Help for local businesses in Falmouth Maine

Local businesses are the fabic of our wonderful State of Maine. It is a huge part of our economy and communities. If you own your own business and are struggling in these difficult economic times, please see the resources below. We need to keep our local businesses thriving, when you spend money shopping, making home improvements or car repairs, etc please consider your locally owned businesses first!

What types of financial assistance are available for your business?

The State of Maine offers several financing and tax reimbursement programs. Click here for an overview of State financing programs, such as Business Equipment Tax Reimbursement (BETR), Employment Tax Increment Financing (ETIF), Maine Technology Institute (MTI), Tax Increment Financing (TIF), Finance Authority of Maine (FAME), and the Small Enterprise Growth Fund. Click here for an overview of the State's Business Equipment Tax Exemption Program (BETE).

Click here for an overview of State tax reimbursement programs, including a Business Equipment Tax Reimbursement (BETR), Technology Tax Credits, and Pine Tree Development Zone (PTDZ).

You may also wish to consult the following websites:

• Finance Authority of Maine
• Maine Department of Economic and Community Development
• Maine Office of Business Development
• Maine Small Business Development Centers
• Small Enterprise Growth Fund

The Town of Falmouth has created three TIF districts.West Falmouth Crossing, created in 1998, is in West Falmouth near Turnpike exit 53. Route One North and Route One South were created in 2000 and are located along Route One North and South in East Falmouth near Interstate 295.

The TIF districts have been used to encourage major new commercial construction in Falmouth and to assure continued infrastructure investment by the Town in these two business areas. The Town investments are guided by a multi-year investment plan that is part of the Town’s budget and is approved by the Town Council.

If you have any questions pertaining to financial assistance or TIFs, please contact Nathan Poore, Town Manager, at (207) 781-5253 Ext.5314.