A $4 million loan from the Finance Authority of Maine helped reopen the Eastland

Authors

Source

Maine Sunday Telegram

Date

3-21-1993

Pages

1F, 7F

Abstract

A $4 million loan from the Finance Authority of Maine helped reopen the Eastland Woolen Mill in Corinna, saving 350 jobs but also raising questions about how much risk the state should assume to keep a failing business going. Feature article, related story.

Subjects

Eastland Woolen Mill Corinna, Finance Authority of Maine (FAME)

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