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Although the Medway area is known as one of the nation's premier four season recreational areas with numerous
tourism related business, it also has the distinction of having a strong industrial and commercial sector.
The paper and forest products industry has created a work force with unmatched technical skills and manufacturing
experience. However, faster and more efficient machinery has led to a reduction in employment in that sector, resulting
in a large number of workers who are available for businesses and industry that decide to locate in this area.
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In addition to having readily available skilled labor, the Medway area benefits greatly from the state of Maine's Pine Tree
Zones program. This program leverages an aggressive combination of tax incentives to jump-start economic development
in regions of state where unemployment is relatively high. Some of the benefits of the Pine Tree Zones program include
corporate income tax credits, income tax reimbursement and sales and use tax exemptions for qualified business activities. For
more information about the Pine Tree Zones, you can visit the Maine Office of
Business Development website.
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MAGIC, which stands for "Millinocket Area Growth and Investment Council" is a nonprofit economic development organization whose
primary objective is to support business and facilitate economic growth in the Katahdin Area. Medway, East Millinocket, and Millinocket
are the three towns serviced by MAGIC. For more information about MAGIC and how it helps Medway and it's neighbors, visit their
website at www.magic-region.com.
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The Katahdin Energy Commons is a 265 acre energy eco-park located in Medway. When completed it will offer space for businesses
complete with heat and energy provided by the on-site biomass cogeneration system as well as including 60 acres of space for use
as single family and senior-retirement housing. You can view the proposed site layout by clicking on this link
(Acrobat Reader is required).
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