The Maine Seed Capital Tax Credit program likely hit its $5 million annual cap on the first day of applications, with 107 investors in 21 different companies submitting requests for the tax credit Wednesday.
The applications still need to be evaluated, but the Finance Authority of Maine, which administers the program, said the requests it received Wednesday would exceed the $5 million cap if all were approved.
Image: Investors lined up outside FAME's office to apply for the Maine Seed Capital Tax Credit program on Wednesday. Staff photo by Shawn Patrick Ouellette
