Pine Tree Development Zone News Today

In 2018, our sister newspaper, The Ellsworth American, ran an editorial headlined with the question: “Are Pine Tree Development Zones unmonitored corporate welfare?” The conclusion? That the program was well-intentioned

Newly created program looks to bolster skilled labor force, attract business opportunities through tax credits.

Newly created program looks to bolster skilled labor force, attract business opportunities through tax credits.

Gov. Janet Mills unveiled a budgetary change package on Wednesday that includes substantial funding proposals that would help the state build new affordable housing, help parents afford child care, and help businesses train new workers. But the Democratic governor is at the same time calling for new business tax cuts that critics say are unproven

Early backers of the plan include top Democrats and Republican lawmakers and business groups, a coalition that virtually ensures it will sail through the Legislature.

The proposal would replace the existing Pine Tree Development Zone plan with tax credits that reward companies creating jobs that require more skills.

The proposal would replace the existing Pine Tree Development Zone plan with tax credits that reward companies creating jobs that require more skills.

AUGUSTA- The States General Fund revenue forecast is expected to get ungraded by $223 million .

Gov. Mills and state Republicans have different ideas about what to do with the extra money.

The Pine Tree Development Zone program needs to remain a staple for economic development in Maine. We need to continue rewarding employers who create good-paying jobs for employees. PTDZ’s opponents may be well intentioned, but they are also shortsighted in their opposition. Few viable alternatives, if any, have been suggested to replace the program. Removing […]