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V O L . X X I V N O. X I X S E P T E M B E R 3 , 2 0 1 8 30 T H E L I S T C O M P I L E D B Y S T E P H A N I E R . M E A G H E R Refreshing CD Rates that are Twice as Nice Spend more time enjoying summer with two great rates that make saving a breeze. Stop in today. *$500 minimum to open this CD (Certificate of Deposit). The APY (Annual Percentage Yield) for the CD assumes interest will remain on deposit until maturity. A penalty may be charged for early withdrawal. A withdrawal will reduce earnings. Rates effective as of 8/1/18 Auburn, Brunswick, Gray, Jay, Lewiston, Lisbon Falls, Portland, South Paris and Turner 25-Month CD 2.25% APY* 19-Month CD 1.90% APY* 1 MTI awards are disbursed in tranches based upon certain project milestones being achieved. The award amounts may not reflect actual disbursements. 2 The Maine Technology Institute invests public funds in Maine entrepreneurs and companies who engage technology to develop innovative products and services within the state's seven targeted technology sectors. Grants, loans and equity investments are issued on a competitive basis and require a minimum of one-to-one private sector match. The goals are high-paying jobs, development of intellectual property and business growth, which in turn provide tax revenue for the state. N O T E : MTI's Equity Capital program supports its grant and loan recipients as they advance their company to full commercialization and complements meaningful outside investment needed to carry the company to its next stage. The Development Award Program offers loans of up to $500,000 to support research and development of new products, processes or services leading to commercialization. MTI's Cluster Initiative Program (CIP) supports collaborative efforts in Maine's high-potential technology clusters that help spread knowledge and skills, build connections among businesses, connect businesses to research and service partners, and address common opportunities and challenges, leading to more vibrant economic growth and innovation S O U R C E : Maine Technology Institute Purchase this list and more as a PDF or Excel document at mainebiz.biz/DataCenter @ Largest Maine Technology Institute investments Ranked by amount received per award, fiscal year 2018 Amount awarded 1 Project title Type of award 2 Sector 1 The Jackson Laboratory Bar Harbor $12,500,000 Next-generation research mouse production facility Maine Technology Asset Fund 2.0 (state bond) Biotechnology 2 Direct Vet Marketing Inc. Portland $9,000,000 Vets First Choice STEM center project Maine Technology Asset Fund 2.0 (state bond) Information technology 3 Pleasant River Lumber Co. Inc. Dover-Foxcroft $4,226,000 Dover-Foxcroft facility expansion Maine Technology Asset Fund 2.0 (state bond) Forestry & agriculture 4 Verso Androscoggin LLC Jay $4,000,000 Androscoggin PM3 relaunch Maine Technology Asset Fund 2.0 (state bond) Forestry & agriculture 5 SmartLam LLC Undisclosed $3,000,000 New cross-laminated timber facility Maine Technology Asset Fund 2.0 (state bond) Composite materials 6 Hussey Seating Co. North Berwick $2,812,500 Hussey innovation project Maine Technology Asset Fund 2.0 (state bond) Information technology 7 C & L Aerospace Holdings LLC Bangor $2,634,500 Hangar and component shop capability increase Maine Technology Asset Fund 2.0 (state bond) Composite materials 8 Ready Seafood Co. Portland $2,250,000 Seafood exports expansion and industry-science collaboration Maine Technology Asset Fund 2.0 (state bond) Aquaculture & marine 9 J. S. McCarthy Co. Inc. Augusta $1,500,000 Innovations in printing press technology Maine Technology Asset Fund 2.0 (state bond) Precision manufacturing 10 Fairchild Semiconductor Corp. South Portland $1,000,000 DSN2 and ONC18EE technology development Maine Technology Asset Fund 2.0 (state bond) Precision manufacturing Sea Bags LLC Portland $1,000,000 Investing to break capacity constraints Maine Technology Asset Fund 2.0 (state bond) Precision manufacturing