Saturday, April 23, 2011

Maine Grants for Business

Maine state contour with Money Town versus blurred USA flag picture by Stasys Eidiejus from Fotolia.com

New and current business proprietors in Maine may possibly be qualified for a assortment of grant and mortgage funding plans from general public and personal resources close to the state. Owners really should plan to meet with modest business growth authorities in their area to examine these and other possibilities that could be offered.

The Maine Engineering Institute

The Maine Technological innovation Institute (MTI) is a nonprofit corporation funded by the state of Maine that presents Cash funding aid for tiny corporations that generate large-good quality careers in Maine. MTI has a range of funding possibilities, from Engineering advancement to seed Cash for new business jobs, and they award Money many situations every single 12 months. Most of grant funding does demand matching Cash from the enterprise or particular person applicant.

Pine Tree Zones

Pine Tree Zones are found all around the state and offer tax incentives for organizations in Technologies and production to lessen or eradicate state taxes and develop new work. There are 8 Pine Tree Zones and they incorporate: Aroostook County, Androscoggin Valley, Downeast, Kennebec Valley, Midcoast, Penobscot Valley, PenQuis, and Southern Maine. Pine Tree Zones encompass far more than one hundred Maine cities and communities.

Finance Authority of Maine

The Finance Authority of Maine (FAME) delivers equity Funds and mortgage packages to new and present corporations in Maine. The Maine Seed Money Tax Credit score Prepare presents tax credits for traders, although the Maine Financial Growth Enterprise Funds strategy is a general public/personal collaborative prepare that operates with funders to aid new companies. In addition, FAME has a amount of mortgage packages that are accessible to particular person business sorts, but are usually incredibly person. Some examples contain potato marketing and advertising, regional applications for day cares, and vitality conservation efforts to minimize business running fees.

Modest Organization Advancement Fund

The Little Organization Development Fund is a $nine million Enterprise Money fund, funded by the state's legislature in 1995, that is offered on a revolving foundation to tiny organizations working in Maine.

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