Dirigo Business Incentives

  • 10% capital investment tax credit (5% capital investment tax credit in Cumberland, Sagadahoc, and York counties)
  • $2,000 per employee is provided for a qualified employee training program annually.

To learn more, visit: https://www.maine.gov/decd/business-development/financial-incentives-resources/incentives/dirigo

Business Equipment Tax Exemption (BETE)

  • 100% local property tax exemption on business equipment.

Opportunity Zone (OZ)

  • Federal tax incentives for taxpayers who invest unrealized capital gains into designated “Opportunity Funds,” dedicated to investing in established “Opportunity Zones.”

Municipal Tax Increment Financing (TIF)

  • MTIF may be used to leverage new property taxes generated by a specific project with a defined geographical district.
  • Any portion of the taxes may be used to finance projects for up to 30 years.

New Market Tax Credit (NMTC)

  • Net contribution of 22-26% of total project capital, forgiven after 7 years.

Streamlined Permitting and Flexible Zoning