Sen. Gerzofsky Sponsors Bond Package to Benefit Base Re-Development

AUGUSTA – Senator Stan Gerzofsky (D-Brunswick) has sponsored a measure to authorize a $25 million bond to fund ongoing community reinvestment and job creation efforts. Most of the funding would go to Brunswick Landing and Topsham Commerce Park.

“These funds are necessary to continue and build upon the success of our redevelopment efforts to date,” said Senator Gerzofsky. “We know from the work that has happened so far that these efforts have been successful, and that an investment from the state yields greater returns down the road.”

Since 2011, 24 businesses have been operating at Brunswick Landing. Seven of these companies are new to Maine: Mölnlycke Health Care, Kestrel Aviation, Oxford Networks, American Bureau of Shipping, Integrated Marine Systems, Savilinx, and FlightLevel Aviation. 200 jobs have been created; $6 million has been paid out in state and local contracts, and over $800,000 in new property taxes have been paid to the towns of Brunswick and Topsham.

“It is expected that this investment could support the creation or retention of 8,500 jobs and over $60 million in private investment,” said Senator Gerzofsky.

The measure, L.D. 1180, “An Act To Authorize a General Fund Bond Issue for the Maine Community Reinvestment and Job Creation Fund,” will face a work session in the Appropriations and Financial Affairs Committee later this session.

###