Lincoln Technology Park could receive an additional $4.5 million from spending directed by Congress in the fiscal year 2025 Transportation, Housing and Urban Development appropriations bill.
The bill was approved by the U.S. Senate Appropriations Committee and awaits consideration by the full Senate and House of Representatives.
The park received $3.5 million in council-mandated funding for infrastructure improvements in last year's budget.
“Lincoln Technology Park is intended to fill the void created by the closure of the Lincoln Pulp and Tissue Mill and serve as a catalyst for economic growth in the region,” said U.S. Sen. Susan Collins (R-Maine), the committee's vice chair. “This funding will support the mill's continued redevelopment and efforts to restore economic opportunity for the region.”
“This plan will help install the critical infrastructure necessary for the rapid redevelopment of the former pulp and paper mill and create much-needed new jobs in the northern Penobscot County area,” said Lincoln Town Mayor Rick Bronson.
The funds will be used to upgrade infrastructure to support the company's future development.
The city of Lincoln in Penobscot County is looking to attract innovative technology companies to its parks.
The company last year inked a deal with Biofine Development Northeast, a subsidiary of Brookline, Massachusetts-based Biofine Technologies Inc., which produces heating and transportation fuels from low-quality wood biomass. The company signed a 20-year lease at Lincoln Technology Park to build a biorefinery.
Building a large-scale battery system there was proposed earlier this year by a group called Power Up New England.
