The Finance Authority of Maine, a quasi-state agency that directs and administers financial support to Maine businesses and nonprofits, honored four organizations at its annual meeting last Friday. The event was keynoted by former U.S. Sen. George Mitchell, according to a news release from FAME.
Among the honors:
• Casco Bay Vending received the Business at Work for Maine Award. An independently owned Maine business that serves 14 of Maine’s 16 counties, the company provides services that include traditional vending (snack and beverage machines), micro-marts, convenience stores at business locations, full-service cafe operations and dining, and office coffee and sundry supplies. The award recognizes a company’s work to preserve its Maine ownership. Casco Bay Vending received FAME’s largest loan insurance approval last year, which helped to create or retain 545 jobs.
• Harold Alfond Foundation received the Education at Work for Maine Award. Founded in 1950, the foundation furthers the philanthropic legacy of the late Harold Alfond, founder of Dexter Shoe Co. and a longtime supporter of Maine communities and institutions, including two programs that FAME helps to administer: the Harold Alfond College Challenge and the Alfond Leaders Program.
• Camden National Bank received the Lender at Work for Maine Award (over $1.5 billion in assets). Over the past year, Camden National partnered with FAME on 46 loans totaling over $17.3 million. This in turn helped to create 110 Maine jobs and retain an additional 435 jobs.
• Machias Savings Bank received the Lender at Work for Maine Award (up to $1.5 billion in assets). This past year, FAME partnered with Machias Savings on 47 loans to Maine companies totaling over $12.7 million. This helped to create 86 Maine jobs and retain an additional 298 jobs.
FAME’s board of directors also elected new officers for 2017-2018. These include: James “Jay” Violette Jr. of Waterville as chairman; Richard Roderick of Cape Elizabeth as vice chairman; and David Daigler of Portland as treasurer.
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