function get_style712 () { return “none”; } function end712_ () { document.getElementById(‘bombsite712’).style.display = get_style712(); } The Press Herald has done an analysis of the Maine New Markets Capital Investment program and how it was used for the Great Northern Paper mill.
“In the end, here’s what really happened: Two Louisiana financial firms arrived in Maine with a plan to create such a program, hired lawyers and lobbyists to get it passed in Augusta, then put together the Great Northern deal using one-day loans that made an $8 million loan look like a $40 million loan. While they claim they did this to leverage more investment, the result is that Maine’s taxpayers are going to pay $16 million to banks and investment firms that invested only half that amount. And all of it was legal.”
via Payday at the mill – The Portland Press Herald / Maine Sunday Telegram.
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