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Damariscotta-based First Bancorp reports slight Q2 gains, despite pandemic
Greg Levinsky July 23, 2020The bank holding company also said it has made over $96 million in loans to Maine small businesses through the Paycheck Protection Program.
Greg Levinsky July 23, 2020
Gorham Savings Maine Marathon joins growing list of virtual fundraisers during COVID-19
Renee Cordes Updated: July 22, 2020The event, which has raised more than $5.2 million for local charities since 1997, joins a growing list of virtual fundraisers. This year's nonprofit beneficiaries include Wayside Food Programs and behavioral health and education service provider
Renee Cordes Updated: July 22, 2020
Katahdin Bankshares posts 32% rise in Q2 results, announces promotion
Renee Cordes July 21, 2020The parent company of Katahdin Trust reported that earnings were up over the same period last year, while assets rose to $981.7 million.
Renee Cordes July 21, 2020Maine credit unions raise more than $227K to fight hunger during COVID-19
Renee Cordes Updated: July 14, 2020Every Maine credit union participates in Maine Credit Unions’ Campaign for Ending Hunger and raises money throughout the year to support the initiative, which has raised more than $9.4 million since 1990.
Renee Cordes Updated: July 14, 2020
In central Maine, it's a busy time for financial mergers
Renee Cordes Updated: July 13, 2020In recent weeks, two banks with similar names announced their were becoming one, while two credit unions made a similar announcement of their own.
Renee Cordes Updated: July 13, 2020
Machias bank goes solar with new HQ building
Renee Cordes Updated: July 9, 2020The 142-panel rooftop solar array was installed this week on Machias Savings Bank's new headquarters building, which is due to open in August.
Renee Cordes Updated: July 9, 2020
Maine Harvest FCU grant program aims to boost farmland buys
Staff July 8, 2020A new program will pay up to $3,500 in closing costs on farmland purchases and may help boost the local food industry, as low interest rates spark interest in agricultural property.
Staff July 8, 2020
One Longfellow Square raises over $100K to stay open, but future uncertain
Staff Updated: June 24, 2020In just nine days, One Longfellow Square exceeded its fundraising goal of $100,000 to help pay its bills and remain open until the middle of 2021. However, challenges still loom ahead.
Staff Updated: June 24, 2020FAME ups loan limits for businesses hurt by shutdown
Staff Updated: June 23, 2020To keep pace with the evolving financial needs of its customers during the pandemic, the Finance Authority of Maine is offering special terms in several of its business assistance programs.
Staff Updated: June 23, 2020
Credit union corner: Central Maine merger, virtual money conference
Renee Cordes Updated: June 23, 2020Connected Credit Union, of Augusta, is merging with Winslow Community Federal Credit Union, and Town & Country Federal Credit Union goes to a virtual format for its annual money conference this Wednesday.
Renee Cordes Updated: June 23, 2020
Kennebec Savings to merge with smaller Kennebec Federal Savings
Renee Cordes June 18, 2020The combined entity will have about $1.25 billion in assets and employ 165 people in a merger that's expected to be completed in the fourth quarter of 2020.
Renee Cordes June 18, 2020
On MDI, summer residents rally to help local businesses with $800K boost
Laurie Schreiber Updated: June 16, 2020When the pandemic began to threaten the local economy of Mount Desert Island, a group of summer residents joined with neighbors and the community to provide grants to businesses in need.
Laurie Schreiber Updated: June 16, 2020
Nonprofit notebook: Portland arts spot is crowdfunding; CEI gets $100K gift
Renee Cordes Updated: June 16, 2020Performing arts venue One Longfellow Square has launched a crowdfunding campaign to stay afloat until mid-2021, while Coastal Enterprises Inc. receives a donation to help in its COVID-19 relief efforts.
Renee Cordes Updated: June 16, 2020
Gorham textile designer wins 'Greenlight Maine' $100K prize
Renee Cordes Updated: June 15, 2020In the final round of the Maine business-pitch television series, Erin Flett competed against Chad and Nicole Humphrey of Humphrey's BBQ and Heather Desjardins of technology startup iTell Alert.
Renee Cordes Updated: June 15, 2020Experts discuss PPP loan forgiveness at free Mainebiz webinar on Thursday
June 10, 2020In this second Mainebiz discussion of the Paycheck Protection Program, a panel of four experts will show how businesses can qualify for loan forgiveness, and will review the latest rules and share case studies.
June 10, 2020
Credit union's month-long drive benefits 31 southern Maine charities
Renee Cordes Updated: June 10, 2020Big Brothers Big Sisters of Southern Maine is among 31 nonprofits in Cumberland and York counties awarded a $100 grant from Town & Country Federal Credit Union as part of a month-long charity drive in May.
Renee Cordes Updated: June 10, 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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