top of page

MAINE INCENTIVES SUMMARY

Dirigo Business Incentives
This incentive program is available yearly to companies with eligible investments and training. The program provides tax credits of 10% of eligible capital investments in equipment, machinery, and building construction. The credit is 5% in certain counties. The program also provides $2,000 per employee for eligible training, including approved private training. The tax credit is capped at $2 million per company annually and may be taken over five years. Up to $500,000 of the credit can be refundable.

Pine Tree Development Zone
This incentive reduces or eliminates various state taxes for up to ten years to create jobs in specific targeted industries, including biotechnology, aquaculture, marine technology, composite materials technology, environmental technology, advanced technologies for forestry and agriculture, manufacturing, precision manufacturing, information technology, and financial services.

Employment Tax Increment Financing (ETIF)
The ETIF offers up to 3.6 percent of new employee wages for up to ten years.

Notice: This list of economic development incentive programs is intended to provide a high-level overview of commonly pursued state discretionary programs. A comprehensive analysis of project details will determine the full scope of state and local incentive programs that may be available to support a specific project.

Site
Selection

BlueCap aids companies in developing critical location criteria and implementing thorough evaluation processes for finding future business locations resulting from a need to expand an existing facility, enter new markets, or merge locations

Economic
Incentives

Incentives often drive the approval of company capital budgets by supporting initial capital investments in facilities and equipment, reducing operating costs, and lessening the impact of government taxes and regulations.

Incentives Management

Governments require companies to complete annual reporting to ensure the company achieves its commitments for jobs and capital investment. BlueCap manages reporting for clients for the term of each incentive to ensure clients receive the benefits offered.

Economic
Development
Consulting

BlueCap helps communities of all sizes by implementing strategies focused on industry development, job creation, and tax base stability. BlueCap aids in creating strategic plans, marketing plans, cluster industry analyses, and other economic development activities to attract corporate investment and ensure economic growth.

bottom of page