MTI, Maine Venture Fund join MedRhythms' investors in $5M financing round

Portland-based digital therapeutics startup MedRhythms said it has closed its $5 million venture-capital financing round with investments from the Maine Venture Fund and the Maine Technology...

Saint Joseph’s College lands $180K grant to spur interest in STEM fields

Saint Joseph’s College will receive a $182,845 grant from the National Science Foundation for the college’s “Chemistry for the Community” initiative.

Horse protection nonprofit gets $200,000 charitable donation

The Maine State Society for the Protection of Animals said Tuesday that it received a $200,000 grant to support its general operations and planned expansion of its equine rehabilitation facility in...

KeyBank ramps up its residential mortgage business

Key Bank has appointed Stephen F. Jordan as vice president, mortgage market manager, as part of a ramping up of its New England sales team to better serve clients seeking to buy homes in Maine and...

Lisbon expands its small-business base with strategic business loans

Lisbon, a town of more than 9,000 in eastern Androscoggin County, has given out nearly $400,000 in economic development loans in the past five years to grow its small-business base.

Foundation awards grants to 31 Maine nonprofits

The Frances Hollis Brain Foundation Fund at the Maine Community Foundation has awarded 31 grants totaling $175,740 to nonprofit organizations that serve disadvantaged, underserved, and/or vulnerable...

FAME approves financing for Thompson's Point project

The board of Finance Authority of Maine approved a direct loan of $495,000 to Forefront Commons I LLC to help renovate a historic former rail building as part of a larger construction project at...

Six businesses receive $530K in USDA Rural Development grants

Six small businesses in southern Maine have received nearly $530,000 in federal grants from two USDA Rural Development programs.