Governor Mills Announces Launch of Maine Funding Network to Help Maine Businesses Explore & Secure Financing
New online portal is a one-stop shop for Maine business owners exploring public and non-profit financing options
Governor Janet Mills today announced the launch of the Maine Funding Network, a new online portal designed to be a one-stop shop to connect Maine businesses to financing options to help them grow and succeed.
The new resource, an initiative of the Maine Department of Economic and Community Development (DECD) and the Finance Authority of Maine (FAME), is a centralized, easy-to-use platform designed to help interested borrowers easily navigate Maine’s menu of public and nonprofit business funding options. The portal was designed with input and feedback from Maine business owners, lenders, and economic development leaders.
“The Maine Funding Network will serve as a one-stop shop for Maine businesses as they explore funding options available from Maine’s public and nonprofit funding agencies,” said Governor Mills. “I thank the Finance Authority of Maine for working with my Administration to create this new resource, which will help keep Maine the best place to live, work, and start and grow a business.”
“Maine entrepreneurs, business owners, lenders, and local economic development entities told us they wanted an easy-to-find online resource that identifies funding resources and assistance – and we are delivering,” said Heather Johnson, Commissioner of the Department of Economic and Community Development. “Now the best business ideas in Maine can more easily access multiple funding resources in one location, making it that much easier to start or grow a business in Maine.”
The network initially will be comprised of fifteen partner organizations ranging from Maine business advisors to lenders to venture capital and is expected to grow.
“FAME is pleased to host this business funding network and to amplify the collective impact of our fellow economic development partners,” said Carlos Mello, CEO of the Finance Authority of Maine. “Whether it be a state-sponsored financing program or a local lending product, Maine businesses and entrepreneurs will now have far more solutions available to them in one location.”
Information on how to leverage the new portal can be found on the Maine Funding Network's website: https://www.mainefundingnetwork.com/
