News Categories

FAME News

FAME and the Alfond Scholarship Foundation Launch Invest in ME Kindergarten Program

This year’s entering kindergarten class is special, most have received a $500 Alfond Grant for higher education. So FAME and Alfond Scholarship Foundation started the Invest in ME Kindergarten program which is designed to inspire Maine families to prepare early for future higher education, including saving. Over 50 schools are participating, including 11 school champions around the state. BrightFutureforME.com

FAME Approves Financing for Thompson’s Point Project

At its August 16 board meeting, the members of the Finance Authority of Maine (FAME) approved a direct loan totaling $495,000 to Forefront Commons I, LLC, to help renovate an historic former rail building as part of a larger construction project at Thompson’s Point in Portland. FAME’s action is expected to help create and retain […]

FAME Recognized for Fourth Straight Year as a Best Place to Work in Maine

For the fourth year in a row, the Finance Authority of Maine (FAME) has been named as one of the Best Places to Work in Maine. The awards program, created in 2006, is a project of the Society for Human Resource Management–Maine State Council (MESHRM) and Best Companies Group. Partners endorsing the program include: Mainebiz, […]

FAME Approves Financing for Aroostook Lumber Mill

FAME has approved 90% loan insurance on a loan by TD Bank totaling $944,000 to Maibec USA LLC. Funds will be used for the purchase of a feed conveyor deck and de-barker machine for mill operations in the town of Masardis. The venture is expected to help retain 145 Maine jobs and bring operational efficiencies to the mill.

FAME Celebrates Another Successful Year at “Showcase Maine” Event

The Finance Authority of Maine celebrated another year of successful partnerships with Maine’s business, lending, governmental, and higher education communities at its annual event, “Showcase Maine.” The evening featured a reception, including a showcase of exhibits by Maine businesses and educational organizations that partner with FAME; a dinner and awards presentation; and a keynote speech by former United States Senator George Mitchell.

Harold Alfond Foundation & FAME Announce Inaugural Alfond Leaders

The Harold Alfond Foundation and the Finance Authority of Maine (FAME) have announced the first cycle of Alfond Leader awardees, who collectively will be awarded up to $685,000 in student loan debt relief. The competitive program provides student loan repayment assistance to people who live and work in Maine in a Science, Technology, Engineering and Math (STEM)- designated occupation at a Maine-based employer. The selected Alfond Leaders may receive up to half of their outstanding student loan balance, not to exceed $60,000, as a loan repayment on their outstanding student loans.

FAME Recognized for Third Straight Year as a “Best Place to Work in Maine”

For the third year in a row, the Finance Authority of Maine (FAME) has been named as one of the Best Places to Work in Maine. The awards program, created in 2006, is a project of the Society for Human Resource Management–Maine State Council and Best Companies Group. Partners endorsing the program include: Mainebiz, the […]