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 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
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
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 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
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...
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
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
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...
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.
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...
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...
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...
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...
Maine's largest Small Business Administration loans
Ranked by loan amount, 2015
|1||Yachting Solutions LLC, Rockport||$3.85 million|
|2||Animal Specialty Care Center of Maine LLC, Portland||$3.50 million|
Source: U.S. Small Business Administration's Maine District Office