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Biotechnology

  • Jackson Lab receives $12.5M grant for Ellsworth expansion

    Staff February 6, 2018

    Maine Technology Institute awarded a $12.5 million grant to The Jackson Laboratory to support construction of a state-of-the-art research mouse production facility in Ellsworth.

    Staff February 6, 2018
  • Vets First Choice will build $20M corporate facility in Portland

    Staff February 6, 2018

    Vets First Choice, a Portland company that provides technology-enabled care services for veterinary uses, will build a $20 million corporate facility in Portland.

    Staff February 6, 2018
  • IDEXX boosts retirement contributions in wake of tax reform

    Renee Cordes February 2, 2018

    IDEXX Laboratories Inc. (NASDAQ: IDXX), Maine's largest publicly traded company, on Thursday announced plans to share the benefits of federal tax reform with employees by paying more into their retirement plans.

    Renee Cordes February 2, 2018
  • Maine-based group acquires Old Town pulp mill complex

    Staff February 1, 2018

    OTM Holdings LLC is the new owner of the former Old Town pulp mill complex, with plans to redevelop the site into a wood-fiber-based complex comprised of multiple tenants.

    Staff February 1, 2018
  • IDEXX files proposal for expansion in Westbrook

    January 2, 2018

    IDEXX Laboratories, Maine's largest publicly traded company, will hold a public meeting next week to outline an expansion of its headquarters.

    January 2, 2018
  • Cate Street Capital to back hydroponic project at St. Joseph's College

    January 2, 2018

    Cate Street Capital of Portsmouth, N.H., is backing a new hydroponics operation called Organic Nutrition Inc., which plans to grow farm-raised fish, and use the fish waste to grow produce.

    January 2, 2018
  • With expansion nearing completion, ImmuCell girds for FDA vetting

    Mainebiz Staff November 27, 2017

    ImmuCell Corp., a publicly traded animal health company, is gearing up for more growth with a new, $20.8 million Portland production site.

    Mainebiz Staff November 27, 2017
  • ImmuCell Corp. completes $20M facility in Portland

    Staff November 10, 2017

    ImmuCell Corp. (Nasdaq: ICCC), a growing animal health company based in Portland, has completed the construction phase of its $20 million production facility.

    Staff November 10, 2017
  • UNE lands $1.3M grant to develop new technologies for seaweed production

    Staff October 16, 2017

    The United States Department of Energy awarded the University of New England a three-year, nationally competitive research grant for $1.32 million to develop technologies that will enable the United States to become a leading producer of seaweed.

    Staff October 16, 2017
  • $1.5M grant advances research of therapy drug for heart attack victims

    Renee Cordes September 12, 2017

    Novo Biosciences Inc., a spinoff of the MDI Biological Laboratory in Bar Harbor, will use $1.5 million in federal research funding to study the effectiveness of a potential regenerative medicine therapy for heart attack patients.

    Renee Cordes September 12, 2017
  • $11M grant funds MMCRI's research of obesity and other metabolic diseases

    Staff September 7, 2017

    The National Institutes of Health awarded the Maine Medical Center Research Institute a five-year, $11 million grant to establish a multidisciplinary research center focused on human metabolic diseases such as obesity and diabetes.

    Staff September 7, 2017
  • MDI Biological Lab summer program put 32 undergrads in labs

    August 31, 2017

    The MDI Biological Laboratory put 32 interns in research and lab facilities across the state, 20 of the participants supported by Maine INBRE, a network of 13 Maine educational and research institutions led by the laboratory.

    August 31, 2017
  • Vets First Choice CEO talks about global expansion, acquisitions

    Lori Valigra July 27, 2017

    Direct Vet Marketing last week raised $223 million, a record amount for a Maine-based company in at least two decades. CEO Benjamin Shaw has big plans for the infusion, including expanding into Europe and Asia by year's end and actively seeking

    Lori Valigra July 27, 2017
  • NIH awards $20M grant to Maine Medical Center Research Institute

    Staff July 24, 2017

    The National Institutes of Health has awarded $20 million over five years to the Maine Medical Center Research Institute and its partners to establish the Northern New England Clinical and Translational Research Network.

    Staff July 24, 2017
  • Where will Maine's STEM students go to work?

    Lori Valigra July 10, 2017

    Amid the recent buzz of entrepreneurs at Maine Startup and Create Week, I talked to Kevin Strange, president of the MDI Biological Laboratory in Bar Harbor, about his take on entrepreneurship and STEM education in the state.

    Lori Valigra July 10, 2017
  • Shaw named EY's regional 'entrepreneur of year'

    Staff July 5, 2017

    EY, a multinational professional services firm based in the United Kingdom, presented its Entrepreneur of the Year 2017 Award for New England to Benjamin Shaw, founder and CEO of Portland-based Vets First Choice.

    Staff July 5, 2017

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Today's Poll

Have your consumer spending habits changed?
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Poll Description

U.S. retail sales continued to grow in May but not at the pace of previous months, the National Retail Federation reported last week.

Total retail sales, excluding automobiles and gasoline, were up 0.49% seasonally adjusted month over month and up 4.44% unadjusted year over year in May, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation. That compared with increases of 0.72% month over month and 6.76% year over year in April.

Sales of digital products were up last month (by 1.81%), but sales of general merchandise and clothing and accessories were flat.

Declines were reported for electronics and appliances (by 1.98%), furniture and home furnishings (0.24%) and building and garden supply stores (2.3%).

“While momentum remains, the nature of consumer spending is shifting as economic uncertainty increases. Consumer fundamentals haven’t been damaged yet, and a slowing-but-still-growing job market is supporting household priorities ahead of any meaningful price increases in the coming months," said Matthew Shay, president and CEO of the National Retail Federation.