| Accelerated Commercialization Fund |
Who: MTI funded companies seeking to bring new products and services to market.
What: Investments to help bridge the gap between R&D and sales.
|
The MTI investment will piggyback on other investor's terms, generally in the form of equity, and either convert existing MTI debt and/or provide additional capital to help advance the company's new products toward the market. |
Sponsored by the Maine Technology Institute |
| Agricultural Development Grant Program |
Who: Anyone supporting agricultural products.
What: Grants to assist in assessing market potential of new ideas, increasing market promotion of existing businesses, or improve the adoption of new technology on the farm.
|
Accelerate new market development, adoption of advantageous technologies and promotion of state agricultural products by state producers. |
Sponsored by the Department of Agriculture. |
| Agricultural Marketing Loan Fund |
Who: Parties engaged in agricultural enterprises.
What: Loans for capital improvements for the business.
|
Provide assistance for the design, construction or improvement of commodity and storage buildings and packing and marketing facilities; for the purchase, construction or renovation of buildings, equipment, docks, wharves, piers or vessels used in connection with a commercial agricultural enterprise; for the purchase of land in connection with development of new cranberry acreage; for the purchase of land for irrigation reservoirs or to provide direct access to water for irrigation; for the purchase of land |
Sponsored by the Department of Agriculture and Finance Authority of Maine. |
| Agricultural Marketing Loan Fund - Aquaculture |
Who: Parties engaged in commercial aquaculture.
What: Loans for capital improvements for the business.
|
Provide assistance for the design, construction or improvement of commodity and storage buildings and packing and marketing facilities; for the purchase, construction or renovation of buildings, equipment, docks, wharves, piers or vessels used in connection with a commercial agricultural enterprise. |
Sponsored by the Department of Agriculture and Finance Authority of Maine. |
| Cluster Enhancement Awards |
Who: Industry sponsored collaborative technology projects led by non- or for-profit groups.
What: Grants up to Up to $200,000 per project. Match required.
|
To stimulate the growth of technology businesses and infrastructure in Maine. |
Sponsored by the Maine Technology Institute |
| Cluster Initiative Program |
Who: Universities & Non-Profits & businesses collaboratively.
What: Awards support Maine’s technology sectors by importing infrastructure, connections among businesses, research laboratories and educational institutions.
|
To stimulate growth and communication of technology clusters. |
Administered by the Maine Technology Institute. |
| Cluster Initiative Program |
Who: Universities & Non-Profits & businesses collaboratively.
What: Awards support Maine’s technology sectors by importing infrastructure, connections among businesses, research laboratories and educational institutions.
|
To stimulate growth and communication of technology clusters. |
Sponsored by the Maine Technology Institute. |
| Cluster Initiative Program |
Who: Universities & Non-Profits & businesses collaboratively.
What: Awards support Maine’s technology sectors by importing infrastructure, connections among businesses, research laboratories and educational institutions.
|
To stimulate growth and communication of technology clusters. |
Sponsored by the Maine Technology Institute. |
| Commercial Facilities Development Program |
Who: Private or public entities developing new facilities or purchasing non-productive facilities.
What: Loans up to $500,000.
|
Assist in the development of new commercial facilities and the acquisition and redevelopment of nonproductive commercial facilities for subsequent return to productive use through sale or lease. |
Sponsored by the Rural Development Authority. |
| Commercial Facilities Development Program - Growth |
Who: Private or public entities developing new facilities or purchasing non-productive facilities.
What: Loans up to $500,000.
|
Assist in the development of new commercial facilities and the acquisition and redevelopment of nonproductive commercial facilities for subsequent return to productive use through sale or lease. Targeted to specific geographic areas. |
Sponsored by the Rural Development Authority. |
| Commercial Loan Insurance Program |
Who: Any business engaged in a prudent activity.
What: Loan to insure a portion of a loan made by a financial institution.
|
Designed to help businesses access commercial credit. Business must demonstrate the ability to survive, preserve and create jobs, and repay the obligations. |
Sponsored by the Finance Authority of Maine. |
| Community Development Block Grant Program (CDBG) |
Who: Office of Community Development (OCD).
What: Offers Block Grant Funds for municipalities to achieve their community and development objectives.
|
To support communities and their economic needs. |
Sponsored by the Department of Economic & Community Development’s Office of Community Development |
| Community Enterprise Grant Program |
Who: Communities seeking to assist small and micro-businesses and revitalize downtown business districts.
