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Economic Development

Report: Immigrants key to addressing Maine's workforce woes

Staff |

A new report from the Maine State Chamber of Commerce and the Maine Development Foundation says that attracting immigrants to the state is necessary to deal with Maine's workforce, which is projected...

Penobscot Nation tribal member, immigrant advocate join MCF board

The Maine Community Foundation, which works to improve the quality of life for Mainers, elected two new board members, one a Penobscot National tribal member and the other an advocate for Muslims and...

Three top Maine metro areas see slow GDP growth

The Portland, Bangor and Lewiston areas all received poor grades for their 2015 growth of gross domestic product, which measures the output of the metro area’s goods and services.

Maine income grows, but outpaced by nation

Maine is lagging behind the nation in its growth of median income, according to the latest report from the U.S. Census Bureau.

$15.5K funding will aid Somerset County tourism, economic development

Staff |

The Somerset Cultural Planning Committee won two grants totaling $15,500 to craft a tourism plan and boost economic and community development in Somerset County.

How To: Create a working business plan

Stephen Lovejoy |

Many small business people think of the business plan as that thing they had to do to obtain financing for their business. While that is one way to describe a business plan, it isn't the right one.

Maine's latest hot spot? Bucksport

A growing Main Street business community, low real estate prices and its proximity to Belfast, Bangor and Ellsworth is leading to a resurgence for the town of Bucksport.

Brunswick Landing tops projected job growth

Officials from the Midcoast Regional Redevelopment Authority say the creation of 1,200 new jobs at Brunswick Landing is double the number of jobs originally projected to be created at the former home...

Pair of new businesses open in downtown Fort Fairfield

Staff |

The recent opening of two new businesses on Main Street in Fort Fairfield is the latest development of the Village Square building since the 20,000-square-foot building was purchased by Josh Cheney...

$290K in fed grants to support, create 160 jobs

Staff |

Five Maine organizations have been awarded a total of $290,000 in grant funding through the USDA Rural Development Rural Business Development Grant program to assist in economic development, and the...