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AUGUSTA — Kennebec Savings Bank recently awarded $50,000 in grants to seven community organizations throughout its service area.
The awards were made after the bank received a competitive grant from the Federal Home Loan Bank of Boston’s Jobs for New England Recovery Grant program. The organizations that have received the funding include Snow Pond Center for the Arts, in Sidney; Johnson Hall, in Gardiner; Colonial Theater, in Augusta; Tedford Housing, in Brunswick; Habitat for Humanity 7 Rivers Maine Restore, in Topsham; Bread of Life Ministries, in Augusta; Mid Coast Hunger Prevention Program, in Brunswick.
A study conducted by The Brookings Institution estimates losses of 2.7 million jobs and more than $150 billion in sales for creative industries nationwide, representing nearly a third of all jobs in those industries and 9 percent of annual sales.
“Local theaters were the first to close when the pandemic hit,” said Andrew Silsby, president & CEO of Kennebec Savings Bank. “Arts, culture and creativity are one of key sectors that help drive regional economies, and local theaters bring diverse cultural experiences to our rural communities. The people running them are our friends and neighbors. We wanted to support this vital industry.”
The bank also dedicated money from the grant to support organizations working to meet the demand for basic needs resulting from the pandemic.
