Major Business Expansion Bond Program (Maine)
Last modified on February 12, 2015.
|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|
|Program Administrator||Finance Authority of Maine (FAME)|
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.
|Department||Finance Authority of Maine|
|Address||5 Community Drive, P.O. Box 949, Augusta, ME|