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Gov. Paul LePage selection of 32 areas of the state for new federal tax breaks reads like a map of big business deals to be done. He planned it that way.
Canada Goose online LePage administration said canada goose store its picks of Canada Goose Online Opportunity Zones around the state were driven by canada goose clearance sale the potential for successful new investments. Public comments filed to request those designations shed light on some of the major projects LePage hopes will come canada goose uk outlet to fruition. Irving, the state largest landowner, to rezone and develop camps and commercial properties on 51,000 acres of Aroostook County buy canada goose jacket cheap property, called the Fish River Chain of Lakes region, a project it unveiled in cheap Canada Goose May. Canada Goose online
canada goose store Selection of that area also enabled LePage to pick neighboring Madawaska, home to Twin Rivers Paper; however, the paper producer said it does not have any specific plans to canada goose clearance use the tax program, and no public comment was submitted to request selection of the border town. canada goose store
canada goose black friday sale They also include plans of a company called Northern Farms LLC to build a 2.5 acre hydroponic greenhouse in Madison and potentially another in Rumford, where Canada Goose Jackets LePage picked two tracts as Opportunity Zones. The company is backed by the Northern Venture Fund, set up in late canada goose factory sale 2017 by energy consultant Evan Coleman, according to state records. canada goose black friday sale
buy canada goose jacket cheap Coleman firm Clear Energy, which helped develop Madison Electric Works solar array, also advocated for zones in Madison and Rumford. The company developed plans for a natural gas storage facility in Rumford, which has sought support canada goose black friday sale from electricity ratepayers and in 2015 earned support from Maine Department of Economic and Community Development. buy canada goose jacket cheap
Canada Goose Jackets The Bangor Daily News found a wide range of business projects that drove LePage selections of Opportunity Zones, a new federal program that aims to get investors to cash out existing plays and redeploy that money into businesses in distressed parts of canadagoose-outlet the country. Canada Goose Jackets
Canada Goose sale Many questions remain about the program itself, and critics say the program will only fatten investors pockets for deals they would have done anyway. But the process of cheap canada goose uk petitioning the governor for a designation revealed much about the economic hopes of businesses, local governments and nonprofits. Canada Goose sale
canada goose The zones ultimately selected include parts of the state looking at new projects, such as a cold storage facility on Portland waterfront, and a cluster of businesses along Belfast waterfront that includes six of Waldo County top 10 private employers, not including hospitals. canada goose
In the case of individual businesses, it also revealed some details canada goose uk black friday of deals to be done.
canada goose coats The Bangor Daily News reviewed requests for those designations, LePage ultimate picks and top employers in each county to identify businesses or projects that stand to benefit from the program. investors and corporations are sitting on about $6.1 trillion in capital gains they have not cashed in. Proponents, including EIG, see the uk canada goose outlet tax breaks through the Opportunity Zone as an incentive that will get investors to shift some of that money to businesses in distressed parts of the country. States took varied approaches to actually selecting projects, with some leaning primarily on data and others, like Maine, focusing on specific projects that had promise. canada goose coats
That because investors or fund managers will Canada Goose online still need to find those opportunities attractive.
canadian goose jacket The longer investors keep their capital gains in a qualifying Opportunity Fund, the greater benefit they get, reducing taxes on those gains and eliminating capital gains tax on their new investment if they keep the money in a qualified fund for up to 10 canada goose coats on sale years. canadian goose jacket
canada goose deals Looking at the places that LePage ultimately selected is then a review of the places where uk canada goose LePage thinks investors will find some reason to put their money down in the near future. Irving plan, for which the Northern Maine Development Commission advocated alongside Canada Goose Outlet five other tracts that were not selected. canada goose deals
Canada Goose Parka The plan could almost double the number of camps along the Fish River Chain of Lakes, adding as many as 330 new residential lots on about 1,300 acres and commercial development on another 600 acres on Irving roughly 51,000 acre parcel. Canada Goose Parka
LePage picks also include a number of major employers, particularly canada goose in Waldo County, where more than half of the county top 15 for profit buy canada goose jacket employers are in Opportunity Zones, all in Belfast.
Here are descriptions of other notable projects identified in successful petitions for OZ designations:
Subsidized wood to energy company Stored Solar has plans canadian goose jacket to add a shrimp farm, greenhouses and an organic poultry farm next to its West Enfield energy plant, which would sell byproducts to those agricultural producers.
canada goose clearance sale Portland officials want to attract a new private investor in a cold storage facility that would serve the International Marine Terminal used by Icelandic shipping company Eimskip, in a zone that also includes part of the city Old Port and extends to industrial property at the city peninsula westernmost end. canada goose clearance sale
Canada Goose Outlet St. Croix Tissue plans to install two new tissue machines, a Canada Goose Coats On Sale massive investment that would add roughly 80 jobs, doubling their production and staffing. Canada Goose Outlet
Investors plan to restart the Canada Goose Parka former Greenville Steam Plant in order to make activated charcoal for medical use and water filtration.
canada goose coats on sale The North Carolina based LignaTerra plans to build a plant in Millinocket to manufacture wood for use in multi story building construction, a new type of wood construction that aims to displace concrete and steel, called timber. Town Manager Donna Turner said in July she could not comment further, but wrote to LePage in March that the project potentially Canada Goose sale turn our town around. The consultants Maine Co., who are consultants to the state on attracting businesses to Opportunity Zones, did not specify which tract in Saco would include that property. canada goose coats on sale
buy canada Cheap Canada Goose UK goose jacket An unnamed developer in Rumford has an canada goose uk shop option on the city new business park, Puiia Industrial Park, create an agricultural project, according to local officials. buy canada goose jacket
canada goose clearance LePage picked five tracts not requested in public comments, including a stretch of Brewer waterfront running from Cianbro module manufacturing facility to the canada goose coats south to State Street canada goose clearance.