On Tuesday, the Harold Alfond Foundation announced more than $500 million dollars of new grant investments in Maine institutions to help grow the state’s workforce and economy and support quality health care. 

Harold Alfond Foundation invests $500 million in Maine economy, institutions

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Included in that grant money is $240 million to the University of Maine System (UMS). According to the UMS, this is the largest ever to a public institution of higher education in New England and the 8th largest gift ever made to a U.S. institution of public higher education.

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“Maine is receiving a transformative, unprecedented investment in its people and its future from the Harold Alfond Foundation,” Chancellor Dannel Malloy said. “And it comes at a time when we need optimism and an affirmation that we work best when we work together. Through the work to achieve unified accreditation for our