FAME Launches Year-Long 20th Anniversary Celebration of Helping Maine

The Finance Authority of Maine (FAME) announced today its $20,000 Invest in ME 20th Anniversary Sweepstakes – awarding its biggest scholarship prize ever – to kick off its year-long 20th anniversary celebration of helping Maine families save for college and other post-secondary education opportunities. One lucky Mainer will receive the $20,000 scholarship prize.[1] Entries will be accepted from January 20 to May 29, 2019. For official rules, visit NextGenforME.com/EntertoWin.

FAME Approves Financing for New Rumford Hotel

At their February 21, 2019 monthly meeting, the board of directors of the Finance Authority of Maine (FAME) approved 75% commercial loan insurance on a $4.1 million loan by First National Bank to Pennacook Falls Investments, Ltd. (PFIL) for the construction of a sixty-three-room Best Western Plus Inn and Suites in downtown Rumford. The project is expected to create approximately nineteen jobs and help meet growing area lodging needs.

Claim Your Future® - Financial Education to Engage Students

Educators from Maine, Massachusetts and Illinois are giving their students’ future success a boost with Claim Your Future (CYF) – a financial literacy program that helps increase knowledge about higher education, careers, and money management.

FAME Approves Financing for Three Important Projects

At its December 13, 2018 board meeting, the members of the Finance Authority of Maine (FAME) approved financing for three separate projects that collectively are expected to help create and retain at least 700 Maine jobs. The projects range from renewable energy at Brunswick Landing to public infrastructure improvements in Westbrook to the re-start of the shuttered Old Town mill.