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Economic Development

Five companies in play for $50K ‘LaunchPad’ grant

Staff |

Five finalists have been named in the Gorham Savings Bank “LaunchPad” competition, including several that have been featured on the pages of Mainebiz. The winner, which will be selected...

Wiscasset receives $4.3M to upgrade century-old water system

Staff |

The Wiscasset Water District received funding from the USDA Rural Development office totaling $4.3 million for infrastructure upgrades on nearly 13,000 feet of century-old water lines.

Houlton is latest town to jump into entrepreneurial funding fray

Lori Valigra |

Houlton is the most recent town to offer a funding incentive to lure entrepreneurs with a $35,000 Houlton Entrepreneur Challenge that will kick off Sept. 1.

MTI awards $665K for tech-focused development in state

Staff |

The Maine Technology Institute's Cluster Initiative Program awarded three organizations in the state $658,765 that will be used to develop technology-intensive clusters in the state.

Fed crowdfunding law takes effect: What does it mean for Maine?

Lori Valigra |

After four years of debate, the federal government's 685-page crowdfunding law, passed last Oct. 30, takes effect today, offering yet another fund-raising and investing option to companies and...

New overtime rule could quadruple number of eligible Maine workers

James McCarthy |

A proposed change to the nation's overtime eligibility regulations could quadruple the number of workers in Maine who would be covered by the new salary threshold — rising from 16,000 to 64,000...

Coastal Enterprises Inc. looks to the future in wake of departure

James McCarthy |

“Retire” is the word that shall not be used in describing what Coastal Enterprises Inc. founder Ron Phillips plans to do after he turns over the leadership reins this week to his...

Chamber ‘executive of the year’ appointed as SMMC executive director

Staff |

Cory King, the 2015 Maine State Chamber Chamber “executive of the year” and long-time executive director of the Skowhegan Area Chamber of Commerce, has been named executive director of...

What will this Maine town with a population of 85 do with $650K windfall?

The Downeast Maine town of Grand Lake Stream is in the “very early stages of planning” of finding out exactly what it plans to do with a $650,000 economic development grant meant to...

Rockland represents Maine in national Main Streets celebration

Staff |

The city of Rockland is representing the state of Maine in National Life Group's 2016 Main Streets Across America celebration.