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New owner of Rumford paper mill will retain workers, eyes investment

Staff |

ND Paper LLC, a wholly-owned subsidiary of Nine Dragons Paper Ltd., completed on Friday its acquisition of Catalyst Paper Corp.'s mills in Rumford and Biron, Wisc.

Franklin County’s Healthy Community Coalition lands $100K grant

Staff |

The U.S. Department of Health and Human Services has awarded Healthy Community Coalition of Greater Franklin County a $100,000 grant to fund initiatives to improve rural health care.

Developer, broker, buyers finding magic at Smithfield camps

Maureen Milliken |

A longtime 22-unit summer retreat in the Belgrade Lakes region is getting new life after Freeport developer Matt Wogan bought the property in 2016.

Fast sale of Old Saco Inn unusual for the hospitality sector

Laurie Schreiber |

The Old Saco Inn, located in Fryeburg, was purchased by Jon Hendrickson and Bruce Moffit for $1.35 million after being listed for less than six months.

Skowhegan grabs economic potential of moose lottery by the antlers

Maureen Milliken |

Main Street Skowhegan is sponsoring Moosefest this weekend to capitalize on Skowhegan being the host site of this year's moose lottery drawing, when roughly 2,000 names are drawn for permits.

Boston investors back away from Saddleback purchase

The Boston investment firm Arctaris Impact Fund's plans to purchase and reopen Saddleback ski resort was passed over by the LePage administration in favor of 32 other low-income census tracts...

Big week for Rumford: Pending sale of paper mill, $990K CDBG grant, two Opportunity Zones

Staff |

Friday was a big day for Rumford Town Manager Linda-Jean Briggs, who announced the town had won a $990,000 Community Development Block Grant on the same day its largest taxpayer, Catalyst Paper, said...

Interim president named for UMaine Farmington

Staff |

The University of Maine System Board of Trustees unanimously appointed Eric C. Brown as interim President of the University of Maine at Farmington. The one-year term is effective July 1.

Georgia investment firm buys Lewiston-based call center company

ITC Capital Partners, a Georgia-based investment company that says on its website it seeks entrepreneurial partnerships that will achieve a minimum long-term return to its shareholders of 20%...

NextEra Energy moves forward on first of four large Maine solar farms

Maureen Milliken |

When NextEra Energy's planned 20 megawatt solar project in Fairfield received Maine Department of Environmental Protection approval in last month, it was the first of several large-scale projects...

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