A group working on Millinocket’s comeback has raised $325K for co-working space

BANGOR DAILY NEWS • February 7, 2022

A building that’s a mainstay in downtown Millinocket has been home at different times to a five-and-dime store, a department store and a clothing retailer. Soon, 230 Penobscot Ave. could be home to a co-working and retail hub for rural entrepreneurs. Our Katahdin, a nonprofit organization that owns both 230 Penobscot Ave. and the former site of the Great Northern Paper Co.’s Millinocket mill, announced Friday that it had raised $325,000 in a second round of fundraising to build out the inside of its “Opportunity Hub.” It’s another part of the nonprofit’s economic revitalization efforts in Millinocket. The U.S. EPA awarded Our Katahdin a $200,000 brownfields cleanup grant in 2017 to remove hazardous materials from the building.