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V O L . X X X I N O. X I X 68 Fact Book / Doing Business in Maine B U S I N E S S R E S O U R C E S A child care site helps tackle one of Maine's greatest needs Roselyn North Academy is a Maine child care provider with eight loca- tions throughout the state. FAME and partners Bath Savings and Coastal Enterprises Inc. assisted with financing that enabled the com- pany (an existing childcare provider) to acquire and operate six additional loca- tions in central and southern Maine from another provider. For Roselyn North Academy, previ- ously known as Beansprouts Learning Center, FAME provided two FAME direct loans as well as loan insurance on a loan by Bath Savings Institution. Further, FAME and CEI participated through the Grow Maine Program on a direct loan. e borrower was able to increase the company's capacity by 524 childcare spots to a total of 636 licensed spots for eight total centers. e financing helped to retain 77 jobs and create another 51 jobs by the end of 2024. ere is strong public benefit in this financing as there is high demand for child care services in the state. e Maine Economic Development Strategy 2020-29 calls in Action E-1 for increased investments in Maine's child care system, so clearly this is a statewide priority as well as a priority for businesses. A former mill has new life as salmon farm Great Northern Salmon has given new life to an old paper mill in Millinocket. FAME financing, including a direct loan as part of the State Small Business Credit Initiative program and seed capital tax credits, assisted this salmon stock farm located at the former Great Northern Paper site, which is now part of the One Katahdin redevelopment. e company is building an Atlantic salmon fish farm using a recir- culating aquaculture system at the One North industrial site in Millinocket. e salmon will be hatched, raised and processed on-site and sold both locally and to regional Northeast markets. e facility is projected to produce salmon by 2026. FAME funded costs for the development and site work at the for- mer mill site. Renewable fuel sparks economic growth at old paper mill site EME Biofuels, a subsidiary of Houston-based Castlerock Biofuels LLC, the company plans to operate a renewable fuel oil facility at One North, the industrial park located at the former Great Northern Paper mill site in Millinocket. FAME provided Maine New Markets capital investment program tax credits and tax-exempt bond financing for the project. (207) 282-7697 | ncormier@pmconstruction.com | www.pmconstruction.com WE BUILD RELATIONSHIPS Roselyn North Academy founder Angela Garrison. The child care provider now has eight Maine locations. P H O T O / C O U R T E S Y O F FA M E ยป C O N T I N U E D F RO M PA G E 6 5 P H O T O / C O U R T E S Y O F FA M E