Economic Development

DECD, Greenlight Maine partner to double prize purse, fuel jobs

Lori Valigra |

The Maine Department of Economic Development will help entrepreneur competition Greenlight Maine at least double its purse to $200,000 in season two, and expand its reach in the state with the aim of...


ORPC Ireland hydrokinetic project moves forward

Staff |

ORPC Ireland Ltd., a subsidiary of Portland-based Ocean Renewable Power Co., has been selected to enter the grant agreement stage of a project that will increase the performance and reliability of...

Banking & Finance

Here's what being reported around the world on the Brexit vote

James McCarthy |

Great Britain's historic decision to leave the European Union in Thursday's referendum has triggered a global stock selloff today, with MarketWatch reporting The Dow Jones Industrial Average lost 408...

Architecture & Design

Ellsworth awarded $300K Community Development Block Grant

The city of Ellsworth will receive $300,000 from the Maine Department of Economic and Community Development via the federal Department of Housing and Urban Development that can be used to assist...


Sea Bags continues streak of retail openings

Staff |

Sea Bags LLC, the Portland-based designer and manufacturer of handmade items made from recycled sails, including its namesake tote and handbags, has opened a new retail location in Mashpee, Mass.

Government & Politics

Final wording of minimum wage initiative released

Staff |

Maine's Secretary of State Matthew Dunlap has unveiled the final wording of a number of citizen-initiated referendum questions that will be heading to ballots in November, including the ballot...


Elimination of on-street parking stirs dissent among Wiscasset businesses

Several business owners in Wiscasset are voicing their opposition to a vote by the town's board of selectmen to move ahead with a proposal from the Maine Department of Transportation that eliminates...

Retail & Food service

Portland to be home to sixth U.S. O bag location

Custom Italian handbag store O bag will be opening its sixth location in the country in Portland’s Old Port during the first week of July.

Fisheries & Marine

Mercury contamination closes fishing in part of Penobscot Bay

An additional 5.5-square-mile section of Penobscot Bay has been closed to lobster and crab fishing after the Maine Department of Marine Resources found mercury contamination in lobsters caught in the...

Health care

Chuck Hays appointed new Maine Hospital Association chairman

Staff |

On Wednesday, Chuck Hays, the CEO of MaineGeneral Health in Augusta, was appointed the chairman of the Maine Hospital Association Board of Directors at the association’s annual summer forum.

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How To: Work with your commercial lender to grow your business

David M. Eldridge |

Spring brings growth and new activity. In the commercial lending world, it's also when small- and mid-size businesses get serious about launching, growing or expanding. We celebrate...

How To: See value in negative role models

Rob Levine |

My first manager spoiled me. He looked out for me, pushed me to succeed and left me alone. He made it a point to constructively correct bad behavior, and was always there with public...

How To: Protect a small business from computer disaster

Nick Knowlton |

How To: Avoid the 5 temptations of success

Doug Packard |

How To: Scale up your business

Tove Rasmussen |

Scaling up a business is a fun challenge and key to Maine's economic growth. Maine has 28,000 businesses with four to 19 employees, according to the U.S. Small Business Administration. If these...

How To: Run a 'lessons learned' session

Jim Stewart |

It should be mandatory at the end of every project — and, if possible, at the end of every phase — to run a lessons learned session. And not only run it, but make sure that it's...

Get rid of the monkeys

Steve Lovejoy |

Big interest in small business

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Maine's largest Small Business Administration loans

Ranked by loan amount, 2015

RankBorrowerLoan amount
1Yachting Solutions LLC, Rockport$3.85 million
2Animal Specialty Care Center of Maine LLC, Portland$3.50 million

Source: U.S. Small Business Administration's Maine District Office

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