What: Grants
|
Communities win the grants, then use the money to help small and micro-businesses. |
Sponsored by the Department of Economic and Community Development: Office of Community Development. |
| Development Awards |
Who: Universities, non-profits and businesses developing new products, services and process improvements.
What: Conditional loans support research and development of new technologies for the market. Match required.
|
Up to $500,000 per project. Includes prototype development and testing, patent applications, small scale manufacturing and scale up for manufacturing with limited production. Match required. |
Sponsored by the Maine Technology Institute |
| Development Awards - Manufacturers |
Who: Companies developing new products, services and process improvements.
What: Conditional loans support research and development of new technologies for the market. Match required.
|
Up to $500,000 per project. Includes prototype development and testing, patent applications, small scale manufacturing and scale up for manufacturing with limited production. Match required. |
Sponsored by the Department of Economic and Community Development and Maine Technology Institute |
| Development Awards - R&D |
Who: Companies developing new products, services and process improvements.
What: Conditional loans support research and development of new technologies for the market. Match required.
|
Up to $500,000 per project. Includes prototype development and testing, patent applications, small scale manufacturing and scale up for manufacturing with limited production. Match required. |
Sponsored by the Maine Technology Institute. |
| Economic Recovery Loan Program |
Who: Manufacturing, industrial, recreational or natural resource enterprises.
What: Loans
|
Loan proceeds may be used for any appropriate commercial purpose, as determined by the authority, including working capital and bridge loans pending other financing. |
Sponsored by the Finance Authority of Maine. |
| Employment Tax Increment Financing |
Who: For-profit, non-retail, non-utility businesses adding a minimum of five net new Maine jobs within a two-year period.
What: Employment Tax Reimbursement
|
For-profit, non-retail, non-utility businesses adding a minimum of five net new Maine jobs within a two-year period, may be eligible for Maine's Employment Tax Increment Financing. Under the ETIF program, businesses are reimbursed up to 80% of their new employees' Maine income tax withholdings for up to 10 years. To qualify, new employees must receive an annual income greater the county's average per-capita income, and be provided access to group health insurance and an Employee Retirement Income Security Act (ERISA)-qualified retirement program. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| General business programs |
Who: Governor's Training Initiative
What: Reimbursement for on-the-job training, competitive retooling, assessment, job-task analysis, workplace safety and literacy, specialized recruitment, high-performance skills, or customized technical training.
|
Develops and coordinates training for firms intending to expand or locate in Maine, reorganize a workplace to remain competitive, or upgrade worker skills. |
Sponsored by the Department of Economic and Community Development and Department of Labor |
| Governor's Training Initiative |
Who: Employers paying at least 85% the average wage in the occupation.
What: Reimbursement for on-the-job training, competitive retooling, assessment, job-task analysis, workplace safety and literacy, specialized recruitment, high-performance skills, or customized technical training.
|
Develops and coordinates training for firms intending to expand or locate in Maine, reorganize a workplace to remain competitive, or upgrade worker skills. |
Sponsored by the Department of Economic and Community Development and Department of Labor |
| High-Technology Investment Tax Credit |
Who: Businesses engaged primarily in high-tech activities.
What: Income tax credit for high-tech equipment purchased or leased.
|
Provide an incentive for businesses to invest in equipment that is used in high-technology business activity. |
Sponsored by the Department of Revenue. |
| Jobs and Investment Tax Credit |
Who: Industries making substantial capital investments in Maine and creating at least 100 new jobs following the investment.
What: Tax relief
|
Taxpayer must create at least 100 new jobs within two years from the date the qualified property was placed in service and invest at least $5,000,000 in one year. The credit is limited to tax liability or $500,000, whichever is less. |
Sponsored by the Maine Revenue Service |
| Linked Investment Program for Agriculture |
Who: Businesses whose principal source of income is from producing crops or raising livestock. Targeted to geographic areas of need.
What: Reduces borrower interest rate expenses on agricultural operating loans specifically for the purchase of seed, feed, fertilizer, chemicals, veterinary services, labor, production-related energy and other production inputs.
|
Makes low-interest loans available to agricultural enterprises involved in cultivating soil, producing crops and raising livestock or their by-products. |
Sponsored by the Finance Authority of Maine. |
| Linked Investment Program for Commercial Enterprises |
Who: Non-agricultural for-profit businesses trying to create or retain jobs.
