News

Maine Seeking Feedback About Creating New Opportunity Zones

Maine Seeking Feedback About Creating New Opportunity Zones

Photo: 560 WGAN Newsradio


AUGUSTA, Maine (AP) Maine officials are soliciting feedback about the use of a new federal program designed to bring jobs and growth to localized areas.

The Maine Department of Economic and Community Development says it wants input about the creation of “Opportunity Zones.” The state says the creation of an Opportunity Zone could bring tax benefits to help attract new investment and stimulate growth.

The federal government wants designations of Opportunity Zones to be completed by March 21. One quarter of Maine’s 123 low-income census tracts are eligible to be designated as Opportunity Zones according to the state.

The Opportunity Zones program was created last year. The state is taking public comments until March 9.

Latest Headlines

1 day ago in Local

Mt. Desert Island officials raise alarm over potential impact of government shutdown on local economy

If Congress can't come to an agreement over the budget by the end of Tuesday, at least a partial shutdown will occur that'll limit operations by federal agencies like the National Park Service, potentially shutting down Acadia National Park.

2 days ago in Local

Pair of men involved in Saco drive-by shooting plead guilty

Two Massachusetts men are pleading guilty to several charges in a drive-by shooting in Saco last year

2 days ago in Local

Standoff at Peru home ends with death of suspect

A man accused of causing a standoff with police in the town of Peru was found dead.

2 days ago in Local

Long Running Pie Contest Draws Big Numbers at Cumberland Fair

All proceeds from the Pie Contest are going to benefit the Cumberland Food Pantry.

2 days ago in Local

Collins Lone Republican to Criticize Job Cut Threat During Gov. Shutdown

A memo this week instructs agencies to use the shutdown as an opportunity to reduce their work forces.