Doing Business in Old Town: News

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Aug 26, 2018
The City of Old Town is pleased to announce that Sullivan's Wrecker Service has begun work on their new location on the Airport Road. Their goal is to be in their new 80' x 120' facility by the end of the year. Sullivan's Wrecker can be reached at 827-2416.
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.

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.

Mar 23, 2016
USDA Seeks Applications for Loans and Grants to Help Grow Rural Businesses and Spur Economic Development
Jan 7, 2016

The community recently completed a comprehensive downtown revitalization plan for the City of Old Town with assistance from consultant Wright-Pierce.