What: Loan interest rate reduction.
|
To provide financial assistance to businesses that need assistance in order to create or retain jobs. |
Sponsored by the Finance Authority of Maine. |
| Maine Attraction Film Incentive Program |
Who: Media production companies producing in Maine and spending at least $250,000.
What: Wage Reimbursement and Income Tax Credit.
|
Two-part monetary benefit package: partial reimbursement of wages paid to employees working on a certified media production; and a credit for all Maine income taxes that would otherwise have been assessed against the income associated with the certified production. |
Sponsored by the Department of Economic and Community Development: Maine Film Office. |
| Maine Biomedical Research Fund |
Who: Non-profits, laboratories, and academic organizations conducting biomedical research; private businesses in partnership.
What: Grants
|
Available to eligible Maine institutions that conduct competitive, scientific biomedical research related to the biology, causes, diagnosis, treatment, control and prevention of physical and mental diseases or impairments afflicting humans. |
Sponsored by the Department of Economic and Community Development and Maine Technology Institute |
| Maine Economic Development Venture Capital Revolving Investment Program |
Who: Established venture capital funds that support emerging and early-growth businesses.
What: The State invest as an equal partner with others in eligible private venture capital.
|
Goal is to create and retain jobs in Maine through investments in high-growth businesses. |
Sponsored by the Finance Authority of Maine. |
| Maine Farms for the Future Grants |
Who: Farmers and landowners who own at least 5 acres of land in active agricultural production.
What: Grants of technical assistance for developing business plans, and funds to help implement those plans.
|
Provide selected farms with assistance in developing a detailed business plan that involves changes in the farm's operation to increase the vitality of the farm and investment money to help implement the plan. |
Sponsored by the Department of Agriculture. |
| Maine Film Office |
Who: Maine Attractions Film Incentive Package
What:
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To bring more films and productions to Maine |
www.filminmaine.com. |
| Maine International Trade Center |
Who: Businesses desiring to compete in the international market.
What: Technical assistance, trade counseling, workshops and more.
|
MITC offers global exposure to Maine's businesses that want to succeed in international markets. |
Sponsored by the Maine Technology Institute. |
| Maine Made - Maine Products Marketing Program |
Who: Maine producers
What: Marketing assistance
|
Marketing assistance and works to expand market opportunities for Maine's producers. |
Sponsored by the Department of Economic and Community Development. |
| Maine Manufacturing Extension Partnership |
Who: Manufacturers
What: Business assistance to transform from a traditional to world-class organization.
|
Examples of assistance types: learn tactics to save money, adequately compete in the marketplace, implement more efficient management strategies, and apply lean manufacturing methodologies which present the biggest opportunity for immediate bottom-line improvements. |
Sponsored by the Maine MEP |
| Maine Micro-Enterprise Initiative Fund |
Who: Community based organizations requiring funds to provide technical and training assistance to micro-enterprises.
What: Grants
|
A community wins the grant, then uses the money to help micro-enterprises. |
Sponsored by the Department of Economic and Community Development. |
| Maine Patent Program |
Who: Inventors and small businesses.
What: Technical assistance to identify and protect their intellectual property.
|
A resource for information and education on the patent process and other means of intellectual property protection. Inform what needs to be done to obtain and maintain legal rights to ideas, if possible, and to provide assistance with the patent process to those who qualify. |
Sponsored by the Center for Law and Innovation, UM Law School. |
| Maine Procurement Technical Assistance Center |
Who: Individuals and businesses seeking to contract and/or subcontract with Department of Defense, other Federal Agencies, or State a
What: Provides specialized and professional technical assistance.
|
To provide specialized and professional assistance to individuals and businesses seeking to learn about contracting and subcontracting opportunities, actively seeking contracting and subcontracting opportunities, and/or performing contracts and subcontracts with Department of Defense, other Federal Agencies, or State and Local governments. |
Sponsored by the Maine PTAC. |
| Maine Quality Centers |
Who: Businesses – or consortia of small businesses – creating a minimum of eight new full-time job.
What: Free workforce training
|
Customized education and training programs at the community colleges. |
Sponsored by the Maine Community College System. |
| Maine Seed Capital Investment Tax Credit |
Who: Investors owning less than 50% of a young business with annual gross sales of not more than $3,000,000.
What: State income tax credit to investors for up to 60% of the cash equity they provide to eligible Maine businesses.
|
Investments may be used for fixed assets, research or working capital. Target businesses must be a manufacturer or service provider with 60% sales derived from outside the state or to out-of-state residents, or engaged in developing or applying advanced technologies, or must bring significant capital into Maine. |
Sponsored by the Finance Authority of Maine.
|
| Maine Seed Capital Investment Tax Credit - Manufacturers |
Who: Investors owning less than 50% of a young manufacturing business with annual gross sales of not more than $3,000,000.
