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Two Portland-based entrepreneurs have received $400,000 in seed money for a venture they hope will change the paradigm of online and mobile advertising from a nuisance to a novelty.
Tech startups are not synonymous with Maine, but some tech-based companies are calling Greater Portland home. While geographic location has long been the key driver for success, way of life is quickly replacing that sentiment.
Established in 1995 by third-generation auto magnate Shep Lee of Lee Auto Malls, the Institute for Family-Owned Business has been providing resources and support to enhance the chances a Maine family-owned business will survive to the next generat
A walk down Pearl Street in Portland's Bayside neighborhood produces sights and sounds of bulldozers moving frozen earth and contractors laying a building foundation.
Building permits Auburn (January)$940,000, 990 Center St., Emerson Toyota, exterior renovations, contractor: Jewett Construction Co. Inc.
Revenues slide in January Income taxes fall short Consumer spending worries lawmakers
Those seeking locally grown advances in agriculture haven't “zein” anything yet.
New HiresWorkgroup Technology Partners, a systems and network integrator in Westbrook, recently hired Rob Herman, as integration manager.
Over the past several months, banks and other businesses have been looking for the Federal Reserve Board to cut interest rates, but the waiting game continues.
Basing its decision on new economic reports, the Fed on May 1 said it doesn’t plan to cut rates until it has “greater confidence” that inflation is slowing toward the central bank's 2% target. Three rate reductions have been projected for 2024, likely starting in June.
But for now, it appears the key borrowing rate in the U.S. will stay at a two-decade high of roughly 5.3%.
Keeping the rate so high for so long may tame inflation, but can also discourage new investment and business growth.
“The Fed is really stressing the banking industry,” said Andrew Silsby, president and CEO of Augusta-based Kennebec Savings Bank, in a Mainebiz story last month. “The economic environment is really quite difficult, but I haven’t quite figured out whether we’re through the storm or in the eye of the storm.”
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreThis special publication examines the innovation infrastructure in Maine and the resources available to help entrepreneurs at the various stages of their journey.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
This special publication examines the innovation infrastructure in Maine and the resources available to help entrepreneurs at the various stages of their journey.
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