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Maine has one of the highest energy costs in the nation. If there's a silver lining, it has the lowest energy costs in New England.
Maine's tumultuous relationship with wind power had a setback recently.
Central Maine Power Co. aims to deliver renewable hydropower to Massachusetts by 2022 via a $950 million transmission line from the Canadian border to the grid in Lewiston.
With high fuel costs and aging electrical infrastructure, many of Maine's 15 year-round islands are leveraging new technologies to ensure energy sustainable futures.
Isle au Haut is moving ahead with an ambitious plan to get its electricity from a solar-powered microgrid.
Summit Natural Gas of Maine's $340 million project to expand natural gas service to the Kennebec River valle and the Cumberland-Yarmouth-Falmouth area haslaid more than 250 miles of pipe since it began in 2013.
Augusta native and Olympian Julia Clukey, a senior recruiter for WEX Inc. and the founder of summer camps for girls, recently started a career/confidence coaching business for female professionals.
The fundamental question for Maine business leaders is this: How can we create model workplaces and business cultures that ensure productive, competitive, equitable and respectful environments in which employees thrive in, customers admire and shareholders benefit?
From lobstermen to manufacturers and contracts that use steel, Maine businesses are feeling the impact of tariffs on U.S. trade.
Just in the past few weeks, Mainebiz has had a number of stories about energy projects.
New hiresHussey Seating in North Berwick hired Bill Capon as director of manufacturing.
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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