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Maine is going through numerous economic changes that are proving to be a boon for businesses. One of these changes comes in the form of Pine Tree Zone (PTZ), initiated by Governor John E. Baldacci. The project's basic aim is to encourage business investment in the state. New ventures or established businesses that desire to expand in the area will find themselves enjoying several tax benefits. Pine Tree Zone encourages investment in Maine that can be advantageous to both investors and the locals.
The program is designed explicitly to uplift distressed areas of the state. Four regions have already been identified, each comprised of approximately 5,000 acres and can be split into varying parcels. The towns of these regions need a permit to participate. PTZ is especially interested in businesses that are involved with finance, manufacturing, or technology. Before operating in the state, businesses must fulfill specific requirements.
Eligibility criteria dictate that companies must demonstrate their inability to operate within Maine's borders. Only those companies that meet these qualifications can receive an income tax credit from the state, which can be as much as 100 percent. The state also offers Employment Tax Increment Financing, an instrumental tool that extends income tax benefits to employees.
This data source features up-to-date listings that are updated biweekly from new business telephone connections. The directory contains an impressive 389,829 businesses currently operating across Maine. PTZ is a project that supports business expansion and investment while also bringing benefits to the state and its citizens.
The program is designed explicitly to uplift distressed areas of the state. Four regions have already been identified, each comprised of approximately 5,000 acres and can be split into varying parcels. The towns of these regions need a permit to participate. PTZ is especially interested in businesses that are involved with finance, manufacturing, or technology. Before operating in the state, businesses must fulfill specific requirements.
Eligibility criteria dictate that companies must demonstrate their inability to operate within Maine's borders. Only those companies that meet these qualifications can receive an income tax credit from the state, which can be as much as 100 percent. The state also offers Employment Tax Increment Financing, an instrumental tool that extends income tax benefits to employees.
This data source features up-to-date listings that are updated biweekly from new business telephone connections. The directory contains an impressive 389,829 businesses currently operating across Maine. PTZ is a project that supports business expansion and investment while also bringing benefits to the state and its citizens.
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