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September 4, 2023 Edition
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Focus on Startups & Entrepreneurship

Biochar: Startups use thermal process to transform waste wood into a versatile product

Laurie Schreiber

A new forest product sector in Maine is heating up as startup companies establish facilities to turn forest residuals into a versatile high-value product called biochar.

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?
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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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