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Economic Development

  • Eastport lands $6M infrastructure grant

    September 2, 2013

    The Port of Eastport will get a $6 million federal grant to replace its breakwater, which protects the port from damage by waves. 

    September 2, 2013

  • Cervone resigns post at Maine Development Foundation

    August 25, 2013

    In a surprise announcement, the Maine Development Foundation's board of directors announced Friday the resignation of  Edmund J. Cervone as CEO and president.

    August 25, 2013

  • Conservative think tank crafts plan to nix income tax

    August 22, 2013

    The conservative Maine Heritage Policy Center plans to lobby state lawmakers to support its plan for eliminating the state’s income tax gradually, starting in the poorest counties, a plan it says will boost the economy.

    August 22, 2013

  • Hulit tapped as interim head of SBA

    August 21, 2013

    U.S. Small Business Administrator Karen Mills has selected Jeanne Hulit, a former economic development official in Maine, to serve as the agency’s acting administrator, a Cabinet-level position.

    August 21, 2013

  • Agreement near on Congress Square Plaza sale

    August 19, 2013

    Portland has reached a tentative agreement to sell two-thirds of Congress Square Plaza to the company renovating the former Eastland Park Hotel, according to Greg Mitchell, the city's director of economic development.

    August 19, 2013

  • UMaine Machias scores aquaculture grant

    August 12, 2013

    The University of Maine at Machias has won a $600,000 grant from the National Science Foundation to study the potential aquaculture market for blue mussels and Arctic surf clams in Maine.

    August 12, 2013

  • State launches business help site

    August 1, 2013

    Maine’s economic development agency has launched a new Web portal aimed at cutting red tape for new businesses registering with the state.

    August 1, 2013

  • MDF ranks most-sought jobs in state

    July 25, 2013

    Registered nurses and retail salespeople are the most-wanted workers in Maine, according to a report from the Maine Development Foundation released Wednesday.

    July 25, 2013

  • MTI awards $1.66 million to 27 companies

    July 24, 2013

    The Maine Technology Institute has awarded grants and loans totaling more than $1.66 million to 27 Maine companies in its latest round of funding.

    July 24, 2013

  • Seed capital bill to become law unsigned

    July 23, 2013

    A bill to restore Maine’s seed capital tax credit program, which provides a hedge against investment in Maine-based startup companies, will go into law without the signature of Gov. Paul LePage.

    July 23, 2013

  • Bangor airport, C&L to benefit from federal grant

    July 16, 2013

    A federal development authority awarded the Bangor International Airport a $579,000 grant to make improvements to a hangar that will house a new painting operation for C&L Aerospace, an expansion expected to add over 50 workers over the next y

    July 16, 2013

  • Bangor nears hotel deal with Ocean Properties

    July 8, 2013

    The city of Bangor is nearing the sale of a 3.13-acre lot to Ocean Properties, which seeks to develop a 130-room hotel adjacent to the new Cross Insurance Center.

    July 8, 2013

  • Inaugural Celtic music festival targets cultural tourists

    James McCarthy July 8, 2013

    Phill McIntyre has been like a patient gardener cultivating the seed of an idea that came to him about a decade ago at the Celtic Colours International Festival in Cape Breton Island, Nova Scotia.

    James McCarthy July 8, 2013

  • FedEx Ground facility planned for Hermon

    July 1, 2013

    International shipper FedEx is expected to begin work on an 85,000-square-foot, $8 million distribution center in Hermon this summer.

    July 1, 2013

  • Mainers' personal income drops 1% in Q1

    June 28, 2013

    Personal income in Maine declined by an average of almost 1% in the first quarter of 2013, according to estimates released today by the U.S. Bureau of Economic Analysis.

    June 28, 2013

  • Outstanding bond packages put on hold

    June 20, 2013

    The Legislature's appropriations committee expects to put around $1.2 billion in bond proposals on hold until January as lawmakers focus on inking a spending plan and dealing with around 100

    June 20, 2013

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Today's Poll

Has this summer's rainy weather affected business?
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. 

More Information