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September 21, 2015 Edition

As craft beer industry grows, other firms expand with it

Lori Valigra

With 64 craft breweries already in the state and the Maine Brewers' Guild predicting upwards of 80 by the end of 2016, an ecosystem of support services and products is growing up around the industry, which is capital-intensive and subject to legal restrictions and liabilities.

  • Find a solution for the 'bad meetings' problem

    Jim Milliken

    Meetings often are the tragedy of organizations. Many meetings suffocate initiative, disrupt productivity and poison attitudes.

  • MaineHealth's specialists use technology to expand their reach

    James McCarthy

    The intersection of technology and modern medicine is where Corey Fravert, director of neuroscience services at Maine Medical Center, spends much of his waking hours. He can go into the weeds on both topics if necessary.

  • Opinion
    Opinion

    Build an effective online media room in 10 steps

    Nancy Marshall

    Anytime journalists are looking for information on your company, they will inevitably start by looking at your website.

  • Leon Gorman’s legacy

    Freeport's flagship L.L.Bean store closed for four hours to honor Leon Gorman, longtime president and chairman of the company's board, who died Sept. 3 at age 80 after battling cancer.

  • Other
    Other

    Hangar renovation planned for Brunswick airport

    Mainebiz Staff

    The Brunswick Executive Airport will receive a $1.1 million grant from the U.S. Department of Transportation to renovate and redevelop a hangar for use by aerospace companies, according to a statement from U.S. Rep. Chellie Pingree's office.

  • Opinion
    Opinion

    Tapping creativity can be like climbing a mountain

    Lori Valigra

    In a September National Geographic article, climber Mark Jenkins tells how he and his team tried, and only barely failed, to summit Hkakabo Razi (KA-kuh-bo RAH-zee) in Myanmar.

  • In Short
    In Short

    Newsworthy people and performances

    New hiresPortside Real Estate Group in Falmouth hired Lynn Pierce as an associate broker.

Today's Poll

Is it time for the Federal Reserve to start cutting interest rates?
Poll Description

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.”

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