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Economic Development

Finalists named for Gorham Savings' $50K LaunchPad competition

STAFF |

Gorham Savings Bank has selected five early-stage Maine businesses as finalists of its annual LaunchPad small business competition, with a $50,000 grand prize to be awarded to the winner.

Latest City Hall clash over Portland cold storage not yet the final chapter

Renee Cordes |

Supporters and opponents of a proposed cold storage facility on Portland's western waterfront clashed at a public workshop Thursday night as city planning board members signaled that the discussion...

UMaine, Lanco collaboration accelerates L.L.Bean tote production

STAFF |

L.L.Bean will be able to stitch tote bags in four to five seconds, thanks to a new automation machine created in a recent collaboration between the Advanced Manufacturing Center at the University of...

Lewiston: Historic district could boost economic development

The creation of a historic district in downtown Lewiston could be a good thing for economic development, a city official said in light of a current redevelopment project.

Madawaska lands $8M rural development package from feds

The Aroostook County town of Madawaska is receiving $8 million in a combined federal grant and loan through the U.S. Department of Agriculture Rural Development.

Cold storage windfall: USM researchers put long-term gains up to $900M

Renee Cordes |

Maine could see a potential long-term economic windfall of $500 million to $900 million if Portland gets a waterfront cold storage warehouse, according to researchers at the University of Southern...

Grohman's bill aims to boost MTI's role in creating strong innovation economy

James McCarthy |

The scope of Maine Technology Institute's mission in supporting innovation and entrepreneurship in Maine would be broadened under a bill proposed by state Rep. Martin Grohman, D-Biddeford.

Portland Buy Local seeking new executive director

STAFF |

Portland Buy Local has launched a search for a new executive director.

Houlton will award $40,000 through ‘entrepreneur challenge’

The Aroostook County town of Houlton will hold the Houlton Entrepreneur Challenge for the second year.

Grants up to $500K available to Maine communities

The Federal Northern Border Regional Commission has announced a new round of development and infrastructure grants for Maine communities, with the maximum grant for any applicant being $500,000 for...

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