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If you're a summer visitor to Maine, as well as you think you know the state, there are often some commonly held misconceptions.I have been guilty of harboring some of those assumptions.
Until about two months ago I was an unapologetic Luddite when it came to social media like Facebook or Twitter.
The University of Southern Maine has, understandably, been in the news a lot lately. Budget cuts, layoffs, decreased enrollment and student retention issues have led to a significant amount of criticism from a variety of sources.
Tackling new markets means thinking in different ways.
While many brick-and-mortar retailers were hurt by the recession and by competition from online sellers, Maine's largest independent shoe store chain marked its 100th anniversary recently with another year of growth.
New hiresSebago Technics, an engineering consulting firm in South Portland, hired Jessica Jamison as marketing coordinator and Devin Pike as a survey technician.
With both returning and home-grown management talent, Maine's high-growth companies are catching the eye of investors.
As the federal health insurance marketplace in Maine enters its second year of enrollment for individuals and businesses, many small businesses are still on the fence about whether the Affordable Care Act will help or hinder Maine's small group he
Over the past several months, banks and other businesses have been looking for the Federal Reserve Board to cut interest rates, but the waiting game continues.
Basing its decision on new economic reports, the Fed on May 1 said it doesn’t plan to cut rates until it has “greater confidence” that inflation is slowing toward the central bank's 2% target. Three rate reductions have been projected for 2024, likely starting in June.
But for now, it appears the key borrowing rate in the U.S. will stay at a two-decade high of roughly 5.3%.
Keeping the rate so high for so long may tame inflation, but can also discourage new investment and business growth.
“The Fed is really stressing the banking industry,” said Andrew Silsby, president and CEO of Augusta-based Kennebec Savings Bank, in a Mainebiz story last month. “The economic environment is really quite difficult, but I haven’t quite figured out whether we’re through the storm or in the eye of the storm.”
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreThis special publication examines the innovation infrastructure in Maine and the resources available to help entrepreneurs at the various stages of their journey.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
This special publication examines the innovation infrastructure in Maine and the resources available to help entrepreneurs at the various stages of their journey.
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