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FAME News

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. […]

FAME to Launch Second Cycle of Thrive Maine on May 23, 2023

$29 million in forgivable business loans ranging from $10,000 – $500,000 AUGUSTA–-The Finance Authority of Maine (FAME) is pleased to announce that the Thrive Maine program, which offers forgivable loans to eligible Maine small businesses negatively impacted by the pandemic, will launch its second application cycle on May 23. The application period will remain open until June […]

May is 529 Month

NextGen 529® Offers Significant Benefits to Maine People and is a Leading Plan in the Nation  AUGUSTA—May is 529 month, which is a great time to remind Maine people of NextGen 529’s many robust benefits.  The Finance Authority of Maine (FAME) administers NextGen 529, providing an opportunity for investors, including Maine residents, to save for […]

FAME Offers Resources to Educate Mainers During Financial Literacy Month

One in Three Mainers Believe They Have Too Much Debt Augusta – According to the 2021 National Financial Capability Study conducted by the FINRA Investor Education Foundation®, thirty percent of people in the United States are feeling financially fragile and one-third of Mainers believe they have too much debt. To help, the Finance Authority of […]

FAME Financing to Assist Augusta Precision Tool Manufacturer

AUGUSTA — At its monthly meeting on November 17, 2022, the board of directors of the Finance Authority of Maine (FAME) approved a $1.2 million term loan for KV Tooling Systems, LLC, a precision tool manufacturer located in Augusta. The funds are comprised of a $600,000 FAME Direct Loan and $600,000 from the Grow Maine Program, which FAME […]

FAME Board Elects Officers for 2022-2023

On November 17, 2022, the FAME Board of Directors elected new officers for 2022-23. Their terms will run from November 2022 through November 2023.

FAME Celebrates Successful Partnerships at Showcase Maine

The Finance Authority of Maine (FAME) celebrated successful business and educational partnerships at its annual meeting and awards event, Showcase Maine. Held this year on Thursday, November 17, 2022, at Portland’s Holiday Inn By The Bay, it was the organization’s first in-person Showcase Maine event in two years. The evening featured a reception, including a showcase of exhibits by Maine businesses and educational organizations; dinner and awards presentations; and entertainment by comedian Juston McKinney.