On Thursday, July 9th at 4 p.m. in the classroom at TechPlace, two Account Executives from Maine’s Department of Economic and Community Development will be sharing information on State and regional programs that can benefit your company. This is your chance to learn, ask questions, and make connections.

Jaimie Logan and Brian Doyle will be here to share information with you on:

  • The Business Equipment Tax Exemption (BETE): The BETE program is a 100% property tax exemption for eligible property used by your company for business purposes.
  • Employment Tax Increment Financing (ETIF): Through the ETIF, your new business can save up to 80% of withholding taxes for new employees for as long as 10 years depending on your location and industry. (Brunswick Landing is 10 years)
  • Finance Authority of Maine (FAME): FAME is an independent state agency that offers more than 20 financing programs, including the Maine Seed Capital Tax Credit Program which provides income tax credits to qualified investors in Maine business.
  • Maine Venture Fund: The Maine Venture Fund provides initial investments, typically between $150,000 and $350,000, in patient capital to small businesses that demonstrate a potential for high growth and public benefit.
    Pine Tree Development Zone (PTDZ): Depending on your business sector and location, your business may be eligible for corporate tax credits, sales and use tax exemptions for both personal and real property, withholding tax reimbursements of 80%, and reduced electricity rates. (Some financial sector companies may also be eligible for certain insurance tax credits.)

Also hear about marketing and funding opportunities available through the Maine International Trade Center (MITC) and the Maine Technology Institute (MTI) and other benefits that you cannot afford to not know about.
The session will run from 4-5:30 p.m. and pizza and drinks will be served. For planning purposes, please RSVP to Kristine Schuman at kristines@mrra.us.