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:
- http://mrra.us/brunswick-landing-among-32-maine-opportunity-zones/
- https://www.foxbangor.com/news/item/45984-lincoln-sets-up-opportunity-zones-for-businesses
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.
- http://www.mainebiz.biz/article/20180904/NEWS0101/180909991/limestone-workshop-features-tips-on-%E2%80%98opportunity-zone%E2%80%99-investing
- https://www.centralmaine.org/opportunity-zone/
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.