| Type of Incentive |
Program |
Potential Amount |
Form of Incentive |
| Federal |
Brownfields (assessment grants) |
$200,000 per property; $600,000 per community in the aggregate |
Grants |
|
Brownfields (revolving loan funds) |
Up to $1,000,000 in loan funds |
Loans |
|
Brownfields (cleanup funds) |
Up to $200,000 per site(same applicant can make up to three applications) |
Grants |
|
Northern Border Regional Commission |
Up to $500,000 for infrastructure projects;up to $250,000 fpr non-infrastructure |
Grants |
|
CDBG (municipal infrastructure) |
Up to $500,000 |
Grant |
|
CDBG (businesses) |
up to $1,000,000 |
Grant |
|
EDA Title 1 Public Works |
$500,000 to $1,500,000 |
Grants, loans, loan guarantees |
|
USDA REAP Loan Guarantees |
Up to $25 million |
Loan Guarantee |
|
USDA REAP Grants |
Up to $250,000 for energy efficiency; up to $500,000 for renewable projects |
Grant |
|
New Market Tax Credits |
39% federal tax credit over 7 year period |
Tax |
|
EB-5 Visa Program |
Investor must invest a minimum of $1 million (or $500,000) in targeted employment |
Equity/Loans |
|
SBA Loan Guarantees |
Up to $5 million (or $5.5 million for small manufacturing) |
Loan guarantee |
|
Modified Accelerated Cost Recovery System |
Depends on scope and nature of investment |
Tax |
|
DOE and related Renewable Energy Programs |
Project dependent |
Grants, loans, loan guarantees |
|
| State and Local |
Tax increment Financing |
Up to 100% reimbursement of new tax revenue for up to 30 years; determined by local valuation and tax rates |
Tax |
|
Tax increment Financing |
Loans utilizing TIF Funds- project dependent |
Loans |
|
Tax increment Financing |
Enviromental Improvements/captial costs |
Cash; in-kind |
|
ETIF |
30%to 80% reimbursement for eligible new work income tax witholdings for up to 10 years |
Tax |
|
Pine Tree Development Zones |
Corporate income tax credit up to 100% for first 5 years, 50% for next 5 years; sale and use exemptions for eligible property for up to 10 years |
Tax |
|
Business Equipment Tax Exemption |
BETE exempts certain business equipment from taxation |
Tax |
|
Sales Tax exemption for fuel and electricity in manufacturing |
95% exempt from sales tax |
Tax |
|
New Market Tax Credits |
Tax credits up to 39% to investors in qualified community development entities that reinvest in certain businesses in eligible low income communities (administered by FAME) |
Tax |
|
Seed Grant Program (MTI) |
Up to $25,000 |
Grant |
|
Governmental Bonds |
Determined by municipality and project needs |
Bond/Loan |
|
Private Activity Bonds |
Determined by municipality and project needs |
Bond/Loan |
|
PILOT |
A PILOT is a payment in lieu of taxes, made to compensate a local government for some or all of the tax revenue lost due to tax exempt ownership or use of a particular piece of real property. Usually it relates to the foregone property tax revenue. |
Tax |
|
|
|
|
