Program Name: Municipal Tax Increment Financing Resource Type: State State: Maine, Northeast Agency: Program Source: Tax Incentive Description: Municipal Tax Increment Financing (TIF) is a finance vehicle available to Maine municipalities (cities, plantations, towns) and the Unorganized Territory. These TIF-eligible entities propose and drive the creation and approval of...
Program Name: Pine Tree Development Zones Resource Type: State State: Maine, Northeast Agency: Program Source: Tax Incentive Description: Pine Tree Development Zone (PTDZ) program offers eligible businesses the chance to greatly reduce or virtually eliminate state taxes for up to ten years. Our goal is to: create quality jobs...
Program Name: Right-of-Way Discovery Grants Resource Type: State State: Maine, Northeast Agency: Program Source: Grant Description: Right-of-way discovery grants helps communities find and assert public rights-of-way to the shore, which may be lost by the passing of generations and changing land ownership patterns. Benefits of these grants include: enabling...
Program Name: Small Harbor Improvement Program Resource Type: State State: Maine, Northeast Agency: Program Source: Grant Description: SHIP supports the approximately 18,000 licensed commercial fishermen and related industries along the Maine coast who increasingly rely on these public facilities for access to resources. Without this program, municipalities would likely...
Program Name: Boating Facilities Fund Resource Type: State State: Maine, Northeast Agency: Program Source: Grant Description: The Boating Facilities Fund funds the acquisition, development and renovation of public recreational boat access sites to the waters of Maine. The Boating Facilities Fund Grant Program, administered by the Department's Bureau of...
Program Name: Island and Coastal Innovation Fund Resource Type: State State: Maine, Northeast Agency: Program Source: Loan Description: The Island and Coastal Innovation Fund supports entrepreneurs, invests in transformative business models, and purchases and reallocates assets that will ensure a diversified economy for the future of Maine’s island and...
Program Name: Maine Outdoor Heritage Fund Resource Type: State State: Maine, Northeast Agency: Program Source: Grant Description: The Maine Outdoor Heritage Fund conserves wildlife and open spaces through the sale of instant Lottery tickets. With proceeds from ticket sales, grants are awarded twice a year, totaling approximately $700,000 annually....
Program Name: Technology Asset Fund Resource Type: State State: Maine, Northeast Agency: Program Source: Dedicated Revenue Description: The Maine Technology Asset Fund is a competitive award program funded by Maine State bond proceeds. The awards must be used to fund capital and related expenditures supporting research, development and commercialization...
Program Name: Land For Maine's Future Program Resource Type: State State: Maine, Northeast Agency: Program Source: Dedicated Revenue Description: The Program works to coordinate and finance acquisition of lands for conservation, water access, outdoor recreation, wildlife and fish habitat and farmland conservation. Through the use of matching funds, the...
Program Name: Maine Seed Capital Tax Credit Program Resource Type: State State: Maine, Northeast Agency: Program Source: Tax Incentive Description: This program is designed to encourage equity and near-equity investments in eligible Maine businesses, directly and through private venture capital funds. FAME may authorize state income tax credits to...
