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The obstetric department at Calais Regional Hospital had 64 births in 2016, but needs close to 300 births per year to break even. It's a quick statistic that hints at a world of difficulty for health care providers trying to remain viable in rural Maine.
With demand for doctors outpacing supply nationwide, and the crunch particularly acute in Maine, many employers are recruiting more strategically, launching searches well ahead of anticipated openings.
Maine-based companies are luring out-of-state M&A buyers with a hearty appetite that shows no signs of slowing.
Maine's rural areas face a number of challenges, ranging from a shrinking (and aging) workforce to a lack of reliable internet.
Grief in the workplace is unavoidable. Whether it's the approaching or sudden death of an employee, or the death of an employee's loved one, the impact will be felt throughout the workplace, either directly or indirectly.
New hiresDrummond Woodsum, a law firm in Portland, hired Michael-Corey Hinton as an associate to its Indian law practice group and Erick Giles as a member of its service group for tribes.
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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