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Some of Maine’s best-known names in construction and manufacturing are ESOPs, including Cianbro, Sargent Corp., Reed & Reed, Haley Ward, Zachau Construction, Landry/French Construction, Knickerbocker Group, J.S. McCarthy Packaging and Printing,
As Maine small businesses continue to evolve, the employee ownership model offers advantages for both the owner and the employees.
In the newly created role, Beth Burcke will oversee all aspects of human resources across the organization.
The Institute for Family-Owned Business recognized seven Maine companies at its 25th annual awards ceremony, held Oct. 8 at Thompson’s Point in Portland.
For credit unions, "doing more" is a recognition that doing well isn’t enough; leaders in our industry need to do good, too, writes guest columnist Jim Lemieux.
If the stoppage goes into next week, that may also delay the release of monthly reports on the country's trade balance, consumer prices, retail sales and producer prices all originally slated for the next two weeks.
A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.
"I find a great sense of achievement in my naval service, moving back to Maine, starting a family and finding professional fulfillment in support of Mainers," says Jonathan Poole.
The commercial loan portfolio manager for Kennebec Savings Bank says supporting emerging professionals is a passion.
Alina Dubois, a vice president and business banker at KeyBank, believes that every loan and every piece of advice can shape a business owner's future and the community they serve.
"As a young professional and mother, I am deeply passionate about contributing to Maine’s potential — especially in our rural communities," says honoree Alexis Brown.
"Growing up in a small town in northern Maine, it seemed that all you needed to succeed was grit and a willingness to work hard. But over time ... I came to understand that success isn’t just about effort," says Kelsie Bouchard.
Now in its fourth year, the Mainebiz 40 Under 40 program recognizes the state's up-and-coming leaders, the next generation of individuals who are shaping Maine and its economy.
Citing slowing growth in the first half of the year, central bankers lowered interest rates by a quarter of percentage point and signaled the possibility of two more cuts this year.
In a nod to its shipbuilding roots, Five County Credit Union has rebranded as Ancorum, which blends the words "anchor" and "quorum," for community.
Marie McCarthy, a retired L.L.Bean executive, will become chair of the board after Lawrence Sterrs retires on Dec. 31.
Sponsored by Kennebunk Savings Bank
For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.
AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1.
Of those travelers, 73 million will go by car — up 1.3 million from a year ago.
With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.)
Another 2.5 million people will travel by bus, train or cruise ship.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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