Pine Tree Development Zone (PTZ)- Tier 1 location

  • State corporate income tax credits: 100% first 5 years; 50% next 5 years.
  • 100% sales and use tax exemptions for both real and personal property.

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