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Since August, Bath Iron Works President Fred Harris has been hosting 90-minute meetings with small groups of shipyard workers to identify the challenges they face in an era of declining Navy spendi
Bar Harbor BioTechnology Inc., the private spinoff from The Jackson Laboratory, started strong and fast out of the gate in 2006, moving quickly to accrue nine individual and institutional investors (two of whom provided a multimillion dollar Serie
Education and diversity in Maine are hot topics now.This was reinforced at our recent Mainebiz panel discussion, “Five on the Future.”
For the longest time, I never considered myself as having the traits of an entrepreneur. Of course, I'm not going to start my own company, nor do I plan to any time soon.
Four Maine companies raised money recently through equity, debt or pooled investment fund interest offerings.
Within the last year, the IRS announced that we should expect an increase in partnership audits, small business audits and non-cash company audits. Yet, early in 2014, we were informed of a decrease in actual audits by the IRS.
New hiresFranklin Health Pediatrics in Farmington hired pediatrician Erika Schumacher. Schumacher previously practiced at Meriden Pediatric Associates in Meriden, Conn.
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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