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We're fortunate in Maine to have business leaders that show a combination of vision, grit and socially responsible management. Yet Mainebiz is proud to present four business leaders we think demonstrate those traits at an exceptionally high level. From a business with $1 billion in sales and 2,700 employees to one with $6 million in sales and 35 employees, to a college that is bridging the town-to-gown divide, these leaders aren't afraid to take risks. And they're delivering. We think you'll agree these leaders are making our state stronger and better.
For years, working professionals with mobile careers and retirees with the financial resources to relocate have fled Maine for friendlier environs like Florida, which has no income or estate tax.
Three incubator programs within the Applied Technology Development Center system are slated to be “zeroed out” in Gov. Paul LePage's $6.8 billion two-year state budget proposal.
Maine's pace of Employee Stock Ownership Plan deals has been dizzying in the past year.
As is often the case when Mainebiz honors business leaders, these companies and names should be familiar to our regular readers.
The U.S. Department of Labor is proposing an extension of the applicability dates of the fiduciary rule and related exemptions implemented by the Obama administration, including the “best interest contract exemption,” from April 10 to June 9.
Q: How can I ensure accurate understanding of instructions? Even when communication seems really excessive, it's hard to get the right result.
Many of us today can expect to live many years in retirement.
New hiresCamden National Bank hired James Adsit as senior vice president and director of commercial banking for the Bangor and Downeast regions, Blaine Jones as retail regional manager in the Downeast region, David
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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