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Every year, Mainebiz honors outstanding Business Leaders of the Year in three categories. This year's winners are Joshua Broder, CEO of Tilson in Portland, in the large company category; Kathie Leonard, president and CEO of Auburn Manufacturing Inc., in the small company category; and Steve Levesque, executive director of Midcoast Regional Redevelopment Authority, in the nonprofit category.
Construction/development notes Landry/French Construction, Scarborough, has another project under construction on the India Street corridor, this time a luxury condo building, The Mason Block (62 Mason St.), which is sla
Verso Corp. (NYSE: VRS) expects sales to improve in 2018 as it gears up to restart the idled No. 3 paper machine at its Androscoggin Mill in Jay later this year and continues to explore strategic alternatives.
As a banker, I believe there's no bad time to chat about your family finances with your significant other.
Businesses and organizations are always seeking to increase revenue, serve customers better, or advance their mission. Having employees and team members who are engaged is critical to make those objectives a reality. Here's a quick checklist to see if you're on the right track.
Whenever Mainebiz honors area business leaders some common traits emerge.
New hiresThe Central Lincoln County YMCA in Damariscotta hired Casey Clark Kelley as director of healthy living.
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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