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Economic Development

Maine's economy comes out swinging in first quarter

Staff |

There's good news for Maine from the U.S. Bureau of Economic Analysis, which looked at the gross domestic product of the country: The state made it into the top 10 in economic performance for the...

Four buildings to be razed to revitalize downtown Waterville

Waterville's comeback is in full swing as four buildings owned by Colby College are to be torn down for new uses.

Venture capital deals not as soft as believed; Maine sees 5 deals in Q2

Lori Valigra |

Counter the well-reported lull in venture capital deals recently, venture capitalists invested $15.3 billion in 961 deals in the second quarter of 2016, up 20% in dollars from the first quarter and...

Credit cards: Are they what they used to be?

Lori Valigra |

Flashing a platinum or gold credit card used to be a status symbol, but a recent Money Pulse survey by found the times are changing, especially among younger generations.

DECD, Greenlight Maine partner to double prize purse, fuel jobs

Lori Valigra |

The Maine Department of Economic Development will help entrepreneur competition Greenlight Maine at least double its purse to $200,000 in season two, and expand its reach in the state with the aim of...

Ellsworth awarded $300K Community Development Block Grant

The city of Ellsworth will receive $300,000 from the Maine Department of Economic and Community Development via the federal Department of Housing and Urban Development that can be used to assist...

Pop-Up art gallery highlights downtown Augusta

Peter Precourt, a professor of art at the University of Maine at Augusta, is using a vacant storefront at 265 Water St. in the state's capital as a pop-up art gallery.

Hospitality coalition opposes wording of minimum wage measure

Staff |

A coalition including the Maine State Chamber of Commerce and the Maine Innkeepers Association said the language of a statewide ballot measure to raise Maine's minimum wage fails to meet the standard...

Washington County nonprofit nabs $600K for economic development

Staff |

The Machias-based Sunrise County Economic Council, will be receiving $600,000 from the U.S. Department of Agriculture in the form of a $500,000 Rural Microentrepreneur Assistance Program Loan and a...

Not far from downtown Bar Harbor, Town Hill attracts small businesses

Laurie Schreiber |

A mini-boom in small-business activity is taking place in Town Hill, a small village that's part of the busy tourist town of Bar Harbor, but is located on its outermost fringe.