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Economic Development

Boothbay region has a new chamber director

Patricia Royall is promoted to executive director of the Boothbay Harbor Region Chamber of Commerce.

Portland Buy Local hires first executive director

Portland Buy Local, which was started a decade ago to represent independent businesses, has selected Jenn Thompson as its first executive director.

Biddeford: Parking shortage costing jobs

Biddeford city officials are concerned a lack of parking spaces downtown is costing jobs and putting the community's revitalization at risk.

Eastern Maine Economic Development lands $500K grant

U.S. Economic Development Administration has awarded a $500,000 Economic Recovery Assistance grant to Eastern Maine Development Corp., which will use the funding to establish a plan to support...

FAME financing boosts Thompson's Point project

Staff |

The Finance Authority of Maine has approved a $500,000 direct loan to Forefront Brick South LLC to help finance property improvements and working capital related to the redevelopment of a vacant...

Picking up Pickering: Bangor square revitalization on tap

Revitalization of downtown Bangor and the city's waterfront continues, with city officials considering redevelopment of Pickering Square, a block from the waterfront, a key parcel for the ongoing...

Report details Island Institute's 2016 impact on islands and coast

James McCarthy |

The Rockland-based nonprofit reported operating revenue of $5.47 million and almost $5.4 million in operating expenses, which included $883,179 being spent on community development and $1 million on...

Portland: New office seeks to connect immigrants with employers

The City of Portland is considering opening a new office aimed at helping immigrants, minorities and other economically hard-pressed residents connect with businesses and service providers.

Open for Business? Maine is 49th in Forbes' 'Best states for business'

Forbes Magazine's annual “Best States for Business” list came out last week and Mainers can again grit their teeth. This year, the Pine State falls back to the No. 49 position —...

Rural development boosted with $80M in New Markets Tax Credits to CEI

Staff |

The U.S. Department of Treasury has allocated $80 million in New Markets Tax Credit capacity to CEI Capital Management, which the nonprofit says it will use for economic development projects in...

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