Maine's City of Old Town is aggressively preparing for our future and your business

We are here to help you invest in, move to, or work in our great City!

News

Old Town has Loan Programs available to assist businesses

Jun 9, 2018

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.

Old Town Selected for Tax Benefits

Jun 9, 2018

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.

USDA Seeks Applications for Loans and Grants

Mar 23, 2016
USDA Seeks Applications for Loans and Grants to Help Grow Rural Businesses and Spur Economic Development Read more.
More Articles

Featured Business

Chinatown Recognized

 

Mayor David Mahan and Economic Development Director Ron Harriman (not pictured) proudly presented a “Paddle to the City” to owner Yuan Wang in May. Yuan Wang has owned and operated the business for seven years. Chinatown is located in the Old Town Plaza at 492A Stillwater Avenue. They offer an extensive menu including lunch specials and family combinations. You can eat-in or call ahead for quick pick-up. Delivery is available to Old Town, Orono, Milford, and Bradley.

Chinatown is open every day except Sunday from 11:00 am to 10:00 pm. They can be reached at 827-4758 or 827-8380. For online orders, visit: www.chinatownol.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.