A number of econonic changes are taking place in Maine that may allow it to become a bonanza for companies that are looking to conduct business there.

One of these changes has come in the from of the PTZ, or Pine Tree Zone. The goal of this project is to promote investment in the state. Governor John E. Baldacci is the person primarily responsible for this project.

New and established businesses that are looking to expand into this area will find a number of tax advantages. The companies that wish to invest in Maine will bring benefits to both themselves and the citizens that live there.

The goal of the Pine Tree Zone was to improve areas of the state that the state government designated as being distressed. Four regions have been chosen, and the goal is to facilitate an application process.

Each region will be comprised of approximately 5, 000 acres, and it can be split into a number of different parcels. The towns that wish to participate in this project must be given a permit.

The businesses that are sought after the most for this project are those that deal with finance, manufacturing, or technology. There are a number of qualifications that businesses must meet before they can do business in this state.

The companies that wish to operate in a PTZ area must demonstrate that they cannot operate in the state unless they have access to this region.

If the company qualifies, the state of Maine will give them an income tax credit that is 100 percent, along with the Employment Tax Increment Financing, which can bring income tax benefits to employees.

The listings contained in this data source are updated on a biweekly basis, and are amassed from new telephone connections established as a Business Account that would normally be added to our Yellow Pages. It contains listings for 389, 829 businesses located in Maine....

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