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Lewiston competition to attract downtown business sweetens the pot
Staff August 4, 2021Designed to attract viable businesses to Lewiston’s downtown, an $80,000 prize package includes rent-free space at 120 Lisbon St. plus marketing, branding, legal, financial, architectural and digital services for one year.
Staff August 4, 2021
SBA seeks speedy forgiveness of PPP loans
Renee Cordes August 3, 2021Businesses that received a Paycheck Protection Program loan of $150,000 or less will be able to apply for forgiveness via an online portal set to go live on Wednesday, Aug. 4.
Renee Cordes August 3, 2021
Casco FCU senior executive will take over as president this fall
Peter Van Allen August 2, 2021The promotion is part of Casco Federal Credit Union's succession plan, with President and CEO James Stone set to retire at the end of June 2022.
Peter Van Allen August 2, 2021
In prestigious business competition, Portland entrepreneurs hold off Boston sweep
William Hall Updated: August 2, 2021Leaders from two Maine businesses were the only winners outside metro Boston in the New England competition for the EY Entrepreneur of the Year.
William Hall Updated: August 2, 2021
Maine State Credit Union builds on technology growth with new COO appointment
Staff July 30, 2021The credit union's new COO will oversee IT, risk management and online banking. Technology has proven key as the industry works to maintain member relationships, and Maine State Credit Union reported digital usage and membership grew in 2020.
Staff July 30, 2021
Camden National beats expectations on Q2 earnings
Renee Cordes July 28, 2021Camden National Bank reported second-quarter net income of $18.1 million, up 66% over the same period last year, amid loan growth in residential mortgages and commercial real estate.
Renee Cordes July 28, 2021
Bar Harbor Bankshares reports Q2 earnings increase driven by higher fee income
Renee Cordes Updated: July 27, 2021Earnings per share increased 9% from the same period last year for the parent company of Bar Harbor Bank & Trust, the third-largest Maine-based bank.
Renee Cordes Updated: July 27, 2021
Katahdin Trust parent reports increase in Q2 earnings, assets
Renee Cordes Updated: July 27, 2021"The second quarter of 2021 provided solid financial results," said Jon J. Prescott, president and CEO of Katahdin Bankshares Corp. Total assets reached $948 million at the end of Q2, representing an increase of $6.6 million over Q1.
Renee Cordes Updated: July 27, 2021
Bullish business confidence barometer signals 'rosy' outlook for Maine
Renee Cordes Updated: July 23, 2021Close to nine in 10 business leaders nationwide surveyed by JPMorgan Chase & Co. are optimistic about the next six months, and the head of the bank's commercial banking team in Maine said that aligns with what he's hearing from clients.
Renee Cordes Updated: July 23, 2021
First National Bank parent earnings up 34% for Q2
Staff July 22, 2021Damariscotta-based First Bancorp, parent company of First National Bank, on Wednesday reported a 33.8% increase in earnings during the second quarter of 2021, compared to the same period last year.
Staff July 22, 2021
Taking it to the bank: Big developments in Maine depend on a little-known inspection company
Maureen Milliken Updated: July 26, 2021The job of Consultant Services New England, or CSC, is to ensure a proper financial foundation is in place long before the building's foundation is laid. Yet the company receives little fanfare when the project is topped off.
Maureen Milliken Updated: July 26, 2021
Space odyssey: As employees head back to offices, companies rethink workplace setups
Renee Cordes Updated: July 26, 2021Companies that have been operating remotely are now exploring hybrid models, with physical space for people to meet while allowing them to keep working from home if they can and want to. No size, it appears, fits all.
Renee Cordes Updated: July 26, 2021Maine, US home foreclosure rates at all-time low, but could soon change
Catie Joyce-Bulay July 21, 2021Both Maine and the U.S. saw decreases in rates in the first six months of 2021. The number of U.S. properties with foreclosure listing — 65,000 default notices, scheduled auctions or bank repossessions — was down 61% from the same period last year.
Catie Joyce-Bulay July 21, 2021
Nonprofit Notebook: MCF Hancock County grants, Maine State Credit Union scholarships
Renee Cordes Updated: July 20, 2021In a roundup of nonprofit news, the Maine Community Foundation awards grants to 27 nonprofits in Hancock County while Maine State Credit Union awards $100,000 in scholarships to Maine residents.
Renee Cordes Updated: July 20, 2021
Maine credit unions raise $110K in 30 days to fight hunger
Staff Updated: July 15, 2021Since 1990, the Maine Credit Unions’ Campaign for Ending Hunger has raised more $10.4 million, including a record-breaking $960,000 in food and cash contributions last year.
Staff Updated: July 15, 2021
NH business and industry leader to head Maine Bankers Association
Staff July 14, 2021The new president comes from a background in business and industry leadership in New Hampshire. Current president Chris Pinkham is retiring after 41 years with the association, seeing it through numerous economic cycles.
Staff July 14, 2021
Today's Poll
Sponsored by: Kennebunk Savings Bank
With the official end of summer this past weekend, we're taking a look back at how the season unfolded.
Back in early August, we asked how the summer tourism season was going — and at the time, the majority of respondents told us it could be better. And remember, the season started very rainy and ended amid a drought.
Now that the season has wrapped up, we're checking in again to see how things ended. Did things improve? Did tourism pick up later in the summer, or did the season fall short of expectations?
The Giving Guide
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.
Learn More
Work for ME
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.
Learn More
Groundbreaking Maine
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 more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
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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