Finance Authority of Maine
The Finance Authority of Maine (FAME) is an economic development agency located in Augusta, Maine, founded in 1983. Its primary mission is to provide innovative financial solutions that support Maine citizens in their pursuit of business ventures and higher education. FAME offers a diverse range of business assistance programs tailored to meet the financing needs of the state's business community. These include traditional loan insurance programs aimed at both small and larger enterprises, as well as tax credits for investments in dynamic, growth-oriented, manufacturing, or export-related firms. Additionally, FAME has established both taxable and tax-exempt bond financing programs designed to assist creditworthy businesses in accessing necessary capital. Through these initiatives, FAME plays a vital role in fostering economic growth and development within Maine.
American Unagi
Debt Financing in 2021
American Unagi specializes in the sustainable aquaculture of American eels, focusing on the unique glass eel fishery in Maine. The company raises these eels in a land-based, recirculating aquaculture system, ensuring that the farming process is responsible and environmentally friendly. By sourcing glass eels directly from Maine and growing them to market size without the use of hormones or antibiotics, American Unagi provides a traceable and safe eel product. This approach not only enhances the quality of the eels but also offers consumers a more sustainable alternative to current eel products available in the United States.
Standard Biocarbon
Debt Financing in 2021
Standard Biocarbon is a manufacturer of a near-pure carbon commodity designed for use in farming and construction. The company's products are crafted from clean, source-verified biomass sourced from the pristine forests of Maine. By utilizing this biomass, Standard Biocarbon aims to help clients enhance the digestive biome in soils, improve nutrient uptake, and mitigate methane emissions.
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