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Two state lawmakers are putting forward another effort to set up a state bank in Maine that they say would make more credit available to small businesses.
MPBN reported that Rep. Diane Russell, of Portland, and fellow Democrat Bobbi Beavers, of South Berwick, are reintroducing legislation that would create a bank on the model of the country's only state bank set up in North Dakota over 90 years ago.
The bill's proponents say it would increase lending to small businesses and also allow low-cost credit for state government, a function they say would cut the cost of public projects.
Chris Pinkham, president of the Maine Bankers Association, told the station last year that the amount of funds available from community banks is sufficient to meet demand.
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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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