Find 04448 economic development agencies, departments and corporations. Economic development agencies provide information on resources for economic growth through the expansion of local businesses and by attracting new business and tourism.
Piscataquis County Economic Development 50 Mayo Street Dover-Foxcroft ME 04426 26.3 miles from 04448 207-564-3638
Bangor Economic Development 73 Harlow Street Bangor ME 04401 34.2 miles from 04448 207-992-4200
Brewer Economic Development 80 North Main Street Brewer ME 04412 34.7 miles from 04448 207-989-7500
A tax abatement is an agreement between a business and a taxing entity, such as a state, county, or local government, which provides a temporary tax reduction for a business that expands or makes physical improvements. Typically, the additional property taxes that would have been levied as a result of the business expansion or improvement are forgiven for a specified period of time. Businesses are sometimes offered tax abatements as a way to encourage expansion and investment.
An Economic Development Agency is an agency of the government staffed by professional employees who implement the programs and services of the agency. An Economic Development Commission usually refers to an appointed board that serves as an advisor on economic policy. Economic Development Commissions are common at the county and local levels of government.
Most Economic Development Agencies have a staff person or office to help prospective business owners to understand how to register their business and obtain any necessary licensing.