Linked Investment Program for Commercial Enterprises (Maine)
Last modified on February 12, 2015.
|Applies to States or Provinces||Maine|
|Name||Linked Investment Program for Commercial Enterprises (Maine)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Program Administrator||Finance Authority of Maine (FAME)|
The Linked Investment Program for Commercial Enterprises reduces a borrower’s interest rate. The Maine State Treasurer makes a certificate of deposit at up to 2% less than the prevailing rate on the lender’s loan to the business. This interest rate reduction program is available to manufacturers or to companies that are 50% owned by Maine residents. The maximum CD investment is $200,000.
|Department||Finance Authority of Maine|
|Address||5 Community Drive, P.O. Box 949, Augusta, ME|