What: State income tax credits to investors for up to 60% of the cash equity they provide to eligible Maine businesses.
|
Investments may be used for fixed assets, research or working capital. Business must have 60% sales derived from outside the state or to out-of-state residents, or engaged in developing or applying advanced technologies, or must bring significant capital into Maine. |
Sponsored by the Finance Authority of Maine. |
| Maine Seed Capital Investment Tax Credit - Technology |
Who: Investors owning less than 50% of a young business engaged in developing or applying advanced technologies, with annual gross sa
What: State income tax credits to investors for up to 60% of the cash equity they provide to eligible Maine businesses.
|
State income tax credits to investors for up to 60% of the cash equity they provide to eligible Maine businesses. |
Sponsored by the Finance Authority of Maine. |
| Maine Technology Asset Fund |
Who: Maine private and public universities, non-profit organizations and private organizations.
What: Awards to fund capital and related expenditures to support research, development and commercialization projects.
|
All available funds have been awarded. View the list of awardees. |
Sponsored by the Maine Technology Institute |
| Maine Technology Centers |
Who: Early-stage, technology-intensive enterprises
What: Provides critical early-stage business assistance and training, assistance with access to capital, networking and mentorship.
|
Two Centers are currently in operation: Maine Center for Enterprise Development in Portland and the Target Technologies Center in Orono |
Sponsored by the Department of Economic and Community Development’s Office of Innovation. |
| Maine Technology Centers - Aquaculture |
Who: Early-stage, technology-intensive enterprises
What: Provides critical early-stage business assistance and training, assistance with access to capital, networking and mentorship. Also offers specialized equipment for aquaculture.
|
Two aquaculture facilities are part of the Maine Aquaculture Innovation Center: one in Franklin at the Center for Cooperative Aquaculture Research and the other in Walpole at the Darling Center. |
Sponsored by the Department of Economic and Community Development’s Office of Innovation. |
| Maine Technology Centers - Environmental Tech |
Who: Advanced environmental technologies.
What: Provides critical early-stage technical, business, administrative, and financial resources and training for participating firms.
|
|
Sponsored by the Department of Economic and Community Development’s Office of Innovation |
| Maine Technology Centers - Forest |
Who:
What: Business assistance through incubation centers that provide critical early-stage technical, business, administrative, and financial resources and training for participating firms.
|
|
Sponsored by the Maine Office of Innovation |
| Maine Technology Centers - Manufacturing |
Who: Precision Manufacturers
What: Business assistance through incubation centers that provide critical early-stage technical, business, administrative, and financial resources and training for participating firms
|
|
Sponsored by the Maine Office of Innovation |
| Maine Technology Centers - Technology |
Who: Early-stage, technology-intensive enterprises
What: Provides critical early-stage business assistance and training, assistance with access to capital, networking and mentorship.
|
Two Centers are in operation: Maine Center for Enterprise Development in Portland and the Target Technologies Center in Orono. |
Sponsored by the Department of Economic and Community Development’s Office of Innovation. |
| Maine Technology Centers: Composite Technology Centers |
Who: Composite and Advanced Materials businesses.
What: Provides provide technical and business assistance.
|
Three locations: a well equipped industrial facility in Sanford, a multi-purpose industrial facility in Greenville, and the University of Maine’s Advanced Engineered Wood Composites Center in Orono. |
Sponsored by the Department of Economic and Community Development’s Office of Innovation |
| Maine Technology Centers: Maine Aquaculture Innovation Center |
Who: Early-stage, technology-intensive enterprises
What: Provides critical early-stage business assistance and training, assistance with access to capital, networking and mentorship. Also offers specialized equipment for aquaculture.
|
Two aquaculture facilities are part of the Maine Aquaculture Innovation Center: one in Franklin at the Center for Cooperative Aquaculture Research and the other in Walpole at the Darling Center. |
Sponsored by the Department of Economic and Community Development’s Office of Innovation |
| Maine Technology Centers: Thomas M Teague Tech Center |
Who: Biotech research
What: Provides critical early-stage technical, business, administrative, and financial resources and training for participating firms.
|
New multi-laboratory facility in Fairfield. Also business facilities and assistance. |
Sponsored by the Department of Economic and Community Development’s Office of Innovation |
| Maine Tourism Marketing Partnership Program |
Who: Eight (8) official regional tourism marketing organizations and (2) special events groups each year. Note: Only the 8 regional marketing organizations are eligible to apply.
