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May 22, 2019
Whole Oceans, of Portland, announced it completed a purchase and sale agreement with American Iron and Metal Development USA LLC for a parcel of property on the site of the former Verso paper mill.
- May 22, 2019
- May 22, 2019
- May 22, 2019
- May 20, 2019
LATEST HEADLINES
House committee approves defense spending bill with funds for ships built at BIW
May 22, 2019U.S. Rep. Chellie Pingree, D-Maine District 1, announced Tuesday that the fiscal year 2020 defense spending bill approved by the full House Appropriations Committee includes funding for three DDG-51 destroyers — one and possibly two of which will be built at Bath Iron Works.
May 22, 2019
Lincoln, Calais, Baileyville jumping on Opportunity Zones to ignite development
May 22, 2019A year after nearly 9,000 Opportunity Zones were established in the U.S., three municipalities with zones are taking advantage of the tax law with a community-based approach designed to leverage development both in and outside of their zone.
May 22, 2019
April sales of single-family homes surge by nearly 5%
May 22, 2019Maine Listings said sales of single-family existing homes rose by 4.8% in April, compared to a year ago, while the median sales price rose 5%, to $210,000.
May 22, 2019
Portland is No. 6 in cities for summer jobs, Lewiston No. 85 in WalletHub list
May 21, 2019Portland is the sixth-best city in the United States for summer jobs while Lewiston is No. 85, according to a new WalletHub ranking that gives top billing to Orlando, Fla., out of more than 180 U.S.
May 21, 2019
Bangor Savings Bank officially opens its new headquarters
May 21, 2019Nearly 400 Bangor Savings Bank employees joined building project partners and community leaders who turned out Monday to celebrate the grand opening of the company’s new campus overlooking the Penobscot River in Bangor.
May 21, 2019
Affordable-housing tax credit bill moves forward in Augusta
May 21, 2019A proposed tax credit aimed at bringing more affordable housing to Maine is headed for a vote in the House and Senate after last week's endorsement by the Taxation Committee.
May 21, 2019
Belfast lobstermen fear Nordic Aquafarms' discharge pipes will harm fishery
May 21, 2019Some Belfast lobster fishermen told the local Harbor Advisory Committee that they were concerned that dredging for installation of Nordic Aquafarms’ discharge and intake pipes along submerged lands could release mercury in the ocean sediment and pose a hazard to navigation.
May 21, 2019
EVENT
On The Road with Mainebiz - Ellsworth
On the Road with Mainebiz - Ellsworth!
Join us at our third stop in the 2019 On the Road with Mainebiz event series in Ellsworth!
Big Cat's Event Center, 163 Bar Harbor Road, Trenton
Event Details
Mount Desert expert collects humpback whale's skeleton for future display in Maine State Museum
May 20, 2019Dan DenDanto, a Mount Desert Island scientist and expert in the specialized field of cleaning, articulating and restoring whale skeletons for display, traveled to Cape Cod in early May to collect the bones of a 40-ton humpback whale that had died in the Gulf of Maine. After a cleaning process that takes more than a year, the rearticulated skeleton will likely become part of a mother-and-calf display at the Maine State Museum.
May 20, 2019
Boston Financial joins growing field of wealth management firms in Portland
May 19, 2019Boston Financial Management is the newest wealth management and investment advisory firm to hang out a shingle in Portland in order to better serve high-net-worth clients in southern Maine.
May 19, 2019Cumberland and Sagadahoc counties have lowest unemployment rate
May 17, 2019The Maine Department of Labor and the U.S. Bureau of Labor Statistics released April workforce estimates for Maine that show the seasonally adjusted unemployment rate estimate for April of 3.3% is little changed from March (3.4%) and last April (3.3%). The number of unemployed, 23,100, is also little changed.
May 17, 2019
10 Maine arts organizations land $1M in NEA funding
May 17, 2019The National Endowment for the Arts has awarded 10 grants totaling $981,800 to Maine arts organizations.
May 17, 2019
Longtime Seven Islands' CEO to retire, LaMontagne named as successor
May 17, 2019Seven Islands Land Co., a Maine-based forestland resource and management company, announced Thursday it has hired Daniel J. LaMontagne to succeed John W. McNulty as the firm’s president and CEO.
May 17, 2019
MTI is Maine SBA’s 2019 ‘financial services champion’
May 17, 2019The Maine Technology Institute was named the “2019 Financial Services Champion of the Year” by the Maine District Office of the U.S. Small Business Administration. The honor was presented during Wednesday night’s SBA Small Business Awards Celebration in Freeport, which recognized individuals and businesses making a positive economic impact in Maine.
May 17, 2019
Front Street hired for mission boat refit; mission headquarters construction starts
May 16, 2019Maine Seacoast Mission selected Front Street Shipyard in Belfast for a significant refit of mission vessel, Sunbeam V. And construction of a building that will include the mission’s new headquarters has begun in Northeast Harbor.
May 16, 2019
Feds inject $18 million into biotech research and training in Maine
May 16, 2019Mount Desert Island Biological Laboratory in Bar Harbor received an award of nearly $18 million from the National Institute of General Medical Sciences, an institute of the National Institutes of Health, for the renewal of a grant to strengthen biomedical research and research training in Maine.
May 16, 2019
May 16, 2019
Two-state $93M initiative to reduce 'gateway’ traffic woes coming into Maine
May 16, 2019The Maine Department of Transportation, the Maine Turnpike Authority, and the New Hampshire Department of Transportation unveiled Wednesday an initiative to revitalize the heavily trafficked Interstate 95 “gateway” to Maine between Kittery and York.
May 16, 2019
Cinemark to build 12-screen movie complex at Westbrook's Rock Row
May 16, 2019Cinemark Holdings Inc.
May 16, 2019NRCM blasts PUC’s approved three-year budget for energy efficiency projects
May 16, 2019The Maine Public Utilities Commission unanimously approved $158.2 million in funding for energy efficiency initiatives for Maine residents and businesses, which will be administered by the Efficiency Maine Trust from July 1 through June 30, 2022.
May 16, 2019
OTELCO announces leadership change as CEO plans retirement
May 16, 2019OTELCO announced that Richard A. Clark has been appointed president of the company, reporting to Rob Souza, CEO and director of the New Gloucester-based wireline telecommunications company.
May 16, 2019
Bar Harbor’s Indian Market expected to double economic impact in one year
May 15, 2019The second annual Indian Market, a program of the Abbe Museum in Bar Harbor, is expected to nearly double its economic impact in the local community. Approximately 75 Native American artists and performers from over 40 nations from across the U.S. and Canada will attend the 2nd Abbe Museum Indian Market, scheduled this weekend from May 17 to May 19, in downtown Bar Harbor.
May 15, 2019
Bowdoin to donate $450K for construction of elementary 'discovery' classroom
May 15, 2019Bowdoin College announced a $450,000 gift to the Brunswick School Department to fund construction of a “discovery classroom” at the future Kate Furbish Elementary School.
May 15, 2019
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25th Anniversary Issue
For 25 years Mainebiz has been reporting the stories from Maine’s business community. In this special anniversary issue, we examine 25 trends that have had the most impact on Maine’s economy from 1994 until today. From the industries that have all but died to the industries that have emerged, we look at what has changed in that quarter century and how we do business today.
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