Recent News
March 19, 2021
FAME Approves Additional Financing for GO Lab, Inc.
The FAME Board has approved $85 million in bond financing to help finance GO Lab, Inc., a start-up company at the former Madison paper mill in Somerset County. The project is expected to create approximately 114 well-paying jobs in Somerset County.
January 14, 2021
FAME CEO Bruce Wagner Announces Retirement
FAME Chief Executive Officer Bruce Wagner recently announced his intention to retire on February 5, 2021. He will be replaced on an interim basis by FAME’s Chief Risk Officer, Carlos Mello.
December 22, 2020
FAME Approves Financing to Support Expanded Broadband Access in Belfast South Portland
At its monthly meeting on December 17, the board of directors of FAME approved up to $1.9 million in loan insurance and a $1 million direct loan to help support increased access to broadband in the cities of Belfast and South Portland.
December 17, 2020
FAME Honors Maine Businesses, Educators, and Lenders
Awards Bestowed Virtually in Lieu of Annual Dinner Celebration
November 23, 2020
FAME Approves Additional Saddleback Financing
Also elects new board officers for 2020-2021
November 16, 2020
FAME Approves Financing for Polymer Laboratories & Solutions, LLC
Windham-based Anania & Associates acquires Jones & Vining manufacturing plant in Lewiston and relaunches it as Polymer Laboratories and Solutions LLC.
October 22, 2020
Become an Alfond Leader, Get $60,000 to Live and Work in Maine
The Alfond Leaders program provides student loan debt relief of up to $60,000 to assist Maine employers in attracting and retaining talented STEM professionals. Application deadline is November 15, 2020.
October 15, 2020
Approx $7 Million in Funding Available Through Maine Seed Capital Tax Credit Program
The Maine Seed Capital Tax Credit Program has $7 million in tax credit authority available for use by investors and Maine businesses for the remainder of calendar year 2020.
October 13, 2020
FAME Launches Invest in ME Reads Program to Celebrate Financial Planning Month
Free Resources for Young Maine Children to Learn about Financial Wellness
September 18, 2020
FAME awarded $25,000 grant to strengthen employee financial wellness program
Grant is Part of New National Initiative Supported by the Wells Fargo Foundation in Collaboration with the Center for State and Local Government Excellence, the International Public Management Association for Human Resources, and National Association of State Treasurers’ Foundation
September 17, 2020
FAME extends by six months special financing programs for Maine businesses affected by COVID-19
In an effort to continue supporting its customers with their financing needs during the continuing COVID-19 pandemic, the Finance Authority of Maine (FAME) has approved extending by six months the availability of its special COVID-19 business relief programs.
September 16, 2020
Invest in ME Reads is Coming!
The Finance Authority of Maine (FAME), in partnership with the Maine Office of Securities and the Consumer Financial Protection Bureau (CFPB), is excited to announce the launch of Invest in ME Reads, a new statewide program designed to support family financial education by sparking conversations about future goals, saving money, and the value of choice. The program was originally slated to launch in the spring of 2020, but due to COVID-19 school closures, the launch was rescheduled for this fall.
June 22, 2020
FAME Enhances Special Financing For Maine Businesses Affected By COVID-19
Improvements made to OLA loan limits and pro-rata insurance for existing debt refinancing for Maine businesses affected by COVID-19
May 15, 2020
$60,000 Student Loan Repayment Program Expands to Include New Graduates Heading into STEM Professions
Alfond Leaders Program Seeking More Applicants for Student Loan Debt Relief Funded by the Harold Alfond Foundation, the Maine program aims to stimulate economic growth in key industries by attracting and retaining STEM graduates and professionals The Harold Alfond Foundation and the Finance Authority of Maine (FAME) opened up and expanded a new application cycle […]
April 16, 2020
FAME Approves Financing for Medical Device Firm
Saco-based Maine Molecular Quality Controls, Inc. is growing and helping to battle the COVID-19 pandemic.
March 19, 2020
FAME Partners with SBA and Maine Lenders on COVID-19 Relief Loan Programs
Special loans and loan insurance now available for eligible Maine small businesses affected by COVID-19.
January 27, 2020
FAME and MRDA Approve Saddleback Financing
FAME approved leveraged loan insurance of 20% (or $2.5 million) on a $12.5 million loan by Arctaris Impact Investors, LP to Saddleback Community Loan Fund. FAME additionally approved a $1 million FAME Direct loan to Arctaris as part of the financing package, which totals $2.5 million.
January 16, 2020
New Year Brings New Matching Grants for Maine Residents!
Ushering in 2020, a new decade, and to celebrate the 20th Anniversary of NextGen 529, the Finance Authority of Maine (FAME) is announcing updated Grants for Maine residents.
November 27, 2019
FAME Celebrates Business and Education Successes at Showcase Maine Event
The Finance Authority of Maine (FAME) celebrated successful business and educational partnerships at its annual meeting and awards event, Showcase Maine, which was held on Thursday, November 21, 2019, at Portland’s Holiday Inn By The Bay.
October 24, 2019
$60,000 Student Loan Repayment Program Helps Maine Recruit and Retain STEM Professionals
The Harold Alfond Foundation and the Finance Authority of Maine (FAME) opened another application cycle to provide student loan debt relief for Maine residents who are employed by a Maine-based business in the STEM-related fields of science, technology, engineering, and math. Applications are now being accepted through November 15, 2019.
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.
