Maine Manufacturer Plans Further Expansion

AUGUSTA – Touting it as another indication that Maine’s economy is headed in the right direction, Governor Paul R. LePage today conveyed his congratulations to Ntension Corporation of Hermon on its planned expansion.

Ntension is a wholesale manufacturer of tension-fabric structures. The business is preparing to expand this spring into a brand-new 40,000 square-foot facility, allowing it to grow its workforce by more than 20 jobs over the next two years.

The company has been working closely with Governor LePage Account Executive Jaimie Logan and the Maine Department of Economic and Community Development (DECD) in an effort to access incentives to help make this expansion a reality.

“I commend Ntension on its continued growth and commitment to providing additional quality jobs to Maine people,” said Governor Paul R. LePage. “I am also pleased that our various economic incentives played a key role in facilitating this expansion and helping attract and retain much-needed private investment and new job opportunities for Mainers.”

“Ntension is bursting at the seams,” said Governor LePage Account Executive Jaimie Logan. “They’ve chosen not to advertise recently because they did not wish to recruit more business than they can adequately serve produce in a timely manner. This is not only a huge tribute to their success and growth potential, but also their dedication to providing exceptional client service.”

Ntension serves as just one example of what the Federal Reserve Bank of Philadelphia recently characterized as a “booming” economy in Maine. The Fed noted that Maine moved to one of the ten best states in the nation in their leading index forecast for economic growth over the coming months. The index was released a few days after the Bureau of Labor Statistics (BLS) issued its employment data for Maine, which showed that the past three years of private-sector job growth have been the best three years for Maine in over a decade.

The company plans to complete its new manufacturing facility in May 2014, with an estimated workforce of 80 to 90 people by 2017.

DECD incentive programs offer eligible businesses the chance to greatly reduce or virtually eliminate state taxes for up to ten years when they create new, quality jobs in certain business sectors, or move existing jobs in those sectors to Maine. Governor LePage Account Executives help businesses access these necessary resources and create a more competitive, attractive economic climate for private investment.

For more information about DECD incentive eligibility and benefits, permitting and licensing information, and the Governor’s Account Executives, please visit the web links below.

DECD: http://www.maine.gov/decd/

Governor LePage Account Executives: http://www.maine.gov/decd/start-grow/govs-account-execs/index.shtml

Business Answers: (207)–624-9818

###

Working Closely with Governor LePage Account Executive - Jaimie Logan, Ntension Corporation of Hermon Looks to Create 21 New Jobs