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GO Lab, an innovative, building products manufacturer based in Belfast, has received a $250,000 award from the U.S. Forest Service’s Wood Innovations Grant program. The grant will assist GO Lab in its mission to disrupt and transform the
Mount Desert Island Biological Laboratory in Bar Harbor received an award of nearly $18 million from the National Institute of General Medical Sciences, an institute of the National Institutes of Health, for the renewal of a grant to strengthen
Maine Department of Economic and Community Development Commissioner Heather Johnson announced Monday that Charlotte Mace is the department’s new Director of Business Development and Innovation.
Wellness Connection of Maine CEO Patricia Rosi made the list of “Glass Ceiling Wreckers: 2019 Power Women of Cannabis” by Cannabis Business Executive, an integrated media company serving the global marijuana industry. This is the third year Rosi has
GenoTyping Center of America has been awarded a $37,500 grant from Maine Technology Institute to help the rapidly growing company expand its Waterville laboratory.
The University of Maine and the U.S. Department of Energy’s Oak Ridge National Laboratory announced Thursday a new research collaboration to advance efforts to use wood fiber in 3D printer manufacturing. The $20 million initiative is seen as a
Covetrus Inc. and IDEXX Laboratories Inc.
Like some of its products, cultivated from the cells, strands and science of living organisms, Maine’s biotechnology industry has grown organically.
IDEXX Laboratories Chairman and CEO Jonathan Ayers and his wife, Helaine, have established a foundation that will support conservation of the estimated 40 species of wild cats around the world.
With Jackson Laboratory’s Ellsworth operations well underway, the nonprofit biomedical research institution says it will now hire 300 new employees.
Portland-based animal health group ImmuCell Corp. (Nasdaq: ICCC) said Friday that it sold $9 million in shares of common stock, which it plans to use towards product expansion.
The U.S. Department of Commerce's Economic Development Administration has awarded a $1.6 million grant to the Southern Aroostook Development Corp. of Houlton to help build an industrial building that will make laboratory research mouse feed.
A biosciences hub is in the early stages of developing a network that would foster cooperation and growth of the industry in Maine and Northeast.
Maine has a new big dog in its small pack of publicly traded entities as shares of animal-health technology and services company Covetrus Inc. began trading on Nasdaq Friday.
IDEXX Laboratories Inc. (Nasdaq: IDXX) on Friday reported higher-than-expected fourth-quarter earnings, driven by strong global demand for animal diagnostics and lower corporate taxes.
Sen. Nathan Libby, D-Lewiston, is sponsoring a bill, LD 149, that would ask voters to approve a $250 million bond issue to ease student debt. Under Libby’s proposal, if voters approved, the $250 million bond would fund a program administered by the Finance Authority of Maine to help pay off student loan debt for individuals who agree to live and work in Maine for five years. It also would reimburse employers that make student loan debt payments on behalf of their employees who agree to live and work in Maine for five years.
Andrea Cianchette Maker, a partner at Pierce Atwood, testified in support of the bill on behalf of Acadia Insurance and IDEXX Laboratories. Citing figures from the Project on Student Debt, Maker noted the average student loan indebtedness for Mainers is $31,364, which is 10th highest in the nation. In total, she said, Mainers owe more than $6 billion in student debt.
“If enacted, LD 149 could be a game-changer for our state,” Maker wrote. “It will significantly help Maine attract and retain a desperately needed future workforce by helping our workers get out from under college debt in an expedited manner. After that debt is paid, they will be fully engaged in Maine's economy and in a much better position to invest in their futures here in Maine, from buying a first home to raising a family.”
At its May 9 public hearing, the bill received support from Behavioral Health Community Collaborative, Maine Association of Realtors, Maine State Employees Association, AARP Maine, Finance Authority of Maine, Maine Tourism Association, Lewiston Auburn Metropolitan Chamber of Commerce and a number of individuals who shared personal stories about how their student debt adversely affects their lives.
Of the 27 people testifying at the hearing, only a few opposed Libby’s bill outright — essentially saying the state’s resources are not unlimited and the bond would divert funding from other essential needs.
The fiscal statement attached to the bill indicates a 10-year $250 million bond would require another $65.3 million to pay off at a 4.75% interest rate, for a total cost of $315.3 million.