|Maine Business Works||Maine Department of Economic and Community Development|
A number of financial incentives are available to assist healthy expansion-minded firms in the mid-Maine region through federal, state, and local initiatives. Emphasis is placed on production-oriented, permanent jobs being created or retained.
Financing is generally for long-term, fixed assets, although working capital loans can be facilitated under some programs. Grants are also available to individuals and firms for the development of new, high technology products or services. Below are some organizations that can assist in various ways with financial assistance:
Opportunity for Maine business means opportunity for Maine people. Our mission at FAME is to help businesses like yours to grow, expand and succeed, creating new employment opportunities that will benefit the people and communities of Maine.
The Finance Authority of Maine (FAME) was established by the Maine Legislature in 1983. Operating as an independent State agency, they work closely with the financial, economic development and business communities in Maine to provide financing solutions for Maine companies of all sizes and at all stages, from entrepre-neurial start-ups to established firms.
FAME’s wide range of business financing programs include:
FAME continually develops new programs and services designed to support Maine companies in their efforts to start up, expand or compete more effectively in the global marketplace. For more information, contact
5 Community Drive • PO Box 949 • Augusta ME 04332-0949
207-623-3263 • 1-800-228-3734 • Fax 207-623-0095 • TTY: 207-626-2717
The Kennebec Valley Council of Governments (KVCOG) supports and expands the capabilities of local governments to provide economic development opportunities. KVCOG serves 62 municipalities in Kennebec, Somerset and Waldo counties. It is a regional, voluntary membership organization governed by the General Assembly of 110 members and an Executive Committee of nineteen members. Established June 1, 1967, as the North Kennebec Regional Planning Commission, this organization was re-established July 1, 1994, as the Kennebec Valley Council of Governments to expand the boundary and services of the Economic Development District into the southern half of Kennebec County.
Programs & Services:
Economic and Community Development
*Overall Economic Development Program to oversee regional planning.
Funding and Finance
*Revolving Loan Funds (4) of $3.2 million for gap financing to businesses.
*Grant-writing assistance to local governments in economic distress,
Water/sewer, and community development projects.
Business Development Assistance
*Counseling *Business Plan Development
*Cash Flow Projections
Environmental Planning Technical Assistance to municipalities
For more information, contact:
17 Main Street
Fairfield ME 04937
207-453-4258 FAX: 207-453-4264
The Growth Council's mission is to foster a robust regional economy fueled by a genuine collaboration among governments, businesses and residents, resulting in a highly desirable multi-town community in which to live, work and raise a family.
The Growth Council's role in the region:
1. Assist our businesses and communities in development efforts
2. Gather and provide economic information, such as real estate and demographics
3. Coordinate economic development efforts in the region
4. Work with the public and private sectors to encourage collaboration
5. Educate the public about the economy and economic development activities
6. Advocate for issues that impact our business community
For more information contact:
Central Maine Growth Council
50 Elm Street
Waterville ME 04901
207-680-7300 FAX: 207-680-4207