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Economic Development

  • Middle market firms enter foreign markets cautiously, strategically: study

    Lori Valigra July 14, 2015

    Of the 619 middle market firms in Maine, only 19 are involved in exporting, according to a new study.

    Lori Valigra July 14, 2015
  • High speed ahead: South Portland joins Rockport in upgrading its fiber optic network

    James McCarthy July 13, 2015

    Bob O'Brien, one of the owners of the Noyes Hall & Allen Insurance Co.

    James McCarthy July 13, 2015
  • Maine counties see negative business growth, average new building permits

    Lori Valigra July 13, 2015

    York County is doing better than other Maine counties in business growth, though all business growth in the state was in the red, according to a new study by SmartAsset, a financial modeling and technology company based in New York.

    Lori Valigra July 13, 2015
  • Burt's Bees co-founder Burt Shavitz dies

    July 6, 2015

    Burt's Bees co-founder Burt Shavitz, who claimed last year that he was ousted by co-founder Roxanne Quimby, has died at the age of 80.

    July 6, 2015
  • Eight entrepreneurs get SCORE 'Success Awards'

    Lori Valigra June 26, 2015

    SCORE, the largest collaborative mentoring organization in Maine, handed out its “Success Awards” to eight entrepreneurs Thursday in a partner event with Maine Startup & Create Week.

    Lori Valigra June 26, 2015
  • Maine Medical Center Research Institute attracts top scientists, licenses discoveries

    Lori Valigra June 15, 2015

    When University of Maine, Orono, alumni knocked on Peter Brooks' laboratory door at New York University in 2001 to tell him he'd won the inaugural Maine Alumni Association Spirit of Maine Achievement Award for work reflecting the high standards of

    Lori Valigra June 15, 2015
  • Microsoft surprises 3 Top Gun finalists with $60K each in services; Rapport takes $10K prize

    Lori Valigra June 4, 2015

    Sustainability software company Rapport took the $10,000 prize at the Top Gun Showcase Wednesday night at the University of Southern Maine. What stole the show, however, was the extra $60,000 Microsoft Corp. ponied up for each of the top three

    Lori Valigra June 4, 2015
  • CEI's Ron Phillips to step down in 2016

    June 3, 2015

    Ron Phillips, CEO and president of Coastal Enterprises Inc., is planning to retire next year, nearly 40 years after he founded the nonprofit.

    June 3, 2015
  • Maine gets $2.3M to redevelop industrial sites

    June 1, 2015

    Six Maine communities and groups are receiving $2.3 million in federal grants to assess, clean up and redevelop contaminated properties.

    June 1, 2015
  • Aroostook County initiative touts potential of a 'forest products cluster'

    James McCarthy June 1, 2015

    The Aroostook Partnership for Progress, a public-private organization created to spur economic development in Maine's northernmost county, is leading a grassroots effort to advance the forest products sector as a “cluster” with a strong potential

    James McCarthy June 1, 2015
  • FAME bills emphasize economic and workforce development

    James McCarthy June 1, 2015

    In his first legislative session as CEO of the Finance Authority of Maine, Bruce Wagner says his message to lawmakers emphasized the agency's effectiveness in supporting the creation of good-paying jobs through its economic development and educati

    James McCarthy June 1, 2015
  • LePage backs out of helping Nova Star Cruises

    May 26, 2015

    The widely held notion that Gov. Paul LePage would help Nova Star Cruises obtain a $5 million line of credit has been dispelled by the governor’s top economic development official.

    May 26, 2015
  • New firm expands CEI’s small business lending

    May 14, 2015

    Coastal Enterprises Inc. (CEI) has launched a new national firm that aims to lend up to $5 million to small businesses that can’t obtain loans from conventional sources.

    May 14, 2015
  • Developer loses court battle over failed project

    May 14, 2015

    A Connecticut-based developer must pay the town of Wiscasset nearly $850,000 in back property taxes for a mixed-use project that never saw the light of day, a court has ruled.

    May 14, 2015
  • Maine Development Foundation CEO steps down

    Dylan Martin May 13, 2015

    Maine Development Foundation CEO and President Harold Clossey unexpectedly stepped down last month, the second top leadership change in two years.

    Dylan Martin May 13, 2015
  • Former Wilton tannery to be redeveloped

    May 7, 2015

    A proposal to redevelop a former tannery in Wilton is moving ahead after town officials approved the building’s sale to two brothers.

    May 7, 2015

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Today's Poll

Has this summer's rainy weather affected business?
Choices
Poll Description

The 2025 summer tourism season has gotten off to a rainy start, with rain affecting at least part of each weekend so far.  

For businesses like wedding venues, tour boats or restaurants that depend on outdoor seating, rain can put a damper on attendance and sales. 

Office-based businesses may not be as affected.

And farms, orchards and nurseries may welcome rain — as long as it doesn't come with high winds or all at once.