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Article: Pine Tree firms beginning to reap benefits
- Article from:
- Bangor Daily News Bangor, ME
- Article date:
- July 2, 2004
- Author:
CopyrightCopyright 2004 Bangor Daily News Bangor, ME. Provided by ProQuest LLC. (Hide copyright information)
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Two years after then U.S. Rep. John E. Baldacci set out a seven-
point economic package during his run for governor, Maine businesses
and communities are starting to chalk up benefits from what once was
a campaign promise.
The bundle of state-proffered tax, wage and investment incentives
called the Pine Tree Zone program moved forward June 30 with a
deadline for communities wanting to apply for Pine Tree Zone status,
and with the July 1 roll-out of new program benefits.
Aimed specifically at communities hamstrung by low wages and high
unemployment, the program, since April has certified more than 100
communities and 18 businesses statewide as participants. The first
concrete benefits won't ...