AUGUSTA – Maine Department of Economic and Community Development Deputy Commissioner Brian Hodges spoke Wednesday to a group of area business leaders about the state resources available to help businesses and communities with development. About 25 people attended the event, which was hosted by the Greater Franklin Development Corporation and held at Franklin Memorial Hospital in Farmington.
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In his presentation, Hodges discussed many state programs and resources that are available. In addition to a clear and concise description of the municipal Tax Increment Financing (TIF) program, some of the other programs and resources presented included:
Business Development Specialists (BDS) BDS are regionally-located contracted economic development specialists who pro-actively meet with businesses to educate them on programs and resources available.
Pine Tree Development Zones (PTDZ) The PTDZ program offers eligible businesses the chance to greatly reduce or virtually eliminate state taxes for up to 10 years. The goal is to create quality jobs in targeted industries and support new or expanding Maine businesses, as well as businesses relocating or establishing a Maine presence.
Governor’s Training Initiative (GTI) Jointly administered by DECD and the Department of Labor, the purpose of this program is to provide Maine industry with a globally competitive workforce; to provide Maine workers with world-class skills and quality employment; and to promote community capacity for worker retention and sustainable economic growth. GTI has helped encourage major employers to relocate/expand operations in Maine by assisting with training costs.
“These programs significantly contribute to Maine’s economy and support local businesses and communities,” said Hodges. “It’s important that the public have a clear understanding of these programs and how they can contribute to economic growth.”
Prior to his position as deputy commissioner, Hodges served as the director of tax incentive programs for DECD. Before that, he served as the business development specialist for the central region of Kennebec, Somerset and Franklin Counties.
For more information about resources available and/or to subscribe for DECD’s monthly e-newsletter, Connections, which includes the latest news, events and business tips, please visit the DECD website, www.businessinmaine.com
