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Maine State Credit Union, Midcoast FCU plan to merge
William Hall October 8, 2020If approved, the deal would create an organization with over $725 million in assets and 46,000 members in central and midcoast Maine, and ranking by far as the state's largest credit union.
William Hall October 8, 2020
Bank breaks ground on $8M Westbrook operations center
Renee Cordes Updated: October 7, 2020Ten months after a merger, the parent company of Biddeford Savings and Mechanics Savings broke ground on a 23,000-square-foot operations center that will serve as a "bridge" between its principal markets.
Renee Cordes Updated: October 7, 2020
Giving Notebook: $25K for southern Maine nonprofits, MCF marks Waldo County milestone
Renee Cordes October 5, 2020In its ongoing effort to be a good neighbor to nonprofits in the two counties it serves, Scarborough-based Town & Country Federal Credit Union has launched a month-long vote for recipients of $25,000 in grants from its Better Neighbor Fund.
Renee Cordes October 5, 2020
Building Business: Brunswick has ‘boom town’ feel, with projects underway
Peter Van Allen Updated: October 5, 2020New construction, including a bank and a supermarket, dots locations across the town. Also in this Mainebiz roundup, jobs from Saco to South Paris.
Peter Van Allen Updated: October 5, 2020
Norway Savings announces first step toward CEO Weigel's retirement
Renee Cordes Updated: September 30, 2020Executive Vice President Dan Walsh will become the bank's 17th president, while Patricia Weigel will stay on as CEO until her retirement in December 2021. Weigel was also named chairwoman of the bank’s board of directors.
Renee Cordes Updated: September 30, 2020
Lewiston ed tech startup takes home $25K prize in Top Gun showcase
Staff September 25, 2020The software company, started by a pair of local teachers, was the winner out of a field of 44 entrants that began in the pitch-off competition eight months ago.
Staff September 25, 2020CEI receives $300K to support equity investment in early-stage food business
Staff September 24, 2020Coastal Enterprises Inc.’s Catalyst Fund has invested $1.09 million in eight food businesses to date. The goal is to build a pipeline of investment-ready businesses.
Staff September 24, 2020
FAME extends COVID-19 relief programs for small businesses by six months
Staff September 18, 2020There's still money available in loan insurance, relief refinancing and direct business loans at the Finance Authority of Maine, through programs created to help businesses stay afloat during the pandemic. The programs have been extended to March 31.
Staff September 18, 2020
Mainebiz celebrates the 2020 Women to Watch with special ceremony, virtual networking
Staff September 17, 2020Five remarkable business leaders will be honored at this year's virtual festivities, which offer a chance for attendees to network almost as if they were at an in-person event.
Staff September 17, 2020
84 companies named Maine's 'best places to work'
Staff Updated: September 11, 2020The number of winners in the 2020 Best Places to Work in Maine program is down from last year, but only slightly. This year's program has made some changes in response to the pandemic.
Staff Updated: September 11, 2020
Bar Harbor Bank & Trust will move within competitive Brunswick market
William Hall September 9, 2020The Bar Harbor-based bank plans to permanently close its branch at 2 Main St., Topsham, on Oct. 23 and to open a new location in Brunswick three days later.
William Hall September 9, 2020
First National Bank plans to buy Damariscotta B&T branch in Belfast for $25M
Staff September 4, 2020Damariscotta Bank & Trust is already in the process of being acquired by Bangor Savings Bank, which has agreed to sell the DB&T branch in order to satisfy regulators.
Staff September 4, 2020
Maine entrepreneur harvests a new idea for startup
Maureen Milliken Updated: September 7, 2020At 22 years old, he's already been working for years to figure out a way of converting hemp stalks into an efficient-energy product. Now he's on the verge of succeeding at his quest.
Maureen Milliken Updated: September 7, 2020
Startup journey: Maine’s Top Gun program has a growing list of successful alumni
Laurie Schreiber Updated: September 7, 2020The entrepreneurial training program has helped cultivate over 240 startups since its founding in 2009, creating a supportive "ecosystem" of both fledgling businesspeople and experienced mentors.
Laurie Schreiber Updated: September 7, 2020
Portland cleaning company 'dreams big' of winning national small business competition
Staff September 2, 2020Green Clean Maine is one of only 24 finalists in the U.S. Chamber of Commerce's Dream Big Awards, which drew over 700 applicants. The company is also one of only two finalists from New England.
Staff September 2, 2020
Maine Credit Union Notebook: 'Dogust' days, fight against hunger, Westbrook branch move
Renee Cordes Updated: September 2, 2020A roundup of Maine credit union news covers an initiative by Town & Country Federal Credit Union and the Animal Refuge League of Greater Portland, and other recent developments.
Renee Cordes Updated: September 2, 2020
Today's Poll
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall economy,
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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