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Financing Incentives Small Corporate Offering Registration (SCOR) program allows businesses to raise capital by selling up to $5,000,000 in securities during any 12-month period. Under this program, a business uses a simplified form to register its securities in each state where it intends to offer the securities for sale. A company that uses the SCOR program and is raising $1,000,000 or less is not required to file its offering materials with federal securities regulators. Companies using the SCOR program can offer and sell their securities through general solicitation and public advertising. There are no trading restrictions. Contact: Maine Department of Professional and Financial Regulation (207) 624-8551 www.maine.gov/pfr Small Enterprise Growth Fund provides up to $500,000 in patient capital to small businesses that demonstrate a potential for high growth and public benefit. Funds must be matched in cash. Investments from the fund may be structured as convertible debentures or direct purchases of preferred stock. Contact: Finance Authority of Maine (207) 623-3263 or (800) 228-3734 www.famemaine.com Tax Exempt Bond (SMART-E) provides tax exempt bond financing up to $7,000,000 to manufacturers that may be used to purchase and/or construct a manufacturing facility, and/or purchase new machinery and equipment. Because these bonds are tax exempt, borrowers are offered attractive interest rates. Bonds may be structured to finance up to 90% of an eligible loan based on collateral value. Contact: Finance Authority of Maine (207) 623-3263 or (800) 228-3734 www.famemaine.com Taxable Bond (SMART) provides credit-enhanced taxable bond financing up to $7,000,000 for the construction or acquisition of real estate and the purchase of new or existing machinery and equipment. The assets do not need to be related to manufacturing. Contact: Finance Authority of Maine (207) 623-3263 or (800) 228-3734 www.famemaine.com Tax Increment Financing provides municipalities with a local tool to finance the cost of private development. A municipality may use all or a portion of the new property taxes that result from an investment project within a designated district to assist in that project's financing. The municipality has the option of issuing bonds (which are retired using the tax increment), or disbursing the tax increment directly to the investing business to cover project costs. TIF districts may be designated for a period of up to 30 years. The terms of financing are established by the municipality. A public hearing and the majority vote of the municipal legislative body is required. Contact: Maine Department of Economic and Community Development (207) 624-9800 www.econdevmaine.com The Economic Development Program (EDP) provides communities with gap funding to assist identified businesses in the creation/retention of jobs for low-and moderate-income persons.  Activity Breakdown:  Applicants may apply in only one specific grant activity group.  Applicants for Activity Group Numbers 2 below may also utilize the DF Loan Activity for the same project but are limited to a total of $400,000 in EDP assistance. Eligible EDP Activities and Maximum Grant and Loan Awards: Activity Group   Maximum Award 1. Grants to Municipalities: for acquisition, relocation, demolition, clearance, construction, reconstruction, installation and rehabilitation associated with public infrastructure projects such as water and sewer facilities, flood and drainage improvements, publicly- owned commercial and industrial buildings, parking, streets, curbs, gutters, sidewalks, etc. All public infrastructure must be owned by the municipality or public or private utility and be in support of an identified business. $300,000 2. Grants to Municipalities for Direct Business Support: for non-capital equipment, land and site improvements, rehabilitation or construction of commercial or industrial buildings, working capital and capital equipment. $200,000 3. Development Fund Loan (DF): for acquisition of existing facilities, land and site improvements necessary for the construction of a new facility, rehabilitation or construction of commercial or industrial buildings, structures, non-capital equipment, capital equipment, working capital and real property improvements. $300,000 Contact Somerset Economic Development Corp at 207-474-0166 for more information about this program.

Small Corporate Offering Registration Small Enterprise Growth Fund Tax Exempt Bond (SMART-E) Taxable Bond (SMART) Tax Increment Financing Economic Development Program     see also: Training Incentives Tax Incentives Pine Tree Zones

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