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Old Town Receive $12million in Tax Credits for Mill in Maine

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Old Town, Me., USA (AP) A Chinese paper firm that bought a Maine mill is slated to receive $12 million in tax credits.

The Bangor Daily News reports the Finance Authority of Maine announced Thursday that it had chosen one of the most recently active Chinese companies having made investments (reported during the course of 2018 by OTW), for this time even more incentives (specific parties available in the link to the source note below).

About 130 jobs are involved as a result of what was originally a process started by acquisition from OTM Holdings for an undisclosed amount.

Information from: Bangor Daily News, http://www.bangordailynews.com

Copyright 2018 The Associated Press. All rights reserved. The original material may not be published, broadcast, rewritten or redistributed without written permission. We suggest you read the full article available online to gain specific reporting details. https://www.chron.com/news/article/Chinese-paper-firm-to-receive-12M-in-tax-credits-13466888.php

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