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Portland-based digital therapeutics startup MedRhythms said it has closed its $5 million venture-capital financing round with investments from the Maine Venture Fund and the Maine Technology Institute, among others.
Saint Joseph's College will receive a $182,845 grant from the National Science Foundation for the college's “Chemistry for the Community” initiative.
The Maine State Society for the Protection of Animals said Tuesday that it received a $200,000 grant to support its general operations and planned expansion of its equine rehabilitation facility in Windham.
Key Bank has appointed Stephen F. Jordan as vice president, mortgage market manager, as part of a ramping up of its New England sales team to better serve clients seeking to buy homes in Maine and Vermont.
Lisbon, a town of more than 9,000 in eastern Androscoggin County, has given out nearly $400,000 in economic development loans in the past five years to grow its small-business base.
The Frances Hollis Brain Foundation Fund at the Maine Community Foundation has awarded 31 grants totaling $175,740 to nonprofit organizations that serve disadvantaged, underserved, and/or vulnerable communities in Maine.
The board of Finance Authority of Maine approved a direct loan of $495,000 to Forefront Commons I LLC to help renovate a historic former rail building as part of a larger construction project at Thompson's Point in Portland.
Six small businesses in southern Maine have received nearly $530,000 in federal grants from two USDA Rural Development programs.
The U.S. Small Business Administration and the Maine Technology Institute will host an event in Portland on Friday that will give Maine small businesses a chance to meet program managers and senior staff of federal agencies that provide grant
Franklin Savings Bank is celebrating its 150th anniversary by setting up a fund that will make donations to nonprofits in its coverage area.
Aeris, the independent rating and information service for community investment funds, has given strong ratings to Coastal Enterprises Inc. for its fund management and the social impact of its community investments.
Less than two months after the death of Sterling Kozlowski, KeyBank's Maine market president, the bank has named his successor.
Bangor Saving Bank opened the first building at its new waterfront headquarters.
SBA's regional New England Administrator Wendell Davis drove up from Boston last week to see what Our Katahdin was up to at the shuttered Great Northern Paper mill site in Millinocket. He toured the mill site and then sat down with representatives
KeyBank announced Monday that Raymond T. (Chip) Kelley has been named its Maine market president, in addition to his current role as commercial sales leader for Maine, New Hampshire, and eastern Massachusetts.
Jeanne Hulit, who served as acting administrator of the U.S. Small Business Administration under President Obama, will take the reins of Maine Community Bancorp in October as its single president and CEO.