Recent News

Maine Funding Network Launches

Maine Funding Network developed by DECD and FAME will provide financing resources for Maine businesses to start up and grow Governor Janet Mills recently announced the launch of the Maine Funding Network, a new business funding portal designed to easily connect Maine businesses with one-stop access to funding options so that they may grow and […]

Notice of Public Hearing

Notice is hereby given in accordance with Section 147(f) of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations promulgated with respect thereto (collectively the “Code”) and 10 MRSA §1043, that the Finance Authority of Maine (the “Authority”) will hold a public hearing at 10:30 a.m., Eastern Time, May 29, 2024, at […]

FAME’s Mary Dyer Selected to Serve on National JumpStart Board of Directors

The Finance Authority of Maine (FAME) is pleased to announce that Mary Dyer, FAME’s Financial Education Programs Manager, has been selected to serve on the National Jump$tart Board of Directors. Dyer currently serves in the role as President of the Maine Jump$tart Coalition for Personal Financial Literacy, an all-volunteer nonprofit Coalition whose mission is to […]

Eva Hoyt Zippel Elementary School Receives Boost of Financial Education from FAME

Book collection and book reading awarded by agency to Zippel Elementary School Augusta — Zippel Elementary School, located in Presque Isle, was recently awarded the Finance Authority of Maine (FAME) Invest in ME Reads Giveaway, which includes the complete Money on the Bookshelf collection, a variety of family resources, and a special visit from Maribeth […]

U.S. Small Business Administration (SBA) announces availability of low-interest disaster loans for Maine businesses and residents

Low-interest disaster loans from the U.S. Small Business Administration (SBA) are available to businesses and residents in Maine following the announcement of a Presidential disaster declaration due to severe storms and flooding that occurred on Jan. 9-13. The disaster declaration covers Cumberland, Hancock, Knox, Lincoln, Sagadahoc, Waldo, Washington, and York counties in Maine, which are eligible for both […]

Notice of Public Hearing

Pursuant to Title 10, §1043 of the Maine Revised Statutes and 26 USCA §147(f), the Finance Authority of Maine (the “Authority”) will hold a public hearing at 10:30 a.m. on April 3, 2024, at 5 Community Drive, Augusta, Maine on an application for a Certificate of Approval for issuance of Revenue Obligation Securities to finance […]

FAME Financing to Assist Tanbark Molded Fiber Products 

AUGUSTA — At its monthly meeting held on February 15, 2024, the Finance Authority of Maine (FAME) approved financing for Tanbark Molded Fiber Products (Tanbark), a Saco-based manufacturer of molded fiber packaging products. The financing is expected to help create nine Maine jobs and retain an additional twenty-three Maine jobs. FAME approved $1,594,000 in total financing […]

Notice of Public Hearing

Notice of public hearing and opportunity to be heard regarding proposed tax-exempt bond issuance by the Finance Authority of Maine to finance eligible student loans. The Finance Authority of Maine (the “Authority”) proposes to issue up to $25,000,000 in aggregate principal amount of its Student Loan Revenue Bonds (Supplemental Education Loan Program) Class A Series 2024A‑1 (the […]

FAME Education Loan and Loan Repayment Program Applications Open for 2024

AUGUSTA—Applications are now being accepted for state education loan and loan repayment programs administered by the Finance Authority of Maine (FAME). FAME helps to create the workforce of the future by increasing the number of Maine residents with credentials of value. We do so in a variety of ways, including by providing various student financial […]

FAME Financing to Assist Madison and Waldoboro Businesses

$500,000 additional financing to assist wood fiber-based insulation manufacturer at former Madison paper mill in Somerset County AUGUSTA — At its monthly meeting held on January 18, 2024, the Finance Authority of Maine (FAME) approved additional financing for GO Lab, Inc. (d/b/a TimberHP), a manufacturer of wood fiber-based insulation products located in Madison. FAME’s actions are expected to […]

FAME Expands Invest in ME Reads Program to Reach Over 50,000 Elementary Students

Free Family Financial Wellness Program to Support Families and Caregivers in Building Financial Skills AUGUSTA –The second half of the school year is underway in Maine and the Finance Authority of Maine (FAME), in partnership with the Consumer Financial Protection Bureau, is supporting more students than ever before throughInvest in ME Reads, a family financial wellness […]

Request for Proposals: Cybersecurity Assessment

 The Finance Authority of Maine is accepting proposals from interested and qualified firms for cybersecurity assessment services to evaluate the information security controls, policies, and practices of the organization against objective controls in the NIST Cybersecurity Framework (CSF). The deadline for responses is 12:00 pm EST on Monday, January 22, 2024. Download the RFP

Notice of Public Hearing

The City of Sanford, Maine (the “Municipality”) and York County Community Action Corporation (the “Agency”) previously submitted an application to the Finance Authority of Maine (the “Authority”) pursuant to 10 MRS §1063, requesting a Certificate of Approval with respect to the proposed issuance of Revenue Obligation Securities by the City of Sanford, Maine for the […]

FAME Celebrates 40 Years of Maine Success Stories at Showcase Maine Event

AUGUSTA — The Finance Authority of Maine (FAME) celebrated forty years of business and education success stories and partnerships at its annual meeting and awards event, Showcase Maine, on Thursday, November 16, 2023, at South Portland’s Portland Sheraton at Sable Oaks. Showcase Maine is FAME’s annual celebration of its successful partnerships with Maine’s business, lending, […]

FAME’s Jennifer Lanphear Elected President of National Organization Representing State Student Grant and Aid Programs

AUGUSTA – The Finance Authority of Maine (FAME) is pleased to announce that Jennifer Lanphear, FAME’s Education Programs Manager, has been elected President of the National Association of State Student Grant & Aid Programs (NASSGAP).  NASSGAP, a national non-profit organization, is dedicated to advancing high standards in the management and execution of state-based student grant […]

40 Years of FAME

Fueling Maine’s Economic Growth by Supporting 10,000 Businesses that Created and Retained 200,000 Jobs Augusta, Maine – November 28, 2023 – The Finance Authority of Maine (FAME) marks a significant milestone this year as the agency celebrates 40 years of unwavering commitment to supporting Maine’s business community and helping Mainers meet the costs associated with higher […]

Notice of Public Meeting

The members of the Advisory Committee on Education Savings will meet on Friday, November 17, 2023, beginning at 9:00 a.m. at the Portland Sheraton at Sable Oaks, 200 Sable Oaks Drive South Portland.  Members of the public may attend in person or by conference call. To obtain the call instructions, please call Cheryl Wilkinson at the […]

Student Loan Repayment Pause Ending: FAME Can Help You Prepare

FAME launches resources to help Maine borrowers get ready for repayment restart Augusta – According to a recent survey conducted by U.S. News & World Report, only 30% of student loan borrowers know when their payments are set to resume, while almost half said they aren’t financially prepared to begin repaying their debt. In Maine, […]

FAME Financing to Assist Millinocket Aquaculture Business

Up to 80 jobs may be created at former mill site AUGUSTA — At its monthly meeting held on May 18, 2023, the Finance Authority of Maine (FAME) approved financing for Katahdin Salmon, Inc., an inland aquaculture business to be located in Millinocket. FAME’s actions are expected to help to create approximately eighty jobs in Millinocket. […]

For Educators

Check out FAME’s free training opportunities such as webinars and training events for school counselors, college access advisors, financial aid counselors and administrators.