Maine Towns Finance Business Growth


PORTLAND, ME (August 29, 2018) - Numerous towns throughout the state of Maine are issuing economic development loans to spur business growth and job creation.

The city of Portland loaned $3.04 million since 2013 to 38 different projects ranging from a daycare to tortilla manufacturers.

“The city’s commercial loan program exists to assist Portland businesses that are not yet bankable or that have a financial gap with a bank to support business growth,” Nelle Hanig, Portland’s business programs manager said.

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