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With second round of PPP loans, banks and borrowers await further guidance on wider lending
Peter Van Allen January 13, 2021The second round of PPP loans have started this week for some borrowers, but banks are still waiting for SBA guidance on when they can process the wider field of loans.
Peter Van Allen January 13, 2021
Top Gun accelerator program unveils 2021 class as format stays virtual
Renee Cordes Updated: January 8, 2021A total of 32 companies from Bangor, Portland, Lewiston and Waterville will participate in this year's program, which will culminate with a final showcase pitch-off in May for a $25,000 cash prize.
Renee Cordes Updated: January 8, 2021
On the Record: Jeff Fuhrer, former Boston Fed analyst, looks at 2021 after a turbulent year
Peter Van Allen Updated: January 11, 2021The former senior policy analyst at the Federal Reserve Bank of Boston is again keynoting the Mainebiz "Five on the Future" discussion on Feb. 25. But first, he chats about 2020, and what may lie on the horizon in the year ahead.
Peter Van Allen Updated: January 11, 2021
2021 forecast for Maine's banks and credit unions: A year of further growth, competition
Renee Cordes Updated: January 11, 2021Financial institutions in Maine were growing and expanding as the pandemic began, and have been able to maintain some of that momentum. Much of their work in 2021 will focus on helping Maine businesses get back on their feet.
Renee Cordes Updated: January 11, 2021
Bar Harbor Bank adds branch in Bedford, NH
Renee Cordes Updated: January 6, 2021The branch brings the total in the Granite State to 21, and 54 overall in three states.
Renee Cordes Updated: January 6, 2021
Chase chooses Falmouth for next Maine bank branch
Renee Cordes Updated: January 6, 2021JPMorgan Chase & Co. plans to open a branch at 251 U.S. Route 1 in Falmouth in the first quarter of 2022, one of five planned branches in the southern part of the state.
Renee Cordes Updated: January 6, 2021
New round of PPP loans has big changes from 2020 version
Maureen Milliken January 4, 2021Among the changes in the new Payroll Protection Program, which got a $284 billion boost with the recent stimulus package: Several types of business that weren't eligible the first time around now are. Loans can also be used for a larger variety of
Maureen Milliken January 4, 2021
'Bring it on!’: What 12 Maine business movers and shakers resolve to do in 2021
Renee Cordes Updated: January 4, 2021From keeping employees safe to helping business grow, here's a roundup of New Year's business resolutions shared with Mainebiz.
Renee Cordes Updated: January 4, 2021
Maine SBA office begins search for new director after Bassett returns to NH
Maureen Milliken December 29, 2020Maine's office will be overseen by Diane Sturgeon, deputy district director, after Amy Bassett left to take the job of district director of the New Hampshire office.
Maureen Milliken December 29, 2020
Giving Notebook: $10K to help homeless youth, $6K for hunger relief
Renee Cordes December 29, 2020Mainebiz's final nonprofit news roundup of 2020 highlights recent donations by the Avangrid Foundation and Town & Country Federal Credit Union.
Renee Cordes December 29, 2020Maine's financial lost-and-found has $276M, and some of it may be yours
William Hall Updated: December 30, 2020The state's Unclaimed Property Office is ready to pay out millions of dollars to the owners of lost or abandoned bank accounts, life insurance policies and other assets — as soon as those owners can be found.
William Hall Updated: December 30, 2020
South Portland seeks 'pivot pioneers,' other pandemic heroes for annual business awards
Staff December 28, 2020The traditional categories are on the shelf this year in South Portland as the Economic Development Committee seeks nominees for the annual Business & Economic Development Awards that reflect pandemic adaptability, innovation and spunk.
Staff December 28, 2020
Maine Community Bank chief to serve on Boston Fed's board
Renee Cordes Updated: December 28, 2020Jeanne Hulit, president and CEO of Maine Community Bankcorp, says it will be "fascinating" to have a seat at the table of the Federal Reserve Bank of Boston.
Renee Cordes Updated: December 28, 2020
With merger, a northern Maine credit union will be among top 10 in state
Staff December 24, 2020The County Federal Credit Union will have $380 million in assets and eight branches in Aroostook and Penobscot counties when its merger becomes official on Jan. 1.
Staff December 24, 2020
State senator named president of Community Concepts in Lewiston
Staff December 21, 2020State Sen. Nate Libby has worked with Community Concepts Finance Corp. as a consultant on two wellness shelter projects.
Staff December 21, 2020
FAME showcases manufacturer, lenders, educational foundation in virtual awards
Staff December 18, 2020The Finance Authority of Maine's annual Showcase Maine celebration was canceled because of the pandemic, but FAME honored five recipients in a virtual ceremony on Thursday.
Staff December 18, 2020
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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