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 David Mahan and Economic Development Director Ron Harriman (not pictured) proudly presented a “Paddle to the City” to owners Randy and Amy Cyr in September. The City held a ribbon cutting ceremony on September 27th to welcome the Cyrs and their new business FIT Physical Therapy and Consulting Services to our downtown. In attendance were (left to right) Mayor David Mahan, Cathy Duffy, Terry Duffy, Randy Cyr, Amy Cyr and Mary Jane McAvoy. Randy has 22 years of experience in all areas of physical therapy. His extensive experience includes work for St. Joseph's Home Health and Hospice, St. Joseph's Hospital, Orono Commons Skilled Nursing, Eastside Rehab, as well as outpatient physical therapy settings.
FIT Physical Therapy is a modern, first floor facility with ample parking. They are conveniently located downtown at 240 Main Street, Suite 4. For information or to schedule appointments call 944-7020 or access their website at fitphysicaltherapy.org. Hours are Monday-Friday 5:00 AM to 7:30 PM then 5:00 PM to 8:00 PM and Saturday 8:00 AM to 1:00 PM, and appointments as needed.
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.