Longchamp's Business Park - Clients

Pine Tree Zone Benefits

* ETIF equaling 80% of net new employee state income tax withholdings for 10 years

* 100% state corporate income tax credit for 5 years; 50% credit for subsequent 5 years

*100% sales tax exemption on building materials and personal property (effective 7/05).

* Reduced electric rates

Pine Tree Zones
may be layered with
other incentives:

* Municipal TIFs

* Federal New Markets Tax Credit

* Community Development Block Grants

* Maine Technology Institute seed grants

* Maine Seed Capital Tax Credit

* Maine Small Enterprise Growth Fund

Maine Pine Tree Zone Information

Introduced by Governor John E. Baldacci in 2003, Maine's Pine Tree Zone Program is designed to spur economic development and job creation in targeted regions of the state where unemployment is relatively high and wages are relatively low.

" Increasing economic opportunity for the people of Maine is our highest priority. The Pine Tree Zone program encourages businesses to locate in targeted areas of the state, where we need to create good jobs. The program helps Maine compete against other states for business attraction." - Governor John E. Baldacci

Companies Involved in the Pine Tree Zone Program


Bates College	CitiStreet Financial	Knight-Celotex	Formed Fibre Technologies	Geiger

General Electric	International Paper	Liberty Mutual	L.L. Bean	Nestle Waters Group

NewPage Paper Co	Panolam Industries	Per-Se Technologies	P&G/Tambrands	Wal-Mart Distribution Center

Companies Located at Longchamp's Business Park

Longchamp's Construction
Longchamp's Realty