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. Applicants may begin by contacting the lender directly or by contacting: EJ Roach (Economic Development Director): 207-827-3965 x204.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.
On November 1, 2019 City Council President Stan Peterson (left), presented Daniel Finnemore, owner of Box of Maine with a paddle, officially welcoming their business to the City of Old Town. Also present was EJ Roach (far right), Director of Economic & Community Development.
Box of Maine is an online mail order business created for those who have either lived in Maine, spent time in Maine or want to experience what makes our state so amazing. We take the essence of Maine, package it up in a convenient, affordable gift box and ship it directly to your front door, yessah! Please vist their website to find out more information.
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.