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Economic Development

Developer planning office building on Saco Island

A Saco Island developer has released a conceptual plan for the island's eastern end that includes an office building overlooking the Saco River.

Fire-damaged Gardiner building to be razed

The city of Gardiner has cleared the way for a building in its historic downtown damaged by a fire this summer to be torn down.

Maine plans to eliminate downtown CDBG funds to combat crime

The Maine Department of Economic and Community Development is proposing to shift some federal development funding to a law enforcement and crime prevention grant program.

Capital fund proposed for large Maine business projects

A bill from a Brunswick state legislator and the Midcoast Regional Redevelopment Authority would create a new capital program to provide funding for large business projects if approved by the Maine...

Colby College buys fourth downtown Waterville building

Colby College is continuing its investment into Waterville's downtown with the purchase of a fourth property in the last four months.

CEI's new Brunswick headquarters consolidates operations

Laurie Schreiber |

Coastal Enterprises Inc.'s move into its new headquarters in Brunswick brings together a number of satellite operations that were previously spread around the state, including two major office...

Crowdfunding investment fund proposed for Katahdin-area businesses

A community group that promotes development in the Katahdin region is developing an equity crowdfunding platform so people can invest in Katahdin-area businesses.

Report: Maine food industry leaders need to develop growth plan

A report from Harvard University looking at how Maine can grow its food industry recommends that the different parties in the industry should collaborate to develop a growth plan with clear metrics...

Maine chamber, business groups, oppose campaign finance referendum

Paul Koenig |

The Maine State Chamber of Commerce and other business groups Wednesday came out against Question 1 on the November ballot, saying they oppose paying for the Clean Election Act expansion through the...

Portland adopts affordable housing requirement for new developments

New housing developments in Portland with at least 10 residential units will now be required to make 10% of the housing units affordable to middle-income earners.