Maine & Co. has done extensive research and fact gathering concerning the Opportunity Zone program. This tax incentive initiative was incorporated as a new business attraction tool with Maine & Co.’s marketing materials and investment packages given to potential investors.
Some of Maine’s economic development entities that have Opportunity Zones located in their regions, such as MRRA/Brunswick Landing and the Town of Lincoln, have begun highlighting this tax incentive program on their websites and through the media. See:
Others, such as the Town of Limestone and the Central Maine Growth Council are coordinating marketing materials and hosting educational workshops on OZ incentives in their regions.
Maine and Co. will continue working cooperatively with the State, as well as Maine’s businesses, municipalities, and finance & real estate communities, particularly as the U.S. Treasury rolls out the final details and provides clarity for the Opportunity Zone’s rules this Spring.