Sponsored by Representative Martin Grohman (I) of Biddeford, LD 1338 was reported out of the Committee on Taxation, “Unanimous Ought to Pass as Amended,” and has broad tri-partisan support. The bill is a very straightforward proposal that can have significant impact on preserving and creating jobs in Maine, and provide even greater incentive for lenders providing the capital required to finance these conversions. The bill sailed through both the Maine House of Representatives and Senate, and will now be sent to the Special Appropriations Table. As the legislative session comes to a close, cooperators in Maine are making a final push for the proposal to be funded. Stay tuned!
Check out these opinion pieces featured in the state’s largest papers:
- Bill would help retiring business owners transfer ownership to workers
By Rob Brown, CDI’s Director of Business Ownership Solutions, in the Portland Press Herald - Worker Cooperatives can be a boon for Maine’s rural economies
By Vaughan Woodruff, founder of Insource Renewables, in the Bangor Daily News