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Cate Street seeks to close financing gap for mill

Cate Street Capital, the investment firm that plans to build a $140 million wood pellet mill in Millinocket, will seek to plug a $9 million financing gap for the project after...

Energy plan to cause more Lincoln paper mill layoffs

More layoffs are expected at Maine’s sole tissue producer as a result of a recently approved $7.8 million energy efficiency plan to retrofit old machinery.

Bath Iron Works gets $57M in Navy contracts

Bath Iron Works has received two U.S. Navy contracts this week, amounting to $57 million.The first contract is a $28.7 million job...

York, Oxford county firms can tap $1.1M loan program

A new $1.1 million revolving loan program for small- to mid-sized businesses in York and southern Oxford counties is set to begin in June.The

Winxnet, Hammond Lumber make local acquisitions

Two Maine-based companies — one in the information technology space, and another in the lumber industry — are expanding after acquiring local businesses this week.

Statewide home sales up; median sales price down

Statewide sales of single-family existed homes in March have increased by nearly 13% from last year, but the median sales price has declined by almost 5% to $162,000.

LePage signs ‘patent trolls’ bill into law

It will become more difficult for so-called "patent trolls" to "harass and extort money" from Maine businesses after Gov. Paul LePage signed a new bill into law...

LePage seeks trade options, visits UNE Morocco campus

Government and college officials celebrated the University of New England’s new science-focused campus in Morocco at a dedication ceremony this week.

New Mexico firm has $3M plan for Camden plants

A New Mexico-based company that develops and manufactures communications devices plans to invest over $3 million in two facilities in Camden.

Funding for western Maine nonprofits in question

Several nonprofits in western Maine are facing declining revenues after some communities have voted to decrease or completely cut taxpayer-supported funds.