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.
Mayor Stan Peterson, left, and Economic Development Director Ron Harriman (not pictured) present a "Paddle To The City" to Dairy Queen owners Kathy, Bill and Larry Hannon.
On April 2 the Old Town City Council proudly recognized Dairy Queen. Owners Larry, Kathy and Bill Hannon opened the business in 1997. They are presently adding an attractive addition, however, they are open during construction. When completed, the popular location will have total seating for 65 customers. The addition is expected to be open on May 1. Dairy Queen is open year round and offers a wide variety of ice cream and grilled food. Located at 613 Stillwater Avenue, they are open daily from 10:30 AM to 9:00 PM.
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.