PRESS RELEASE
For Immediate Release:
November 2012 – Portland, MAINE USA
Anania & Associates Investment Company LLC (AAI) was honored recently by The Finance Authority of Maine (FAME) at its annual meeting and awards event, Showcase Maine, on Tuesday, November 13, 2012, at Portland’s Holiday Inn By The Bay. AAI received the ‘Business at Work for Maine Award’.
FAME noted that ‘Anania & Associates Investment Company is a private investment fund that invests in small, well-managed companies in the manufacturing companies. Over the years it has successfully utilized the FAME-administered Maine Seed Capital Tax Credit Program to increase out-of-state investment in Maine. Some businesses in Anania & Associates’ portfolio have used other FAME programs to expand intonew product lines’.
“We look forward to celebrating the successes of the past year with our partners in Maine’s business and higher education communities,” said Beth Bordowitz, FAME’s Chief Executive Officer.
“We are proud to showcase Maine businesses and educational organizations, and it is a privilege for us to honor some of Maine’s innovative leaders.”
“We are very excited to be chosen as this year’s FAME Business Award winner. FAME has been very supportive over the years in helping our organization nurture small businesses to become productive, job creating assets in the State of Maine” commented Peter V. Anania, Chairman of AAI.
“The Maine Seed Capital Tax Credit program has been a very valuable tool for us to attract investment to grow these companies.”
“Currently the AAI group of companies has over 150 employees with another 20 or so expected to be hired in the near future”, Anania further declared.
“We look forward to continuing success and a mutually beneficial on-going relationship with FAME.”
AAI takes a long view of each investment providing patient capital and corporate infrastructure to support strong growth of the overall portfolio of Maine manufacturing companies.