Linked Investment Program for Commercial Enterprises (Maine)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Maine


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
Active Policy Yes
Implementing Sector State/Province














Program Administrator Finance Authority of Maine (FAME)
Primary Website http://www.famemaine.com/files/Pages/business/lenders/credit_enhancements/Linked_Investment_Commercial.aspx


Last Review 2014-09-15



Summary

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.


<metadesc> Linked Investment Program for Commercial Enterprises (Maine): energy incentive program. </metadesc>

Policy Contact

Department Finance Authority of Maine
Address 5 Community Drive, P.O. Box 949, Augusta, ME


Zip/Postal Code 04332-0949
Phone 207-623-3263
Phone 2 1-800-228-3734
Fax 207-623-0095
Email business@famemaine.com
Website http://www.famemaine.com/


















References