What: Grants to create and implement programs designed to stimulate and expand the tourism.
|
Includes support for the development of special major events that attract visitors to Maine and provide impact on more than one region. |
Sponsored by the Department of Economic and Community Development: Office of Tourism. |
| Marine Research Fund |
Who: Non-profits, laboratories, and academic organizations conducting marine research; private businesses in partnership.
What: Grants for marine research.
|
Awards from $25,000 up to $500,000 to conduct high-quality, scientifically rigorous marine research programs that will have positive economic impact on the state of Maine. Private Maine companies may collaborate with these institutions as partners in proposed projects. |
Sponsored by the Maine Technology Institute |
| Marine Research Fund - Marine (including boatbuilding) |
Who: Non-profits, laboratories, and academic organizations conducting marine research; private businesses in partnership.
What: Grants for marine research.
|
Awards from $25,000 up to $500,000 to conduct high-quality, scientifically rigorous marine research programs that will have positive economic impact on the state of Maine. Private Maine companies may collaborate with these institutions as partners in proposed projects. |
Sponsored by the Maine Technology Institute |
| Phase 0 Awards |
Who: Small businesses applying for federal Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) awar
What: Proposal assistance and grant up to $5000 toward cost. Match required.
|
Help Maine businesses create competitive proposals. |
Sponsored by the Maine Technology Institute |
| Pine Tree Development Zones - Agriculture |
Who: Targeted industries including advanced agricultural research.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - Aquaculture |
Who: Targeted industries including aquaculture.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - Biotech and Biomedical |
Who: Targeted industries including biotechnology.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Maine Technology Institute |
| Pine Tree Development Zones - Composites |
Who: Targeted industries including composite engineering.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - Environmental Tech |
Who: Targeted industries including environmental technology.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - Financial Services |
Who: Targeted industries including those offering financial services.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - Forest |
Who: Targeted industries including advanced forest technology.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - General |
Who: Maine manufacturers statewide and financial services, biotechnology, aquaculture, marine technology, composite engineering, env
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service.
|
| Pine Tree Development Zones - Manufacturing |
Who: Manufacturers located in designated areas.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - Marine (including boatbuilding) |
Who: Targeted industries including composite engineering.
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Pine Tree Development Zones - Technology |
Who: Targeted industries including biotechnology, marine technology, environmental technology, advanced forest and agricultural techn
What: Tax Credits, Tax Reimbursements, and Rate Reductions for targeted industries in targeted geographic location.
|
This program works with existing programs and enhances them for specific businesses that fit particular economic and geographic criteria. |
Sponsored by the Department of Economic and Community Development and Maine Revenue Service. |
| Potato Marketing Improvement Fund |
Who: Potato growers, packers and handlers.
What: Loans to construct modern storages, modernize existing storages, and purchase packing lines as part of the industry's plan to improve the quality and marketing of Maine's potatoes.
|
To provide assistance to potato farmers for the design, construction, improvement, support and operation of storage, packing and marketing facilities; for programs and activities that improve the economic viability of the potato industry |
Sponsored by the Department of Agriculture and Finance Authority of Maine. |
| Regional Economic Development Revolving Loan Program |
Who: Small businesses with 20 or fewer employees or annual sales of less than $2.5 million.
What: Loan assistance to create or retain jobs.
|
Provide low-interest loans to for-profit businesses whose sales of services or products are primarily out of state or that are manufacturers, Must be primarily owned and operated by Maine residents. |
Sponsored by the Finance Authority of Maine. |
| Regional Economic Development Revolving Loan Program |
Who: Grants made to regional development agencies to give local businesses.
What: Provides loan assistance to businesses trying to create or retain jobs.
|
To empower communities to provide financial assistance to businesses. |
Sponsored by the Finance Authority of Maine. |
| Research Expense Tax Credit |
Who: Businesses investing in R & D in Maine.
What: Income tax credit.
|
Various qualifications apply. Please call Business Answers. |
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Commercial Agriculture and Commercial Fishing Machinery and Equipment) |
Who: Any person, association of persons, firm or corporation that purchases electricity, or that purchases or leases depreciable mach
What: Sales tax is refunded.
|
|
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Commercial Agriculture and Commercial Fishing Machinery and Equipment) - Aquaculture |
Who: Commercial aquaculture
What: Sales tax is refunded to any person, association of persons, firm or corporation that purchases electricity, or that purchases or leases depreciable machinery or equipment for use in commercial aquaculture.
|
|
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Commercial Agriculture and Commercial Fishing Machinery and Equipment) - Commercial Fishing |
Who: Commercial fishing.
