Written By: Skip Bates - Former Midcoast Magnet President
Midcoast Magnet’s goal is to attract, connect, and retain talented people in Maine. We foster projects that promote livability, sustainability, and economic vitality. Maine is a fabulous place to live, if you have a sense for good living. It can also be a great place to do business, if you have a sense for value. Making money and living well are not mutually exclusive ends.
One of the best kept secrets in the State: Maine’s Seed Capital Tax Credit Program. Want to make a guaranteed 60% return on your investments? Try putting your money in a Maine business! Think I’m kidding? Check it out at www.famemaine.com. Investors can take advantage of tax credits equal to 40-60% of their investment by investing in Maine companies engaged in either 1) manufacturing; 2) sale of goods or services with 60% of revenue derived from outside the State; 3) advanced technologies; or 4) attraction of significant permanent capital into the State.
Why send your money to Wall Street when you could put it to use on a Maine street?
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