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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.
U.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.
A 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.
Maine 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.
Portland 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.
Nearly 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.
A 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.
Some 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.
U.S. Sens. Susan Collins, R-Maine, and Angus King, I-Maine, have joined a bipartisan group of senators in introducing the “Agricultural Export Expansion Act of 2019,” legislation to remove a major hurdle for American farmers and ranchers aiming to sell American agricultural products in the Cuban market. The bipartisan bill would support jobs in Maine and throughout the country by lifting restrictions on private financing for U.S. agricultural exports to Cuba.
Collins and King noted in a recent news release that the 2018 Farm Bill took steps to help American agriculture access the Cuban market by allowing funding for U.S. Department of Agriculture export promotion programs for U.S. agricultural products to be used in Cuba. However, they said, the biggest barrier for producers as they seek access to Cuba is the Trade Sanctions and Reform Act’s prohibition on providing private credit for those exports, which forces Cubans to pay with cash up-front for American-grown food. As a result, American farm goods have become less competitive, and Cuba has turned to other countries that are able to extend credit directly to Cuban buyers for transactions.
The proposed bill would amend the Trade Sanctions and Reform Act to allow for private financing of agricultural exports and level the playing field for American farmers competing in the global market.
Noting that farming continues to be a major economic driver of Maine’s rural communities, Collins and King said the legislation would “open up a significant new export opportunity, without costing the government any money or risking any taxpayer dollars.”
Dan 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.
Boston 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.
The 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.
The National Endowment for the Arts has awarded 10 grants totaling $981,800 to Maine arts organizations.
Seven 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.
The 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.
Maine 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.
Mount 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.
The 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.
Cinemark Holdings Inc.
The 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.
OTELCO 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.
The 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.
Bowdoin 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.