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A roundup of new hires, promotions and achievements from businesses, professional services firms, health care providers and nonprofits around Maine.
Mainebiz spoke with experts in the finance industry on how to start saving in your 20s. Here are their tips to feeling less overwhelmed as you start to plan for the future.
“2023 ended on solid footing," Amanda Rector said at a Mainebiz forum on Wednesday. She cited the state's growing diversity as a sign of "new thoughts, new innovations coming into the workplace."
Program director Laurie Johnson said this is the first year that female entrepreneurs will outnumber their male participants in the business accelerator program.
American Unagi’s recirculating aquaculture systems facility is the first in the U.S. to grow Maine eels to market size.
The Houston-based financial institution, owned by Katahdin Banskshares Corp., has more than $1 billion in assets.
After 2023's wild ride for interest rate hikes, Bangor Savings Bank President and CEO Bob Montgomery-Rice expects rates to be more stable this year.
Company stock ownership is seen as a way for employees to “benefit from the company’s prosperity.” More than 60 Maine companies are owned as ESOPs.
A U.S. Bureau of Labor Statistics study showed 57% of Maine businesses reported having no telework arrangements before or early in the pandemic. Businesses continue to adapt to the change, writes guest columnist Jason Lundy, a business banker.
Studies show ESOP participants have higher retirement account savings than non-ESOP counterparts and also have better job security, writes guest columnist Jay Hood, chief lending officer at Machias Savings Bank.
Cris Wescott, interim president and CEO of the Maine Credit Union League, believes the recession fears of a year ago have receded but does not expect significant economic growth in Maine in 2024.
New hires, promotions and achievements at Maine businesses, nonprofits and health care organizations.
Bar Harbor Bank & Trust has appointed Hazel Young as assistant vice president and branch relationship manager for the bank’s location in Rockland.
Rachael Billings has been named as a vice president and senior trust officer of its asset management group.
Biochar, a charcoal-like material, is produced by heating organic matter to an extremely high temperature in a low-oxygen environment. The biochar can then store carbon for thousands of years. By putting biochar back into the earth, the carbon is
Out of the total, $750,000 was paid out this year, while the remaining $305,500 will be distributed in the form of multi-year grants, according to the bank.