Major Business Expansion Bond Program (Maine)

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Last modified on February 12, 2015.

EZFeed Policy

Place Maine


   
Applies to States or Provinces Maine
Name Major Business Expansion Bond Program (Maine)
Policy Category Financial Incentive
Policy Type Bond 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/businesses/bonds/Major_Business_Expansion_Bonds.aspx



Last Review 2014-09-15



Summary

The Major Business Expansion Bond Program provides long-term, credit-enhanced financing up to $25,000,000 at taxable bond rates for businesses creating or retaining at least 50 jobs; up to $10,000,000 is available for businesses which expand their manufacturing services. The bond proceeds may be used to acquire real estate, machinery, equipment, or rehabilitate or expand an existing facility. The interest rate is determined by market forces at the time of the bond sale.



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 1800-228-3734
Fax 217-623-0095
Email business@famemaine.com
Website http://www.famemaine.com/
     
     


















References