Finance & Development Links
Maine Development Foundation
The Maine Development Foundation (MDF) drives sustainable, long-term economic growth for Maine. MDF stimulates new ideas, develops leaders, and provides common ground for solving problems and advancing issues.
Additional information from MDF as of Feb 2022:
The Affordable Homeownership Program provides homebuilders a $60,000 forgivable loan per unit if they build five houses or more. In rural counties, the unit prices are capped at $275,000 and income restrictions on buyers are limited to 120% of median family income. (For context, in Millinocket that’s $71,040).
Last Fall, the Maine Development Foundation commissioned housing studies including pro formas in small towns we service. The work was funded by the US EDA. Each of these housing studies may include eligible developments for the Affordable Homeownership Program.
Bucksport: Bucksport Market Assessment Report FINAL Dec 2021.pdf
Contact: Rich Rotella, Community & Economic Development Director, 207-469-7368, rich.rotella@bucksportmaine.gov
Millinocket: Millinocket Market Assessment Report FINAL Dec 2021.pdf
Contact: Peter Jamieson, Millinocket Town Manager, 207-723-7000 X5, manager@millinocket.org
Madison: Madison Market Assessment Report FINAL Dec 2021.pdf
Contact: Tim Curtis, Madison Town Manager, 207-696-3971, edd@madisonmaine.com
Ashland: Ashland Market Assessment Report FINAL 12-29-21.pdf, Appendix A – Ashland Housing Market Analysis Report.pdf
Contact: Todd Saucier, 207-385-2071, ToddSaucier@UnitedInsurance.Net
East Millinocket: East Millinocket Market Assessment Report FINAL Dec 2021.pdf
Contact: Peggy Daigle, 207-746-5116, mndaigle@myfairpoint.net
Maine Downtown Center
The Maine Downtown Center is a program of the Maine Development Foundation devoted to fostering new vitality at the heart of Maine Communities.
U.S. Small Business Administration
The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.
Finance Authority of Maine (FAME)
The Finance Authority of Maine provides access to innovative financial solutions to help Maine citizens pursue business and higher educational opportunities.
Maine & Company
Maine Company is a private, non-profit corporation whose staff provides free and confidential services to companies locating to or growing in Maine. Services include real estate site searches, data collection and analysis, incentives identification and valuation, site visit coordination, and financing coordination.
All Maine Chambers of Commerce
A complete listing of Maine’s Chambers of Commerce.
Maine State Chamber of Commerce
As the state’s most influential business advocate, the Maine State Chamber of Commerce works to ensure a business climate in which Maine State Chamber members, large and small, can compete successfully in the local, regional, national, and world marketplaces.
