Lincoln Technology Park could receive another $4.5 million in congressionally directed spending in the FY 2025 Transportation, Housing and Urban Development Appropriations bill.
The legislation, approved by the U.S. Senate Appropriations Committee, awaits consideration by the full Senate and House.
The park was awarded $3.5 million in congressionally directed spending for infrastructure improvements in last year’s budget making.
“The Lincoln Technology Park aims to serve as a catalyst for economic growth in the region, helping to fill the void left by the closure of the Lincoln Pulp and Tissue Mill,” said U.S. Sen. Susan Collins, R-Maine, vice chair of the committee. “The money would support the continued redevelopment of the mill and efforts to restore economic opportunities in the region.”
“It would support the installation of critical infrastructure, which is necessary for the rapid redevelopment of the former pulp and paper mill, resulting in the creation of badly needed new jobs in the northern Penobscot County region,” said Rick Bronson, Lincoln’s town manager.
The money would go toward infrastructure upgrades to support future development by businesses.
The town of Lincoln, in Penobscot County, is looking to attract innovative tech companies to the park.
Last year, it signed Biofine Developments Northeast, a subsidiary of Brookline, Mass.-based Biofine Technologies Inc. that derives heating and transportation fuel from low-quality woody biomass. The business took a 20-year lease in Lincoln Technology Park to develop a biorefinery.
Earlier this year, a utility-scale battery system was proposed for construction there by a group called Power Up New England.
