Lincoln Technology Park receives $4.5 million in congressional funding for infrastructure development

Lincoln Technology Park could receive an additional $4.5 million in congressionally mandated spending in the Transportation, Housing and Urban Development Act for fiscal year 2025.

The bill passed the U.S. Senate Budget Committee and now awaits consideration by the full Senate and House of Representatives.

As part of last year's budget, the park received $3.5 million in congressionally mandated funding for infrastructure improvements.

“The Lincoln Technology Park is intended to serve as a catalyst for economic growth in the region and help fill the void created by the closure of the Lincoln Pulp and Tissue Mill,” said committee vice chair U.S. Senator Susan Collins (R-Maine). “The money will support the continued redevelopment of the mill and efforts to restore economic opportunity in the region.”

“This would support the installation of critical infrastructure needed for the rapid redevelopment of the former pulp and paper mill, resulting in the creation of much-needed new jobs in the northern region of Penobscot County,” said Rick Bronson, Lincoln City Manager.

The money will be used to expand infrastructure and support the future development of companies.

The city of Lincoln in Penobscot County wants to attract innovative technology companies to the park.

Last year, the company signed a deal with Biofine Developments Northeast, a subsidiary of Brookline, Massachusetts-based Biofine Technologies Inc., which produces heating and transportation fuels from low-grade woody biomass. The company signed a 20-year lease at Lincoln Technology Park to build a biorefinery there.

Earlier this year, a group called Power Up New England proposed building a utility-scale battery system.