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August 21, 2023 Edition
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Focus on Greater Bangor & Northern Maine

Loring’s flight plan: Turning the former Air Force base into a regional aviation, aerospace hub

Renee Cordes

An estimated $50 million to $75 million in public money is needed develop a public airport at the Cold War-era Air Force base in Limestone.

  • Letters
    Letters

    A defense of Waterville’s urban renewal on the 1960s

    Regarding the article published in Mainebiz from the print edition of June 12, “With Projects Underway, Waterville’s Downtown is Taking on New Life”, we want to correct the statement that “Waterville was a victim of urban renewal in the 1960s.”

  • Letter from the Editor
    Letter from the Editor

    Loring’s evolution takes another step forward

    Peter Van Allen

    Loring had a long history as an Air Force base, brief notoriety for being the site of a Phish concert and now another life as a business park. As Senior Writer Renee Cordes notes in her story, Loring has some major plans in the works.

  • In Short
    In Short

    Newsworthy people and performances for Aug. 21, 2023

    A roundup of new hires, promotions and achievements from businesses and nonprofits around Maine.

Today's Poll

How confident are you that your long-term savings or financial plans are where you need them to be at this point?
Poll Description

Sponsored by: GoNetspeed, a fiber internet provider

Despite economic uncertainty and sharp swings in the stock market, Americans' retirement accounts grew in size during the second quarter of 2023, Fidelity Investments recently reported. The quarter was the third consecutive period to show an increase in account balances.

The average IRA balance grew to $113,800, up 5% from the previous quarter and a 41% increase from 10 years ago, according to nationwide data compiled by Fidelity.

The average 401(k) balance jumped to $112,400, a 4% increase from the previous quarter and a 39% increase from 10 years ago. 

At the same time, the average 403(b) balance increased to $102,400, 5% more than the amount in the previous quarter and a whopping 65% spike from 10 years ago.

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