Maine Stories and Impact

State Fact Sheet

Note: the jobs totals in this fact sheet are through 2015 and they include a combination of direct, indirect, and induced FTE jobs and construction jobs. The “total investment” number refers to the total project investment (not NMTC allocation) in the state through the second quarter of 2020.

The New Market Tax Credit program brings good jobs, economic vitality and hope to undercapitalized rural regions of Maine, New England and the United States.

-Betsy Biemann, Chief Executive Officer, Coastal Entperprises Inc., Brunswick, ME Tweet This

Community Testimonials​

Maine NMTC Videos

Maine NMTC Stories

2011

Waterville, ME 

NTMC financing funded Educare Central Maine, the first Educare site in New England….
2004
Construction of a 44,000 sq. ft. marine research/education laboratory on the waterfront in Portland, with a mission of sup-porting the fishing industry in the…
2005

Piscataquis County, ME 

NMTC investments raise the profile of rural Maine as a premier, nature-based tourism destination. …
2013

Lewiston, ME 

Established over 100 years ago, Quoddy is a high-end, hand-sewn shoe manufacturer….
2005

Jackman, ME 

The wood industry is one of the largest employers in the state of Maine accounting for approximately 19,000 jobs….
2009

Grand Lake Stream, ME 

Grand Lake Stream Plantation is a town located in rural Washington County, Maine….
2012
Funds the purchase and installment of medical manufacturing equipment at US processing facility of Mölnlycke, a Swedish-owned wound-care manufacturing, eliminating need to ship product…
2014

Baileyville, ME 

In Baileyville, on the far east corner of Maine’s easternmost county, some workers drive from as far as two hours to reach the high-quality…
2013

Athens, ME 

The Maine Woods Pellet Company, an existing successful vertically-integrated, third-generation family owned white wood pellet manufacturing and timberland business based on a 55-acre site…