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Senate saves program that attracts investments to Maine startup companies
June 29, 2013 /
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The program, created in 1989, is estimated to have created more than 1,800 jobs in Maine since 2003 and helped retain another 5,000.
The Senate on Thursday voted to save a program that provides tax credits to people who invest in Maine startup companies.
The Maine Seed Capital Tax Credit program, which is said to have attracted roughly $70 million in investments in Maine companies, reached its lifetime cap of $30 million in tax credits in January.
By Whit Richardson, BDN Staff
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Posted in: Other Economies
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