lake Region by providing small grants and loans to qualified people and businesses that support both the start-up of new business enterprises and the growth of businesses. The primary focus of the funding will be to support sustainable new ventures and the creation of quality jobs in the region. It is intended to be a revolving, self-sustaining fund that will help enhance the regional economy for many years, says Steve Levesque, president of the MLREDC. Visit www.mooseheadlakeedc  or see us on Facebook for more information.