What: Sales tax is refunded to any person, association of persons, firm or corporation that purchases electricity, or that purchases or leases depreciable machinery or equipment for use in commercial fishing.
|
|
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Fuel and Electricity for Manufacturing) |
Who: Manufacturers
What: Exempt from paying 95% of the sales tax on fuel and/or electricity used in the manufacturing operation.
|
|
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Machinery and Equipment for Research) |
Who: Research & Development Companies
What: Sales tax exemption for machinery and equipment used by the purchaser directly and exclusively in research and development.
|
An exemption for the machinery and equipment directly and exclusively used in “research and development” in a “experimental and laboratory” sense of R&D. |
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Machinery and Equipment for Research) - Manufacturing |
Who: Manufacturers
What: Sales tax exemption
|
Eligible: Sales of machinery and equipment used by the purchaser directly and primarily in the production of tangible personal property for later sale or use, items consumed or destroyed directly or primarily in production, and repair and replacement parts for qualified production equipment. |
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Manufacturing Machinery and Equipment) |
Who: Manufacturers
What: Sales tax exemption
|
Eligible: Sales of machinery and equipment used by the purchaser directly and primarily in the production of tangible personal property for later sale or use, items consumed or destroyed directly or primarily in production, and repair and replacement parts for qualified production equipment. |
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Products Used in Agricultural and Aquaculture Production, and Bait) |
Who: Farmers, aquaculture and commercial fishermen.
What: Sales tax exemption.
|
Sales tax exemption on sales of feed, hormones, pesticides, antibiotics and medicine for use in aquaculture production and sales of bait to commercial fishermen; sales of seed, fertilizers, defoliants and pesticides, including, but not limited to, rodenticides, insecticides, fungicides and weed killers, for use in the commercial production of an agricultural crop; sales of breeding stock, semen, embryos, feed, hormones, antibiotics, medicine, pesticides and litter for use in animal agricultural production. |
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Products Used in Agricultural and Aquaculture Production, and Bait) - Aquaculture |
Who: Aquaculture and commercial fishermen.
What: Sales tax exemption.
|
Sales tax exemption on sales of feed, hormones, pesticides, antibiotics and medicine for use in aquaculture production and sales of bait to commercial fishermen. |
Sponsored by the Maine Revenue Service. |
| Sales Tax Exemptions (Products Used in Agricultural and Aquaculture Production, and Bait) - Commercial Fishing |
Who: Aquaculture and commercial fishermen.
What: Sales tax exemption.
|
Sales tax exemption on sales of feed, hormones, pesticides, antibiotics and medicine for use in aquaculture production and sales of bait to commercial fishermen |
Sponsored by the Maine Revenue Service. |
| Seed Grant Program |
Who: Start-ups
What: Grants to support prototype development, business planning, market research and intellectual property filings. Match required.
|
Up to $12,500 per project |
Sponsored by the Maine Technology Institute. |
| Seed Grant Program - Growth |
Who: Businesses developing new products or services.
What: Grants to support prototype development, business planning, market research and intellectual property filings. Match required.
|
Up to $12,500 per project. |
Sponsored by the Maine Technology Institute. |
| Small Business Development Centers |
Who: Viable micro and small businesses, and technology-based businesses.
What: Business Assistance for creation, growth or maintenance of a business.
|
The Centers' mission is to engage itself and others in development activities that contribute to the improvement of the economic climate for and the success of micro, small and technology-based. |
Sponsored by the Small Business Administration |
| Small Enterprise Growth Fund |
Who: Early-stage enterprises
What: Invests in small Maine companies with the potential for high growth and public benefit.
|
SEGF is Maine’s venture capital fund and invests in small Maine companies in almost any industry sector, although the return must be high enough to justify the risk taken. |
Contact SEGF. Supported by the Department of Economic and Community Development’s Office of Innovation and the Finance Authority of Maine |
| Super Research and Development Credit |
Who: Businesses wanting to substantially increase investment in R & D in Maine.
What: Income tax credit.
|
Various qualifications apply. Please call Business Answers. |
Sponsored by the Maine Revenue Service. |