The City of Old Town has created two loan programs to promote new and existing businesses within the City. Both programs are in partnership with Camden National Bank and the Penobscot Federal Credit Union. Application may begin by contacting the lender directly or by contacting: Ron Harriman (Economic Development Director): 207-947-8595.Read more.
Opportunity Zones are a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. The Opportunity Zones program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Opportunity Zones designated by the chief executives of every U.S. state and territory. Read more below about how the Opportunity Zones program works, as well as its history and community of supporters.Read more.
Owner Chuck Lawrence cuts the ribbon to officially welcome Tradewinds to the City of Old Town. Pictured left to right are store manager Kristi Melanson, owner Chuck Lawrence, Wheelhouse Willey (Dustin Lawrence), general manager Dutch Holland, and Mayor Stan Peterson.
Tradewinds Variety Store located at 671 Stillwater Avenue held its grand opening on May 24th. Old Town Mayor Stan Peterson and Economic Development Director Ron Harriman welcomed owner Chuck Lawrence and his employees with a ceremonial ribbon cutting and "Paddle To The City" presentation.
The attractive store has a full service kitchen, groceries, extensive craft beer selection, gas pumps and even smoothies. There are 14 other Tradewinds locations in the region. The Old Town store employs six people and is open every day from 6:00 AM to 9:00 PM. Their website is tradewindsmarket.com.
The Old Town City Council and the Old Town Development, LLC are working to create new business opportunities and jobs for the City and thank all business owners and employees for their commitment to Old Town.