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Maine lawmakers on Thursday approved approximately $50 million in bond proposals that, among other things, could provide a boost for small businesses.
The Associated Press reported that the House of Representatives and Senate passed six proposals that would include a $12 million package for small business financing programs. They would also include funding for infrastructure improvements, including $10 million in funding for water projects such as upgrades to drinking water systems.
If approved by Gov. Paul LePage, the bond proposals will likely reach a statewide ballot this November.
Also on Thursday, the Finance Authority of Maine’s board of directors approved a $16 million bond to help Thermogen Industries construct a $140 million wood pellet plant in Millinocket, according to the Bangor Daily News.
The approved bond is $9 million less than what Cate Street Capital, the New Hampshire investment firm behind the project, was hoping for, though a representative for the company didn’t indicate how the smaller bond would impact the project moving forward.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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