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Economic Development

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...

Blackstone Accelerates Growth program won't continue

Lori Valigra |

Funds for Blackstone Accelerates Growth,

New branding effort promotes Moosehead Lake region as 'America's Crown Jewel'

Dylan Martin |

An economic development group in the Moosehead Lake region is hoping to increase tourism and business activity with a new tagline for the area: "America’s Crown...

Belfast shipyard expansion would create jobs

Front Street Shipyard is teaming up with the city of Belfast to apply for a Community Development Block Grant that would help the shipyard expand and hire more workers.

TIFs benefit more than businesses

Shana Cook Mueller |

While the availability of programs to promote economic development for municipalities are few and far between, Maine law provides one important tool — tax increment financing.

Portland waterfront plan could generate $200M

A plan to transform a 10-acre site on Portland’s eastern waterfront into a mixed-use development has the potential to bring the city more than $200 million in one-time...

Entrepreneurs, funders to meet at ‘matchmaking’ event

Top Gun entrepreneurs from 35 companies plan to meet with potential funders from across the state in a "speed dating" type of format this Thursday at the new

Redzone Wireless gets FAME-backed $4M loan

Redzone Wireless in Camden has received a $4 million loan from Camden National Bank to develop its 4G LTE wireless broadband service across most of Maine.