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Economic Development

Kennebec County farmer gets key startup support from lending co-op

Staff |

A Readfield farmer credits Farm Credit East’s FarmStart program with providing the working capital and business advice that have helped him establish what is now a 300-acre diversified farm of...

Snow Pond Center for the Arts continues to develop its mission

Maureen Milliken |

A major renovation to the historic Bowl in the Pines outdoor amphitheater, one of many projects on the Sidney campus, is expected to be an economic boost for the area.

Proposal for 23 units in downtown Augusta would 'provide a huge jolt'

Maureen Milliken |

A plan for apartments, retail and amenities in the 257-271 Water St. block would be the largest development in the capital city's evolving downtown.

Sea Bags executives to receive Maine Small Business Person of Year award

Staff |

Sea Bags CEO Don Oakes and President and COO Beth Shissler have been selected as the U.S. Small Business Administration's Maine Small Business Person of the Year.

Colby College: Downtown Waterville investment 'already paying off'

Maureen Milliken |

Colby College's $50 million investment in downtown Waterville is already showing an economic payoff in the local economy, with the 100,000-square-foot Bill and Joan Alfond Main Street Commons...

Bootstrapping 101: Financing a startup is about more than just money

Maureen Milliken |

Erica Schmitz, a consultant for a health care nonprofit, has been sewing her own clothes since 2013. The Portland resident found out she wasn't the only one frustrated with the lack of realistic...

Gorham Savings readies LaunchPad for another season

Maureen Milliken |

Gorham Savings Bank's LaunchPad program was started six years ago as a way for the bank to help startups who aren't in a position to get traditional bank financing.

Brewers' 'silent partner': Portland Water District honored for protecting Sebago watershed

James McCarthy |

Good beer needs good, clean water — which is an important backdrop for why the Maine Coast Heritage Trust awarded its 2018 Espy Land Heritage Award to the Portland Water District for its...

Colby College to develop Waterville hotel itself

Maureen Milliken |

The college terminated its agreement with Portland-based Olympia Companies in January for the project, which is part of the college's $50 million investment in downtown Waterville.

MTI awards $6.7M in federal grants to six Maine startups


The Maine Technology Institute reported this week that six Maine companies have received Small Business Innovation Research/Small Business Technology Transfer awards from various federal agencies...