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Economic Development

Top Gun pitch competition winner to take home $25K this year


The winner of this year's Top Gun Showcase pitch competition will get $25,000 in prize money, the Maine Center for Entrepreneurs announced on Monday.

Hathaway redevelopment key part of Waterville resurgence


The new owners of the Hathaway Creative Center in Waterville want to make one thing clear — they're not just jumping on the hot Waterville development bandwagon.

Bar Harbor ferry terminal plans still up in the air

Although the Bar Harbor Town Council voted in November to buy the former Cat ferry terminal for $3.5 million from the Maine Department of Transportation, it still hasn't settled on what to do with...

MTI's new board members come from a range of industries


The Maine Technology Institute added three new members to its board of directors.

Our Town Belfast hires new executive director


Our Town Belfast has named Zach Schmesser as its new executive director, effective Jan. 1.

KeyBank donates $450K to CEI to support job creation in rural Maine


KeyBank Foundation has donated $450,000 to Coastal Enterprises Inc. to support small business growth and job creation in Maine’s rural communities.

Poland Spring added $201 million directly to Maine economy in 2016

Renee Cordes |

Poland Spring Water Co.'s total economic impact on Maine in 2016 amounted to more than $390 million, according to a commissioned report released by the company on Tuesday

Top Gun expands to include aquaculture startups


The Maine Center for Entrepreneurial Development and its partners are expanding next year's Top Gun entrepreneurship program to include companies in the aquaculture sector.

How To: Turn macro trends into long-term profits

Catherine Reilly deLutio |

The best Maine businesses know that long-term success means looking beyond industry fads to the macro economic and demographic trends that influence long-term profits.

CEI's financing activity in 2017 tops $50 million


In its annual impact statement for 2017, Coastal Enterprises Inc. reported Wednesday that its family of organizations deployed $51.7 million to 79 business in mostly rural regions across Maine and...