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Economic Development

LePage backs out of helping Nova Star Cruises

The widely held notion that Gov. Paul LePage would help Nova Star Cruises obtain a $5 million line of credit has been dispelled by the governor’s top economic development...

New firm expands CEI’s small business lending

Coastal Enterprises Inc. (CEI) has launched a new national firm that aims to lend up to $5 million to small businesses that can’t obtain loans from conventional...

Developer loses court battle over failed project

A Connecticut-based developer must pay the town of Wiscasset nearly $850,000 in back property taxes for a mixed-use project that never saw the light of day, a court has...

Maine Development Foundation CEO steps down

Dylan Martin |

Maine Development Foundation CEO and President Harold Clossey unexpectedly stepped down last month, the second top leadership change in two years.

Former Wilton tannery to be redeveloped

A proposal to redevelop a former tannery in Wilton is moving ahead after town officials approved the building’s sale to two brothers.

Gardiner to end unique business loan program

The Gardiner City Council has voted to end the city’s revolving loan program for small businesses, with plans to use the funds for other economic development...

Maine's largest Export-Import Bank deals

RankExporter, locationTotal insured shipments, guaranteed creditor...

Scrap-metal dealer buys Otis Falls Mill

A local scrap-metal dealer has purchased the historic Otis Falls Mill in Jay after its former owners decided to end their multi-year effort to redevelop the property.

Grassroots branding initiative seeks to boost the Moosehead Lake region's year-round economy

Dylan Martin| James McCarthy |

Two minutes into his presentation unveiling "America's Crown Jewel" as the tagline of a new branding initiative for the Moosehead Lake region, consultant Roger Brooks set a...

Wick Johnson: 'We continually underestimate the vibrancy of the Maine economy'

I like your focus on real business in Maine. We continually underestimate the vibrancy of the Maine economy and often miss the point when we try to stimulate growth. Maine is really a...