Pine Tree Zones
Financial Incentives for Businesses
Pine Tree Development Zone (PTDZ) program offers eligible businesses the chance to greatly reduce or virtually eliminate state taxes for up to ten years. Our goals are to:
- Create quality jobs in targeted industries; and
- Support new or expanding Maine businesses, and businesses relocating or establishing a Maine presence.
Eligible Sectors
- Biotechnology
- Aquaculture and Marine Technology
- Composite Materials Technology
- Environmental Technology
- Advanced Technologies for Forestry and Agriculture
- Manufacturing, including Precision Manufacturing
- Information Technology
- Financial Services
Benefit Highlights
Maine offers businesses the following advantages:- A high quality of life
- Competitive tax incentives
- An affordable cost of living
- A skilled and productive workforce
- An attractive wage base
- Customized worker training programs
- Academic partnerships tailored to support specific business needs
- Technology incubators
- Business incubators supported by the University system
Hermon has it!
Whether you're looking for quiet country roads or new age homes in carefully crafted suburban developments, Hermon has it all. Conveniently located just minutes to a major airport and state of the art shopping facilities and 45 minutes from beautiful Acadia National Park, Hermon offers you a great place to call home.