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Taking advantage of lower borrowing costs to shrink its debt burden, Portland International Jetport will reap close to $15 million in savings from a bond sale this week that was 5.7 times oversubscribed.
In need of more space — and signage — NBT Bank has moved from the Pierce Atwood building in Portland to 5 Widgery Wharf on the waterfront.
The new Portland-based regional marketing manager for Skowhegan Savings explains why he made the transition from a larger regional bank, and what makes banking in Maine special.
A guest writer recommends practical steps businesses can take to identify the best lending partner for their needs.
Although Maine legalized medical marijuana in 2010 and recreational use of the drug in 2016, the state's cannabis industry is as reliant on cash transactions as it was before legalization.
A reader clarifies a recent Mainebiz article about tax-smart ways of obtaining tuition assistance.
This issue’s focus on banking and finance looks at two trends with different directions but significant potential.
The University of New England has received high marks from Fitch Ratings, on both the school's $85 million in revenue bonds and its overall issuer default rating.
Camden National Bank this week awarded $22,000 in grants to six leaders of Maine nonprofit organizations.This year, more than 55 nonprofit board members were nominated by the community for a Leaders & Luminaries Award.
The Augusta-based bank said that in addition to providing residential and commercial loans, the Freeport branch now offers checking and savings accounts, personal lending, online and mobile banking, and more.
Lifetime achievement, small business and large business Kenney Award winners have been named, but three other awards — the President's Choice, Cynergy Young Professional and Community service awards will be chosen by audience at the Jan. 24 banquet.
TD Bank, which operates 49 retail banking branches in Maine, may soon have one fewer. The branch at 481 Congress St. plans to close early next year.
In this weekly feature sponsored by Norway Savings Bank, we look back at stories that have appeared in Mainebiz during our first 25 years. In 2015, we honored nine businesses as the state's fastest-growing companies. Three of them have since been
Just in time for Halloween, a new study says Maine has one of the country’s highest rates of foreclosures on so-called “zombie” real estate properties.
Three banks doing business in Maine — Northeast Bank, Katahdin Bankshares and NBT Bancorp — reported gains in earnings for the recent quarter.
Portland, Biddeford, Lewiston and MaineHousing will share federal grant money that will help reduce the danger of lead-based paint and other lead hazards, a project that will include 750 households.
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 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 MoreWork 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 MoreWhether 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 moreThe 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 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.
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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