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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 […]

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 […]