Bill to boost fledgling Maine companies' growth in jeopardy

The bill’s sponsor, Sen. Linda Valentino, a Democrat from Saco, said securing funding for the bill was still one of her highest priorities and that efforts were underway to save the program.

“We really need legislative action to put more money into the program,” she said. “It’s been hugely successful and we feel this is an immediate stimulus to the Maine economy.”

Her bill would remove the lifetime cap, replacing it with an annual cap of $5 million in tax credits.

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