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Tax CreditMaineActiveVerified

Maine Employment Tax Increment Financing (ETIF)

Maine Department of Economic and Community Development (DECD)ME-ETIF
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Maine

About This Program

Refunds a percentage of state income taxes paid by newly hired Maine workers back to the employer for up to 10 years. ETIF helps companies recover payroll-related costs when creating new jobs in manufacturing, software, and other targeted sectors.

Key Requirements & Eligibility

  • 1Minimum 5 net new full-time jobs within 2 years
  • 2Jobs must pay at least 100% of county average weekly wage
  • 3Eligible industries: manufacturing, software, aquaculture, fishing, tourism and more
  • 4Benefit: 30%โ€“80% refund of state income taxes withheld from new hires
  • 510-year benefit period

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

ManufacturingTechnologyAgricultureTourism
Official Source