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FAME financing approval paves way for Saddleback sale, reopening
Staff January 28, 2020The Finance Authority of Maine approval is key to the $23.5 million financing package that will allow Artaris Impact Investors to buy and renovate the Rangeley ski resort, which has been closed since 2015.
Staff January 28, 2020
Oakland's FirstPark partners with 'Greenlight Maine' as part of marketing push
Maureen Milliken January 20, 2020The partnership with Greenlight Maine's "Collegiate Challenge" is the latest move in an aggressive strategy to increase visibility and tenants at the 285-acre campus.
Maureen Milliken January 20, 2020
20 on '20: In central Maine, a bank CEO is bullish on economic growth
Renee Cordes Updated: January 13, 2020Andrew Silsby, CEO of Augusta-based Kennebec Savings Bank, has high hopes for U.S. economic growth — and central Maine’s economy — in 2020.
Renee Cordes Updated: January 13, 2020
20 on '20: Credit union chief expects economy to be flat this year
Peter Van Allen Updated: January 13, 2020David Libby, president and CEO of Town & Country Federal Credit Union, is wary of the high level of consumer debt and what impact that may have on Maine's economy.
Peter Van Allen Updated: January 13, 2020
As it completes acquisition, Bangor Savings is also building two new branches
Staff Updated: January 8, 2020Bangor Savings Bank, Maine's largest in assets, plans to expand its regional footprint with new branches in Windham and in Manchester, N.H. The additions come as the bank works to complete its purchase of a midcoast bank.
Staff Updated: January 8, 2020
Boston Fed's Fuhrer says U.S. economy 'OK' for now
Renee Cordes Updated: January 7, 2020The U.S. economy is fundamentally strong for now, with growth expected to average 2.5% in the first half of this year and then closer to 2% after that, the Fed economist said at the Mainebiz "Five on the Future" event.
Renee Cordes Updated: January 7, 2020
Saddleback buyers meet with MRDA on loan next week
Staff January 3, 2020Arctaris Impact Fund is buying the Rangeley resort for $6.5 million, in a transaction that includes a Maine Rural Development Authority loan and Finance Authority of Maine guaranty, among other elements.
Staff January 3, 2020
2020 visions: Maine business and nonprofit leaders share their New Year’s resolutions
Renee Cordes Updated: January 2, 2020To start 2020, Mainebiz asked business and nonprofit movers and shakers from around the state to share their New Year's business resolutions. It looks like a busy year ahead for these leaders.
Renee Cordes Updated: January 2, 2020
Don't fall for these top 5 investment scams in 2020, Maine official says
Staff December 26, 2019The investment offers may sound too good to be true because they are, the state's securities administrator says.
Staff December 26, 2019Orono apartment complex gets $18.1M bridge loan
Staff December 24, 2019Orchard Trails Apartments, a 576-bed student housing community in Orono serving the University of Maine, has closed on a $18.1 million bridge loan, some of which will pay for upgrades at the complex.
Staff December 24, 2019Bangor Savings to acquire Damariscotta Bank & Trust in $35M deal
Staff December 18, 2019Bangor Savings Bank, the state’s largest bank in assets, may become even larger if its planned acquisition of Damariscotta Bank & Trust Co. is successful.
Staff December 18, 2019
Camden National Bank gives $250K to support Maine Med expansion
Staff December 13, 2019The bank made the pledge to the ongoing building project five months after also donating $250,000 to support another hospital expansion, at Pen Bay Medical Center in Rockport.
Staff December 13, 2019
Insider Notebook: Restaurant Copper Branch opens at Canal Plaza's 'sculpture' building
Maureen Milliken December 11, 2019Montreal-based Copper Branch, a vegetarian restuarant, opened Wednesday in the glass oval building at 1 Canal Plaza.
Maureen Milliken December 11, 2019
Trademark FCU steps into community spotlight in South Portland
Laurie Schreiber December 6, 2019Trademark Federal Credit Union bought 340 Main St., at Cash Corner in South Portland, in order to build its first branch available to the general community. Existing structures were torn down and the credit union’s new building is going up.
Laurie Schreiber December 6, 2019Portland fintech to acquire U.S. Bancorp subsidiary
Staff Updated: November 26, 2019Foreside Financial Group, a Portland-based provider of compliance technology and services for the asset management industry, plans to acquire a subsidiary of U.S. Bancorp.
Staff Updated: November 26, 2019
Travis Mills headlines FAME event with life lessons and humor
Renee Cordes November 22, 2019Three banks, a manufacturing startup, an educator who champions financial literacy and the state's trade association for loggers were all honored Thursday evening by the Finance Authority of Maine.
Renee Cordes November 22, 2019
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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