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State lowers Jay s valuation due to changes at Androscoggin Mill

Androscoggin Bank secures grant to help businesses

Read Article Left to right: Lisa Bilodeau, Androscoggin Bank, Colleen Fournier, Androscoggin Bank; Kristal Flagg, K & R Flagg Logging; Russell Flagg, K & R Flagg Logging; John Simko, Androscoggin Bank Photo Courtesy: Androscoggin Bank JAY – Androscoggin Bank announced today it has secured a $50,000 grant to assist businesses in Jay and surrounding communities who have lost income related to COVID-19. These grants come on the one year anniversary of the explosion of the pulp digester at the Jay mill on April 15, 2020. Seven logging-related businesses who have suffered economic losses and were impacted by the mill explosion and COVID-19, learned they will receive over $7,000 in grants to aid their recovery.

Androscoggin Bank gives $50,000 in grants following Jay mill explosion

Androscoggin Bank gives $50,000 in grants following Jay mill explosion © WMTW logging Androscoggin Bank is giving out $50,000 in grants to businesses in Jay and the surrounding towns hit hard by the explosion and COVID-19. John Simko with Androscoggin Bank said the economic impact is still felt in the area.Sign up for our Newsletters We think that this area will benefit from having $50,000 injected into the local economy by giving it to small businesses that are invested here, Simko said. Kristal Flagg, co-owner K&R Flag Logging, said they were surprised to receive the money. The grant is amazing. It s such a surprise and normally people in the forest industry don t qualify for much, Flagg said.

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