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Economic Development

Maine jobless rate up slightly in August, now below 4% for longest period on record

Staff |

Maine's unemployment rate has been below 4.0% for 33 consecutive months, the longest period on record, according to the Maine Department of Labor.

Rural counties will receive energy grants from USDA

Staff |

U.S. Sens. Susan Collins and Angus King announced that nine rural Maine businesses received a total of $431,725 in funding through the U.S. Department of Agriculture's Rural Energy for America...

WEX to host inaugural 'Tech Talk Portland' event

Staff |

WEX Inc. (NYSE: WEX), Maine's second-largest publicly traded company, will host Tech Talk Portland on Sept. 27 to discuss the future of innovation in the state.President and CEO Melissa Smith will...

Rangeley airport to get $11.5M for runway extension

Staff |

Rangeley will receive $11.5 million from the Federal Aviation Administration to extend the runway and make other improvements at the town's Stephen A. Bean Municipal Airport.

Bangor offering facade grants to downtown businesses

Staff |

The city of Bangor is taking applications for a new round of facade grants.The downtown areas east of Kenduskeag Stream and on the Penobscot River...

Maine's economic growth last year lagged behind national rate, feds say

Staff |

The economies of Maine's largest metropolitan areas grew in 2017, but not at the pace of the national growth rate. According to data released Tuesday, real gross domestic product in the...

Waterville's $1.5 million Riverwalk opens to public

Maureen Milliken |

Waterville's $1.5 million Riverwalk at Head of Falls has opened to the public. The project, which comes at the same time as major redevelopment of the city's downtown, is expected to help spur...

Yarmouth entrepreneur leads effort to keep Fork Food Lab open

An effort is under way to save the Fork Food Lab, an incubator for startup food businesses in Portland that is slated to be closed by the end of this month.

Bucksport on its way to becoming a seafood hub

Staff |

In addition to the Portland-based company that's planning to build initially a $75 million land-based aquafarm to raise Atlantic salmon in Bucksport, two seafood-processing facilities are planning to...

Limestone workshop features tips on ‘Opportunity Zone’ investing

Staff |

The Limestone Development Foundation is sponsoring a workshop in the central Aroostook area for companies interested in expanding their business with federal, state and local agencies.

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