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

 Longchamps Business Park - 15 Lisbon Street - Lisbon, Maine 04250 - All Right Reserved