New Markets Program’s return for Maine a positive by any standard

AUGUSTA — The nonpartisan Office of Program Evaluation and Government Accountability recently released its comprehensive report on the New Markets Capital Investment Program. The report showed what many of us in the economic development business know first-hand to be true: When government and the private sector work together, Maine wins....

What OPEGA discovered, in short, is that Maine’s New Markets Capital Investment Program has been a successful economic development tool. While some projects have been more successful than others, OPEGA found that New Markets has provided an overall positive fiscal impact of $15.8 million for Maine’s budget.

It’s clear from the report that this program is benefiting Maine’s economy....

Read the full article at the Portland Press Herald