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Economic Development

Nonprofits pump $12B a year into Maine’s economy, report says

Nonprofit organizations in Maine contribute around $12 billion a year to the state’s economy and employ more than 98,000 people, says a report by the Maine Association of Nonprofits.

Grant, loan mean last remaining portion of Wilton mill will come down

Maureen Milliken |

The last remaining pieces of Wilton’s former Forster Mill will come down with $300,000 in grant and loan money for the ongoing environmental cleanup.

Shipyard/Vets First Choice project was designed to fit into, transform neighborhood

Maureen Milliken |

Bateman Partners LLC's 86 Newbury project takes mixed use to a whole new level, with everything from a hotel and Shipyard brewery tasting room to Vets First Choice pharmacy, labs and fulfillment.

Workforce issues take center stage at Mainebiz 'Five on the Future' panel

Maureen Milliken |

Finding, recruiting and retaining workers continues to top the list of concerns across Maine industries, panelists agreed at Tuesday’s Mainebiz “Five on the Future” program in...

Boston Fed's Fuhrer sees modest growth for 'Goldilocks point' economy

Renee Cordes |

Jeffrey C. Fuhrer, executive vice president and senior policy adviser at the Federal Reserve Bank of Boston, said he sees U.S. economic growth continuing apace for the time being despite recent...

Report: Bangor housing crisis affects economic development

Laurie Schreiber |

An interim report of the Bangor Housing Work Group has found that Bangor is in the midst of a housing crisis that negatively affects workforce attraction and retention and overall economic...

Portland moves forward on tightening working waterfront zoning

Maureen Milliken |

Portland this week will move forward on a proposed zoning amendment that would block uses like hotels on the water side of Commercial Street, a response to backlash to recent waterfront development...

Portland curling club seeks home of its own in tight real estate market

Maureen Milliken |

The Pine Tree Curling Club needs its own dedicated ice to grow the club, but the Portland area's lack of commercial space may be a challenge.

Saco's Mill Brook Business Park could become haven for startups

Laurie Schreiber |

Saco developers aim to support the city's small business and start-up community with 16 flex-space commercial condominiums at the business park off Route 1.

Government perspective: Economic strong points include salmon farms, health services and tourism

Peter Van Allen |

Amanda Rector, the Maine state economist, has been a regular part of the Mainebiz forecast issue. While the format of the issue has evolved over the years, we continue to look to her for...

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