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It's called the Pine Tree Development Zone Program, and it offers businesses in Maine a number of incentives, including a sales tax exemption, an income tax credit, and enrollment in a program that reimburses a company a percentage of employee wages, per the Portland Press Herald.
But some say it doesn't work, and the state is asking lawmakers to extend it for another five years.
"There is a big division among some people who believe it works and some people who believe it doesn't," says Rep.
Michael Fitzpatrick.
"I would like, if people ask me, to be able to give them an answer or a place to look."
The state's economic and community development commissioner says the Mills administration is working on revamping the program, and a bill to make changes will come before the Legislature in the coming weeks, per Spectrum News.
The department's tax incentive policy manager says about 130 businesses are enrolled in the program, with businesses reporting they received about $14 million in benefits in 2021, per the Maine Department of Economic and Community Development.
The program offers to cover the entire state, then retracted to cover all areas except York and Cumberland counties.
"When Mathews Brothers Windows decided to expand to Hermon, the company took advantage of the state's
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Haril Kazindra and wife Andrea are the co-founders of Musana, a community development NGO that runs 19 social enterprises across Uganda.Musana has offices in Denver and London and employs 700 staff,...more
Foundation: Lilly Endowment
All In Kosciusko exists to promote and accelerate the economic and community development already happening across the county.Concerns about economic diversification, talent retention and quality of...more
The Bill Gatton Foundation supports K-12 and higher education, health, and community development in Kentucky, Upper East Tennessee, and Southwest Virginia.Large education grants include $13.5 million...more
Local organizations win $9 million for new affordable housing, social services.Connecticut's Community Investment Fund grants come amid a deluge of cuts to federal funding.The fund was established in...more
Foundation: Parasol Tahoe Community Foundation
Parasol Tahoe Community Foundation has proudly supported Bread & Broth for the past 10 years.In 2024, the Community Foundation was able to introduce the mission of Bread and Broth to a donor who is...more
Foundation: Latino Community Foundation
Latino Community Foundation Awards $3.88M in Grants Across California and Nevada.NewsBreak: Latino Community Foundation awards $3,000,000 in grants across California andNevada.Newsbreak: $1.5 million...more
Alejandro Betancourt Lopez rejects traditional corporate social responsibility models that separate business operations from community impact.Rather than limiting community engagement to corporate...more
Thoughtful giving isn't just about making a donation, it's about creating meaningful impact.Community foundations exist to connect generosity with need, ensuring that charitable giving is both...more
Kareem Thomas most recently served as Chief Credit and Lending Administration Officer at Reinvestment Fund.Bhavani Daryanani has more than 20 years of experience in the sector, bringing deep...more
SECU Foundation has been named a recipient of the 2024 Carolinas Credit Union Foundation Hero Award for Partner in Philanthropy.The SECU Foundation promotes local community development in North...more
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
