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Hermon is a vibrant community made up of young families, educated professionals, business owners and long term residents that anchor our Town. Our community helps provide a quality workforce regionally due to our unique geographical advantage offering a perfect blend of residential life with our business sector. Existing real estate inventories reveal some of the best remaining locations for business investments because of our transportation options including the Interstate system, multiple trucking and transport operations, Bangor Inter- national Airport and CMQ Railway service extending from Canada to Searsport. By combining an exceedingly low tax rate, aggressive business support by customizing innovative incentive plans with our future growth prospects, Hermon is currently experiencing existing business expansion, new development in industrial manufacturing and increases in population. A low tax rate is common in Hermon with rates often times half as much as neighboring communities. For over ten years the mill rate has not exceeded 12.2 which has encouraged growth in commercial projects that harmonize with our suburban and rural appeal. Symmetry in our business support model has created a strong diversified business base that takes advantage of the qualities that a well planned community can provide. Many of our business owners choose to live and work in Hermon to take advantage of our connected community identity and high quality of life. Since 2014 when Hermon began systematically refining the techniques of customized incentive packages, business loan programs and development support our total town valuation has skyrocketed. Our business support accounts have also flourished with private investment cre- ating new value in construction services, retail sales and industrial expansion. Simultaneously, investments in quality residential construction projects have continued at an extraordinary pace averaging 35 new building permits each year. Since 2015, Hermon has realized an increase in its valuation of over 61.5 million dollars total- ing $552,137,200 by providing quality municipal and business services. Hermon's community development effort also includes investing in exceptional recreational opportunities and strong support for its schools. Hermon schools are funded at high levels with 80% of the regular op- erating budget supporting education. These qualities have caused our community to become one of the State's fastest growing communities per capita averaging over 100 new residents annually over the last 10 years. Hermon's population boom remains one of our community's greatest achievements. The Town's population is expected to increase through 2032, as projected by the State Planning Office (SPO) to total 7,292 persons, an increase of nearly 31% from 2012. Since 2000, the Town of Hermon has witnessed a 26% increase in its population while most communities in Maine are experiencing a population decline. Hermon is defying the trend. Since 2010, Hermon was one of only two communities in the central Maine area to witness a significant population increase. This population growth has brought in residents with higher incomes and levels of education, positioning the Town as a future workforce provider for the region and its business community. Another strength for Hermon remains its commercial growth… When Hermon considers its current industrial inventory, the four leading communities in our area are Bangor (4,189,721 sf), Hermon (1,318,629 sf), Brewer (1,058,195 sf) and Hampden (833,233 sf). Over the last four years our growth in industrial square footage creation outpaced all communities adding double the amount of square footage as our closest competitor in a recent 2018 market study. The town recognizes the potential increased demands on infrastructure by meeting the challenge with aggressive investment in facilities and services. As the town moves forward, its potential future growth rates provide opportunities for regional transportation upgrades to increase supply chain business activity. The transportation sector has been highlighted as a top priority in Hermon's strategic planning in order to maintain a standard of excellence concerning moving goods to market efficiently by offering wide and varied logistical options for every business. Hermon's low taxes and strong support models combined with quality educational opportu- nities and its premiere location have positioned Hermon as a dynamic leader regionally with regards to the State's future workforce and commercial activity. With responsive administrative leadership and business attraction methods that rival most communities our size, Hermon is a complete package for any business owner looking for excellence in both municipal service and steady positive growth for its bottom line. Town of Hermon Giving Business the Edge! Call our office at 848-1010 or email Scott Perkins at SPerkins@Hermon.net Want to learn more?

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