Carlos Mello

FAME has administered Maine's NextGen 529 program for 27 years, and the program now holds more than $18 billion nationally. 

Maine employers need more workers with postsecondary credentials. The seamless transfer option could help increase the size and skills of Maine’s workforce.

The funds will assist the company finalize its equipment purchases and installation and begin operations for its molded-fiber manufacturing operation.

The My Alfond Grant program, which invests $500 for the future education of each newborn Mainer, has now provided funds for more than 150,000 children. 

Jonathan Poole has experience working at the Maine Department of Economic and Community Development.

While May is traditionally college graduation month, guest author Carlos R. Mello, CEO of the Finance Authority of Maine, points out that May is also 529 Month — a nod to the college savings plans.

Applicants have June 23 to apply for a share of $29 million in forgivable business loans ranging from $10,000 to $500,000.