- Maine’s Pine Tree Development Program allows biotech., aquaculture, manufacturing, and IT businesses the chance to reduce or eliminate state tax liability for up to ten years.
- Maine’s Finance Authority and participating lenders will make special terms available to Maine-based businesses that have experienced interruption or hardship due to COVID-19 for loans up to $50,000.
- Maine Employment Tax Increment Financing Program refunds between 30%-80% of the state withholding taxes paid by the business for up to ten years based on the company’s location within Maine.
- Maine’s Business Equipment Tax Exemption program exempts most business equipment from local property taxation across the state
- Maine’s Major Business Headquarters Expansion Program (MBHQ) provides a tax credit against the total tax due for 2% of its qualified investment in the State not exceeding $16,000,000 if a company locates its principal facility from which it conducts national/global business in Maine, employ at least 5,000 individuals worldwide (25% in Maine), have business locations in at least three other states/nations, and intent to make an investment of at least $35,000,000.
- Maine Employment Tax Increment Financing Program refunds between 30%-80% of the state withholding taxes paid by the business for up to ten years based upon the company locating in an underserved market.
