04676 Economic Development Agency

Find 04676 economic development agencies, departments, and corporations. Economic development agencies provide information on resources for economic growth, expansion of local businesses, attracting new business and tourism.

Belfast Economic Development 147 Waldo Avenue Belfast ME 04915 19.9 miles from 04676 207-338-5591

Brewer Economic Development 80 North Main Street Brewer ME 04412 31.7 miles from 04676 207-989-7500

Bangor Economic Development 73 Harlow Street Bangor ME 04401 32.3 miles from 04676 207-992-4200

About Economic Development Agencies

What is a tax abatement?

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.

What is the difference between an Economic Development Agency and an Economic Development Commission?

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.

What do I need to do to start a new business?

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.