Dirigo Business Incentives
Dirigo Business Incentives provide Maine tax credits for qualified capital investment and employee training in targeted sectors.
About this program
Dirigo Business Incentives are active Maine state tax incentives for eligible businesses in targeted sectors that make significant capital investments or provide qualified employee training. Eligible sectors include agriculture, forestry and fishing; manufacturing; long-distance freight transportation; software publishing, data processing and computer design services; and engineering, architecture, and scientific research and development services. Benefits include a 10% capital investment tax credit, reduced to 5% in Cumberland, Sagadahoc, and York counties, and $2,000 per qualified trained employee annually, capped at $2 million per business per year and refundable up to $500,000 per tax year.
Eligibility
Maine businesses in eligible sectors that receive DECD certification before making eligible capital investments or beginning qualified employee training.
Requirements
- Business must operate in an eligible sector.
- Business must apply for and receive DECD certification before eligible investment or training begins.
- Eligible capital investment must exceed $50,000 in eligible business property.