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About FAME

CEO's Message
FAME's Mission
FAME's Background
FAME's Board of Directors

CEO's Message

Elizabeth Bordowitz , Acting Chief Executive Officer

Beth Bordowitz, FAME’s General Counsel, has been appointed by Governor John E. Baldacci to serve as Acting Chief Executive Officer.

She has been with FAME since 1989, most recently as General Counsel for the past twelve years. Prior to joining FAME's legal division in March 1989, Beth was associated with a Portland law firm. She holds a B.A. and M.A. in Political Science from Rutgers College and Rutgers University, respectively, and is a graduate of Rutgers School of Law-Camden.

FAME's Mission

The Finance Authority of Maine provides access to innovative financial solutions to help Maine citizens pursue business and higher educational opportunities.

FAME's Background

FAME was established as Maine's business finance agency in 1983 and charged with supporting the start up, expansion and growth plans of Maine's business community. The agency began working closely with Maine's lending community to improve access to capital as well as to help fill gaps that exist in the State's capital delivery system.

To meet the financing needs of Maine's business community, FAME offers a wide array of business assistance programs, ranging from traditional loan insurance programs for both small and larger businesses, to tax credits for investments that individuals make in dynamic, growth-oriented, manufacturing or export-related firms. FAME has also established taxable and tax-exempt bond financing programs that allow strong creditworthy firms in Maine to access capital at very favorable rates and terms.

In April of 1990, FAME's mission was significantly expanded when the agency assumed responsibility for administering the State's higher education finance programs. Through a variety of loan, grant and scholarship programs, FAME helps Maine students and families meet the costs associated with higher education. To aid in this important effort, FAME also oversees an extensive outreach and counseling program that is designed to encourage young people to aspire to and pursue higher education.

FAME is committed to innovative, flexible solutions that address the needs of Maine individuals and companies in a changing economic landscape. With a core competency in finance, and a highly experienced staff, FAME is the place to turn to for resources that build success.

FAME's Board Members

The Finance Authority of Maine is overseen by a fifteen member Board of Directors that has the following makeup:

Two members with experience in natural resource based enterprises
Two veterans
One member knowledgeable in the field of student financial aid
One member knowledgeable in the field of higher education
One certified public accountant
One commercial banker
One attorney
Three members-at-large
Three State members to include the Commissioner of the Department of Economic and Community Development, a natural resource commissioner and the State Treasurer.

Members of the FAME board are appointed by the Governor and are subject to review and confirmation by the State Legislature. Each member, other than the State members, serves for a term of four years. The Authority's Chief Executive Officer is appointed by the Governor, subject to review and confirmation by the Maine State Legislature, to supervise and direct the administrative and technical activities of the Authority on a day-to-day basis.

Joyce Maker - Chair Financial Aid Director Washington County Community College Calais, Maine		M. Kelly Matzen - Vice Chair Attorney Trafton & Matzen Auburn, Maine
Kevin Mattson - Treasurer President Harper's Development, LLC Winthrop, Maine		Cheri Walker Principal Albin, Randall & Bennett Portland, Maine
William H. Beardsley President Husson College Bangor, Maine		John F. Conley CPA & MST Blake Hurley McCallum & Conley LLC Portland, Maine
Theodora Kalikow President University of Maine at Farmington Farmington, Maine		Glenn Lamarr Vice President TD Banknorth, N.A. Fort Kent, Maine
John Richardson Commissioner Department of Economic and Community Development Augusta, Maine		Patrick K. McGowan Commissioner Maine Department of Conservation Augusta, Maine
David Lemoine Maine State Treasurer Augusta, Maine		Brent Cross Vice President Cross Insurance Bangor, Maine
Susan Snowden Senior Vice President Bangor Savings Bank Bangor, Maine		Patrick Murphy President Pan Atlantic SMS Group Portland, Maine
Terence MacTaggart Consultant/ Former Chancellor - University of Maine System Hampden, Maine