Business Incentives & Funding
Funding & incentives are available for businesses if you know where to look.
Below are links to information at the local, state and federal levels to help get you started. This includes links to several regional partners, institutions and organizations offering their own grant and lending opportunities, mentorship services and more.
Gorham
We take pride in sponsoring our own grant programs for local businesses and a Revolving Loan Fund program to eligible businesses. These programs demonstrate our commitment to supporting and growing our local business community.
- Local grant program: Providing matching grant funding for local businesses in the areas of façade improvement, energy efficiency, and capital expenditures.
- Revolving Loan Fund: One of our best tools to attract, retain and help grow local businesses. Funding available up to $150,000 on fixed rates and flexible terms.
State of Maine
Maine Financial Incentives: Click here for the full list from Maine Department of Community and Economic Development, including:
- Dirigo Business Incentive: Maine state tax credits for capital investments and working training investments in certain business sectors.
- Business Equipment Tax: Receive up to a 100% tax exemption from personal property taxes on your eligible business equipment.
Maine Funding Network: Comprised of alternative funding sources from all over the state to provide a single source for identifying funding opportunities based on your criteria and eligibility.
FAME: FAME offers a wide array of business assistance programs, ranging from traditional loan insurance programs for both small and larger businesses, to investment tax credits. FAME’s Business Roadmap outlines key steps in the business planning and financing process, along with the tools, resources, and trusted partners that can help you along the way.
Greater Portland Council of Governments (GPCOG): Our region’s Economic Development District, bringing state and federal funding to communities through grant and loan programs.
CEI Maine: A nonprofit, community development financial institution (CDFI) providing small business loans and business advising services for targeted industries and populations.
Roux Institute: An exciting new tech talent and innovation hub from Northeaster University, supporting education, research and entrepreneurship through funding, collaboration and partnership.
National (U.S.)
- U.S. Small Business Administration (Maine): District office providing services including funding programs, counseling, federal contracting certifications, and disaster recovery.
