Pine Tree Development Zone (PTDZ) program offers eligible businesses the chance to greatly reduce or virtually eliminate state taxes for up to ten years. Our goal is to:

Eligible Sectors

 

•Biotechnology	•Aquaculture and Marine Technology
•Composite Materials Technology	•Environmental Technology
•Advanced Technologies for Forestry and Agriculture	•Manufacturing, including Precision Manufacturing
•Information Technology	•Financial Services

Benefits

Beginning in 2010, newly-certified businesses located in certain municipalities in York and Cumberland counties will be limited to 5 years of benefits. These Tier 2 municipalities, based on prior calendar year Department of Labor unemployment data, are listed below. Otherwise eligible businesses locating in any municipality not listed below (Tier 1 municipalities) will have access to 10 years of benefits.

Cumberland county		York county
Cape Elizabeth		Berwick
Chebeague		Buxton
Cumberland		Dayton
Falmouth		Hollis
Freeport		Kennebunkport
Gorham		Old Orchard Beach
Gray		York
Harrison
Long Island
New Gloucester
North Yarmouth
Portland
Pownal
Raymond
Scarborough
South Portland
Standish
Westbrook (not Sappi)
Windham
Yarmouth

 

Contact
Please contact your local Business Development Specialist for more information.