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Biz Money: Help is on the way for small businesses hanging on during shutdown
Peter Van Allen Updated: April 6, 2020The $2 trillion federal relief program could be a lifesaver for Maine businesses struggling with impacts of COVID-19. But will the relief come soon enough?
Peter Van Allen Updated: April 6, 2020
Crowded field of Maine businesses expected in race for $349B in small biz loans
Renee Cordes Updated: April 2, 2020Days before the federal Paycheck Protection Plan is expected to go live, Maine banks are getting ready and are already flooded with inquiries. Mainebiz talked to bank executives and other experts concerned about how the race for cash will turn out.
Renee Cordes Updated: April 2, 2020
Machias Savings offers $100K in grants for Maine nonprofits
Renee Cordes April 1, 2020Grants of up to $5,000 are available, particularly for organizations that manage food insecurity, services for the aging and isolated, community action programs and emergency response teams.
Renee Cordes April 1, 2020
Waterville wealth firm invokes Buffett playbook in crisis response
Renee Cordes Updated: March 31, 2020Despite today's public health crisis, investors need to think about the long term, Waterville-based financial adviser Brian Bernatchez tells Mainebiz.
Renee Cordes Updated: March 31, 2020Bangor, Norway savings banks temporarily shut some of their branches
Staff March 27, 2020A total of 19 branches, from Orono to Ogunquit, will close for now, after banks across the state have already suspended most face-to-face customer services.
Staff March 27, 2020WEX to limit hiring to 'business-critical positions'
Renee Cordes Updated: March 24, 2020The global provider of corporate payment solutions tells Mainebiz it will restrict hiring, with some exceptions, and plans to expand benefits for current employees affected by the coronavirus.
Renee Cordes Updated: March 24, 2020How to prepare for short-term business disruption
Andrew C. Helman March 20, 2020As the public health crisis from COVID-19 deepens, businesses must prepare for disruption and a financial downturn that has likely already begun. A Portland bankruptcy attorney offers some guidance.
Andrew C. Helman March 20, 2020
Chambers look to support economy after Mills' order halts dining in, gatherings
Maureen Milliken March 19, 2020As restaurants, bars and other businesses are restricted for the coming weeks, chambers of commerce and other groups are jumping in to support businesses and share resources to buoy the Maine economy.
Maureen Milliken March 19, 2020Gorham Savings puts LaunchPad contest on hold until 2021
Renee Cordes Updated: March 18, 2020The bank has called off the 2020 business pitch-off competition in the wake of the growing coronavirus crisis.
Renee Cordes Updated: March 18, 2020
What the Fed rate cut means for Maine businesses and consumers
Renee Cordes March 16, 2020In Maine, bank executives and others in the financial services sector welcomed the Fed action as mainly positive for businesses and consumers in the longer term.
Renee Cordes March 16, 2020
After stock market plunge, Maine investment advisors urge caution
Renee Cordes Updated: March 13, 2020After U.S. stocks had their largest one-day decline since 1987, Maine investment advisors offer opinions on how the stock market and economy might respond.
Renee Cordes Updated: March 13, 2020
Camden National relocates to new banking center in Damariscotta
Staff March 11, 2020Camden National Bank opened its new, 2,700-square-foot branch at 435 Maine St. in Damariscotta. It’s a “high-tech, high-touch banking center” that’s part of a three-building mixed use development.
Staff March 11, 2020
Legislative jab at big-box retailers' 'dark store theory' up for decision
Maureen Milliken March 11, 2020The legislative Taxation Committee is expected to act Thursday on a bill that aims to end the practice of big-box retailers seeking lower tax assessments — a bill municipalities and assessors support, but the state's retail industry opposes.
Maureen Milliken March 11, 2020Maine securities administrator reminds investors to remain calm
Staff March 10, 2020Maine Securities Administrator Judith Shaw today is reminding investors to beware of con artists seeking to capitalize on fear and uncertainty in light of the ongoing developments related to the current coronavirus (COVID-19) situation, and its
Staff March 10, 2020
Charity hoops tourney scores another $45K for children's cancer program
Renee Cordes March 9, 2020More than 200 adults and youths took to the basketball court Sunday in Gorham to raise nearly $45,000 for the Maine Children’s Cancer Program, putting the total amount raised since 1994 to nearly $570,000.
Renee Cordes March 9, 2020
A larger home for Maine’s largest credit union
Laurie Schreiber Updated: March 9, 2020Atlantic Federal Credit Union, which is now Maine’s largest credit union, bought an office building of nearly 100,000 square feet in South Portland to become the company's new headquarters.
Laurie Schreiber Updated: March 9, 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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