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Economic Development
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Aroostook 'empowerment zone' incentives on hold
March 4, 2013The fiscal cliff deal inked in January extended a program giving some Aroostook County businesses incentives for hiring local workers, but county officials say the extension has not made funds immediately available.
March 4, 2013
Seed capital tax credit program hits its cap
March 4, 2013Josh Davis, co-founder of The Gelato Fiasco, is a big fan of Maine's Seed Capital Tax Credit Program, which his company tapped in 2012 for almost $600,000 in startup capital to expand its wholesale operations into new grocery chains and other reta
March 4, 2013Bangor manufacturer lured to N.H.
February 27, 2013A 39-year-old chemical distribution and manufacturing firm founded in Bangor is moving its headquarters to Pease International Tradeport in Portsmouth, N.H., a move the company's founder says will lower the company's business costs.
February 27, 2013J.P. Morgan projects slow recovery for ME
February 26, 2013Maine will make modest gains but is projected to lag behind national averages for real gross domestic product growth over the next two years, according to a recent assessment by JPMorgan Chase and Co.
February 26, 2013State names new small business advocate
January 23, 2013Secretary of State Matt Dunlap has hired a new small business advocate, replacing the first person hired to the post by outgoing Republican Secretary of State, Charlie Summers.
January 23, 2013
Biddeford's Stevenson courts developers for incinerator site
January 21, 2013Dec. 31 marked the end of an era in Biddeford as Maine Energy Recovery Co. closed its doors after being purchased by the city for $6.5 million.
January 21, 2013Portland co. gets $450K USDA loan to buy post office
January 7, 2013A Portland-based company, 326 Roosevelt Trail LLC, will receive a $456,021 loan guarantee from the U.S. Department of Agriculture to purchase a Casco property leased by the U.S. Postal Service.
January 7, 2013TEST TEST Portland officials: Restoring Nova Scotia ferry offers freight benefits too
December 27, 2012Portland city officials say the potential re-establishment of regular ferry service between Yarmouth, Nova Scotia, and the city could add another commercial freight transportation option to the city’s waterfront in addition to the obvious tourism
December 27, 2012Market Basket expanding to Maine
December 13, 2012The Massachusetts-based grocery chain Market Basket is expanding to Biddeford, according to the Journal Tribune.
December 13, 2012DECD hires new business development director
December 7, 2012The state's top economic development agency has hired two new staff members, including a former staffer for outgoing U.S. Sen. Olympia Snowe.
December 7, 2012
Website targets Portland's 'budding startup ecosystem'
December 3, 2012A new website aims to be the go-to directory for Portland's startup community, helping entrepreneurs navigate local business resources, events and organizations.
December 3, 2012
Q&A: Developer Nathan Szanton talks about his Bates Mill project
November 26, 2012Developer Nathan Szanton's latest project — The Lofts at Bates Mill in Lewiston — brings him deep satisfaction on two counts: it revives a long-vacant mill building and more than half the apartments he built were rented before it formally opened.
November 26, 2012
Auburn expansion keeps Tambrands at forefront of feminine care
November 12, 2012While Auburn's manufacturing sector has historically taken a backseat to its mill-rich neighbor across the Androscoggin, the city has its share of lesser-known industrial accolades.
November 12, 2012[VIDEO] Maine business leaders speak to Washington
November 1, 2012November 1, 2012
Maine developers lead the effort to reuse shuttered schools
October 29, 2012The 40-year history of Avesta Housing's efforts to create affordable housing in southern Maine is neatly laid out in several rows of framed photographs hanging in the front lobby of the nonprofit's headquarters in Portland.
October 29, 2012Somerset County shuttle service to start
October 15, 2012A new public transportation service is slated to start in Somerset County by Thanksgiving.
October 15, 2012
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