FAME Lends Financial Assitance to East Millinocket Paper Mill

Updated 3 years ago

The Finance Authority of Maine is stepping in to help the restart of the Great Northern Paper Mill in East Millinocket. FAME’s board approved a direct loan of $1 million earlier in November to assist the mill, where about 215 workers have been recalled. FAME says the loan will help the company make personal property tax payments due by the end of the year.The CEO of Great Northern says the company appreciates FAME’s assistance. No word on when the company’s second mill in Millinocket could start up again.


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