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Banking & Finance
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New venture fund to invest in western and central Maine
June 5, 2018Opus Ventures, a Portland-based private capital and investment firm, and the Skowhegan Savings Charitable Foundation have created the Western Maine Venture Fund to support early-stage companies in central and western Maine.
June 5, 2018Merrill Lynch settles with Maine over its unnecessary fees for NextGen investors
May 30, 2018Maine has reached a settlement with Merrill Lynch, Pierce, Fenner & Smith Inc. following an investigation that determined the investment firm steered some Mainers' NextGen college savings into a higher-fee plan that was better suited for shorter
May 30, 2018Aroostook County organic potato farmers file for bankruptcy
May 30, 2018The former owners of the organic potato farm Wood Prairie Family Farm in Bridgewater have filed for bankruptcy protection.
May 30, 2018Early-stage businesses advance with some coaching help from Gorham Savings
May 29, 2018Fifteen small businesses, including North Spore Mushroom Co., Two Fat Cats Bakery and Tito Masonry & Construction recently participated in a new five-part workshop series offered by Gorham Savings Bank to help southern Maine entrepreneurs better
May 29, 2018
NBT Bank's niche: Clients too small for the larger banks and too big for the smaller banks
May 28, 2018Kimberly Twitchell is Maine regional president for NBT Bank, whose parent company, NBT Bancorp (NASDAQ: NBTB), is headquartered in Norwich, N.Y., and has more than $9 billion in assets. NBT has been in Maine since 2014.
May 28, 2018
Portland startup wins $25K prize in Thursday's Top Gun Showcase finals
May 25, 2018Erica Schmitz, founder of the Portland startup MyBodyModel, is the winner of the $25,000 cash prize awarded Thursday night at the Top Gun Showcase finals held at the University of Southern Maine's Hannaford Hall.
May 25, 2018
New Markets Tax Credits now available through EMDC affiliates
May 23, 2018Eastern Maine Development Corp. learned earlier this month that three of its affiliates have become certified as Community Development Entities, a federal designation that allows them to participate either directly or indirectly in the New Markets
May 23, 2018
CEI launches ‘Wicked Fast Microloans’ for small businesses
May 22, 2018Coastal Enterprises Inc. has created a new microloan product that's intended to help small businesses that need capital quickly to address needs ranging from equipment breakdowns to scaling up operations in order to take advantage of unique
May 22, 2018
Maine Credit Union League revamps website
May 22, 2018The Maine Credit Union League has given its website a makeover, updating both its look and content.
May 22, 2018
Greenlight Maine extends submissions period for Season 4
May 18, 2018Due to the high volume of entries the deadline for submissions for Season 4 of Greenlight Maine has been extended to June 1 at 11:59 p.m.
May 18, 2018
Gorham Savings Bank announces LaunchPad finalists
May 18, 2018Gorham Savings Bank announced on Thursday the five Maine businesses selected as the finalists of its annual LaunchPad small business competition.
May 18, 2018
Front Street Shipyard begins long-awaited expansion
May 14, 2018Front Street Shipyard in Belfast announced Friday that it has finalized the financing it needed to begin construction of a new facility adjacent to its existing yard on the Belfast waterfront.
May 14, 2018
Androscoggin Bank beefs up its lending staff
May 14, 2018Androscoggin Bank, which has $955 million in assets and 15 offices, has brought on several key hires to oversee the bank's lending operations.
May 14, 2018Top Gun names finalists who’ll compete for $25K prize
May 11, 2018The Maine Center for Entrepreneurs and its partners — the University of Maine, The Lewiston Auburn Economic Growth Council and Gulf of Maine Research Institute — named 10 winners of the 2018 Top Gun Program's semi-final pitch events.
May 11, 2018
'Mission is far from over' as CEI marks 40th anniversary
May 10, 2018The seeds of community economic development sown by CEI since its founding 40 years ago by Ron Phillips have multiplied hundredfold, with more than 2,700 businesses financed, almost 38,000 full-time jobs created and roughly 56,000 people receiving
May 10, 2018CEI Ventures closes $500K investment in Biddeford startup
April 30, 2018CEI Ventures Inc., a for-profit subsidiary of CEI that has made over $28 million in direct investments in 55 companies since its founding in 1994, announced today that it has closed on a $500,000 minority investment in a Biddeford startup.
April 30, 2018
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