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 owner Brooke Gardner in November. Brooke's goal has been to create a safe location for youth and family members to meet after school. The new cafe has been totally renovated to create an appealing space for young people. It's nicely decorated with comfortable seating, counter for snacks and beverages, games and even a pool table. The new location has been open over a year and is also a venue for music and even has instruments and a stage. Coffee, soft drinks and snacks are available. Musicians from the Old Town Jazz Ensemble join the fun on youth night every other Friday 4:30 to 7:30 PM. The cafe is open Tuesday through Friday 8 AM to 1 PM and after school 3 - 7 PM. Math and science tutoring is also available. A church service is held at 10:30 on Sunday.
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.