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Economic Development

Waterville downtown revitalization to get $20M 'jump start'

Staff |

Downtown revitalization in Waterville came out big on Tuesday night when the Harold Alfond Foundation and Colby College announced an additional $20 million toward the ongoing revitalization efforts...

Acadia's 100th, ideal weather brought big bucks to Bar Harbor

Laurie Schreiber |

Acadia National Park's celebration of its 100th birthday, along with favorable weather, are two top reasons cited for a surge of visitors and business activity this past summer. Another contributing...

National monument kickstarts Katahdin Region’s rebuilding

James McCarthy |

Eating and savoring a tasty fish taco with chips and unsweetened ice tea at the Appalachian Trail Cafe in downtown Millinocket a couple of weeks ago, my head was aswirl with questions about how the...

On Isle au Haut, Maine's economic woes are magnified

James McCarthy |

Isle au Haut, six miles long and two miles wide, is one of 15 year-round island communities in Maine, yet is among those with a tenuous hold on year-round sustainability. It faces many of the issues...

Maine tech companies come out strong with $118K from MTI

Staff |

The Maine Technology Institute approved 11 grant applications for September totaling $117,824 to Maine businesses specializing in advancements in the fields of aquaculture and marine technology,...

$143K in fed funds for island communities awarded to Island Institute

Staff |

The Island Institute learned Wednesday that it will receive a USDA Rural Development Rural Community Development Initiative Grant in the amount of $143,350, which it will use to boost economic and...

CEI lands $20M USDA loan to boost community building projects in rural Maine

James McCarthy |

Coastal Enterprises Inc. will receive a direct $20 million federal loan that can be re-loaned to fund the purchase, construction or improvement of community facilities in high-poverty rural areas.

Rebranding a mill town: National monument creates fresh hope for Millinocket region

James McCarthy |

“We've been working very hard to get people onboard in seeing the positive side of attracting more tourists to this region. But I've talked to no one in this region who thinks the only thing...

#MBNext16: Elaine Abbott's role in Eastport goes beyond managing a Downeast destination

Peter Van Allen |

Elaine Abbott, city manager for Eastport, got word that Google's "street view" images showed a view of the downtown that was dotted with empty stores and "for...

Organic waste reuse company's Unity expansion touts job creation

Staff |

Thirty new jobs and $4 million in economic investment will be coming to Unity, following the announcement by Canadian-based Envirem Organics that it plans to open its first U.S. facility in the town.