December 6, 2015 – After three years of leadership on the BCDI Board, and as Chair for the past one and a half, Kathy Gallant has decided her other responsibilities made it impossible to give the kind of attention to the Board that she wanted to, and asked to step down. Kathy will remain available for participating on Screening Committees and with the the Advisory Group. Andy Cutko has agreed to step into the Chair. Thank you Kathy for all your efforts to date, and Andy for continuing the strong leadership tradition!
November 7, 2015 – Banana Banners has fully repaid the Community Development Loan it received in October 2013 to replace the roof on its building. The loan was repaid in monthly installments – in full and on time! Thank you Robin, and thank you Community Development Loan Investors!
June 9, 2015 – BCDI has been awarded a $2000 Grow Grant by the New England Grass Roots Environment Fund (NEGEF)! The funds may be used flexibly to support BCDI’s operations. To learn more about NEGEF, and see an article about BCDI on their site, go to: http://www.grassrootsfund.org
February 6, 2015 – In late January Jan Hayward informed the Board that do to mounting family and work commitments, she was stepping down from the Board. Jan will remain a member of the informal Advisory Group, and we thank her for her two years of service on the Board. At the same time, it is a great pleasure to announce that Kathy Montejo and Andy Cutko have joined the Board.
August 27, 2014 – BCDI held its first Annual Membership Meeting at the Merrymeeting Grange on Main Street in Bowdoinham, welcomed David Engler and Dwight Sholes as new Board Members, and said a huge THANK YOU to Tony Cox and George Christopher who stepped down after two years of great work helping get BCDI up and running.
June 11, 2014 – Bowdoinham residents voted in favor of the warrant article authorizing Town support for BCDI in the amount requested ($5,000). Thank you Bowdoinham!
April, 2014 – BCDI has been recently awarded two grants to support the operational costs of the organization. The New England Grassroots Environmental Fund (NEGEF) has given us a Grow grant of $2000 “to help cover the costs of a coordinator stipend, supporting the costs of the community loan fund while establishing a plan to attract sustainable multiple-stream income sources.” A second grant to BCDI of $2500 from the Bowdoin College Common Good program has just been announced and will be received at a ceremony at the College on 16 April!
December 1, 2013 – received from the IRS: “We are pleased to inform you that upon review of your application for tax exempt status we have determined that you are exempt from Federal income tax under section 501 (c) (3) of the Internal revenue Code. Contributions to you are deductible under section 170 of the Code. You are also qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the Code Full Report.” Your Membership contribution to BCDI is now tax deductible!!
October 28, 2013 – BCDI has recently completed another Community Development Loan, this time to help get a new roof on Banana Banners before the snow flies! This brings the total loaned through this program to almost $50,000 – Thank you Bowdoinham!
October 16, 2013 – BCDI is pleased to announce three new additions to the BCDI Board: Jan Hayward, Brian Smith and Harriet Van Vleck have joined Tony Cox, Kathy Gallant, Laurel Waterman-Lopez and George Christopher as Board Members. David Whittlesey leaves the Board and remains the BCDI Manager. Welcome Jan, Brian and Harriet!!
October 3, 2013 – BCDI has agreed to work closely with the Local Farms, Local Food project, a joint effort of the Kennebec Estuary Land Trust (KELT) and the Brunswick Topsham Land Trust (BTLT). BCDI will help link the land trusts’ growing emphasis on farm preservation as an integral part of land conservation in Bowdoinham and Bowdoin.
August 17, 2013 Left Field Farm, which received a BCDI loan to purchase two greenhouses, a key part of its initial plan to get the farm up and running in 2013, made the first repayment in full and in advance of the due date. Thank you Sean!
June 25, 2013 – The Selectboad of Bowdoinham unanimously approved BCDI’s request for $3000 from the Town’s 2013 TIF budget to help support operational costs.The latest Community Development Loans all fulfilled
For the first time, BCDI put forward three community development loans at the same time, Bob Kane Wood Products, the Long Branch School and Apple Creek Farm, totaling over $14,500. While they varied in terms of their purpose, the amounts being sought and their level of risk, all three were fulfilled in less than two weeks! AND there were people interested beyond what was required! And now a new opportunity supporting Mary Stride to launch two new business ventures has also been fully funded in two weeks time!