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Loan rangers: Behind the scenes of the Paycheck Protection Program in Maine
Renee Cordes Updated: April 5, 2021The emergency loan program started last year with initial funding of $349 million, but in two weeks the money was gone. Businesses and banks had to scramble and get what they could. The PPP has been a lifesaver, but has also taught Mainers to learn
Renee Cordes Updated: April 5, 2021From the Editor: The pandemic upended the economy, but companies adapted — with help
Peter Van Allen Updated: April 5, 2021A year ago, companies were just starting to make their revised sales projections for the year.
Peter Van Allen Updated: April 5, 2021
Celebrating the 2021 Mainebiz Business Leaders of the Year
Staff March 26, 2021Read about seven distinguished Mainers who have helped shape the state's economic vitality over the past 12 months, and who will be honored at the virtual Business Leaders of the Year award reception on Thursday, April 15.
Staff March 26, 2021
Portland school employee vies to be crowned nation's Custodian of the Year
Staff March 26, 2021A 25-year veteran of Ocean Avenue Elementary School in Portland is one of 10 finalists, chosen from among 2,000 nominations, and could receive $35,000 in prizes if voted the winner next month.
Staff March 26, 2021
Bangor Savings Bank tells workers: Roll up your sleeve, get $500
William Hall Updated: March 26, 2021Maine's largest bank will give its 1,100 employees an incentive of $500 each for receiving a full vaccination. But other employers are concerned about legal liabilities that such rewards could involve.
William Hall Updated: March 26, 2021
Maine State Credit Union, Midcoast FCU call off planned merger
William Hall March 24, 2021In a continuing wave of consolidation, the two member-owned financial cooperatives in October announced plans to join forces, but have walked away from the agreement after further consideration by their boards.
William Hall March 24, 2021
Norway Savings reopens lobbies at 23 locations
Peter Van Allen March 23, 2021The bank had closed the lobbies in November after a rise in COVID-19 cases. On Monday, it reopened 23 of its 24 branch office lobbies, with a Portland site remaining closed.
Peter Van Allen March 23, 2021One year after Collins helped launch PPP, success but also caution
William Hall March 19, 2021Since its inception one year ago, nearly 40,000 Maine businesses have received forgivable loans under the Paycheck Protection Program, and more relief is coming. But a federal watchdog agency is concerned about fraud and mismanagement.
William Hall March 19, 2021
After delay, CEI Ventures raises $14.8M for latest fund
Renee Cordes March 18, 2021The Good Jobs Fund is the fifth for the venture capital arm of Brunswick-based Coastal Enterprises Inc.
Renee Cordes March 18, 2021
KeyBank will increase fund for equity, housing to $40B
Staff March 12, 2021The bank's National Community Benefits Plan, which has invested $258 million in Maine since it started in 2017, supports minority and low- to moderate-income businesses and communities, as well as renewable energy.
Staff March 12, 2021
Final piece in place for 50-unit Szanton Bath Uptown project
Staff March 11, 2021The project, expected to be completed in 2023, includes renovating two historic buildings as well as new construction on the vacant lot where the YMCA once stood.
Staff March 11, 2021
Kennebec Savings completes merger with Kennebec Federal Savings and Loan
Renee Cordes Updated: March 8, 2021The enlarged Kennebec Savings Bank has 171 employees and total assets of $1.317 billion after joining forces with its smaller regional peer in a merger that closed Friday afternoon.
Renee Cordes Updated: March 8, 2021
Skowhegan Savings invests $750K in affordable housing fund
Staff March 4, 2021Nineteen investors committed $60.7 million in equity to Evernorth's second Housing New England Fund. In all, the fund will invest in 18 affordable housing developments, including nine in Maine.
Staff March 4, 2021
New chair takes reins at Orono-based University Credit Union
Staff March 2, 2021Gerald Hayman Jr. retired from the volunteer leadership role after 10 years and a total of 29 years on the credit union's board. He's succeeded by board member Peter Reid, an assistant dean at the University of Maine.
Staff March 2, 2021
How manufacturers have changed operations during the pandemic
Jason Lundy, Bank of America March 1, 2021Guest columnist Jason Lundy, a banker, cites three ways manufacturers can and have changed how they do business to weather the pandemic.
Jason Lundy, Bank of America March 1, 2021
Gorham Savings relaunches LaunchPad business pitch contest
Renee Cordes March 1, 2021A year after canceling in 2020 at the start of the coronavirus pandemic, organizers open the 2021 edition with a few tweaks, including a virtual finale that will be livestreamed.
Renee Cordes March 1, 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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