Investor alert! An Opportunity Zone Prospectus has been developed for the city of Belfast, Maine.
Situated in the heart of Maine’s coastal region, Belfast is located 45 miles from Maine’s capital of Augusta, 30 miles from the City of Bangor, and 80 miles from Maine’s largest city of Portland. The City is known for its vibrant historic downtown district, acclaimed regional farmers’ markets, and a picturesque and active working waterfront, along with other coastal amenities.
The Belfast Opportunity Zone encompasses the entire City and is home to a multitude of investment opportunities. Belfast’s growing population demonstrates a demand for new housing to support its well-educated and skilled workforce, and millennials and empty nesters are becoming very important demographic groups for its economy. The City is recognized for its shipbuilding and food production clusters, as well as its two leading employment industries, healthcare/social assistance and retail.
Belfast has a number of sites that are currently ready for investment and redevelopment, two of which are profiled in this prospectus. Both the City of Belfast’s Economic Development Office, and Belfast’s Main Street Maine Organization, Our Town Belfast, are ready to assist prospective investors who are interested in this beautiful coastal community.