The Finance Authority of Maine's annual Showcase Maine celebration was canceled because of the pandemic, but FAME honored five recipients in a virtual ceremony on Thursday.
When the pandemic hit the state and began affecting businesses, the Finance Authority of Maine took a bold step to help: $15 million in direct loans and commercial loan insurance. Officials at the quasi-independent state agency hope it's enough.
Time is running out but the Maine Seed Capital Tax Credit Program has $7 million in tax credit authority available for use by investors and Maine businesses for the remainder of calendar year.
The Finance Authority of Maine approval is key to the $23.5 million financing package that will allow Artaris Impact Investors to buy and renovate the Rangeley ski resort, which has been closed since 2015.