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Economic Development

  • Scrutinize tax breaks and low-cost loans before making a capital commitment

    Alison Hinson September 19, 2011

    The lingering recession has forced many business owners to find creative ways to generate revenue and decrease expenses. Fiscal and monetary policies intended to combat the recession have resulted in tax breaks and record-low interest rates.

    Alison Hinson September 19, 2011

  • The better you know yourself, the better you can lead others

    Doug Packard September 19, 2011

    Before leaders can effectively lead others, they must first learn how to lead themselves. Only then can they help others.

    Doug Packard September 19, 2011

  • Census: 12.5% of Mainers in poverty

    The Mainebiz News Staff September 14, 2011

    Nearly 13% of the state's population lives in poverty, while 9% of residents lack health insurance, according to new numbers from the U.S. Census Bureau.

    The Mainebiz News Staff September 14, 2011

  • Metro areas see GDP gains

    The Mainebiz News Staff September 12, 2011

    This item was corrected to reflect the dollar amounts are billions, not millions.

    The Mainebiz News Staff September 12, 2011

  • Obama pitches jobs plan

    The Mainebiz News Staff September 8, 2011

    President Obama addressed a joint session of Congress last night to outline his plan for $447 billion in tax cuts and government spending aimed at creating jobs and strengthening the economy.

    The Mainebiz News Staff September 8, 2011

  • Jacobson leaving Maine & Co.

    The Mainebiz News Staff September 7, 2011

    Matt Jacobson is leaving his job as head of business attraction firm Maine & Co. for a post with a technology company at Brunswick Landing.

    The Mainebiz News Staff September 7, 2011

  • Regional economic group nets $375,000 grant

    The Mainebiz News Staff September 5, 2011

    The Greater Portland Economic Development Corp. has received a $375,000, multi-year grant to fund its job creation and business attraction and retention efforts in the greater Portland area.

    The Mainebiz News Staff September 5, 2011

  • MTI expands funding options

    Carol Coultas September 5, 2011

    Maine Technology Institute, the nonprofit that for 12 years has worked to nurture technology-based startups, is widening its focus, offering new resources and money to help companies develop their businesses as well as their innovations.

    Carol Coultas September 5, 2011

  • $1.7M slated for BNAS reuse

    The Mainebiz News Staff August 30, 2011

    Midcoast Regional Redevelopment Authority is receiving $1.7 million in federal money to help redevelop the former Brunswick Naval Air Station for civilian use.

    The Mainebiz News Staff August 30, 2011

  • Critics question LURC task force

    The Mainebiz News Staff August 29, 2011

    Gov. Paul LePage and lawmakers have named 12 people to a panel to study the future of the Land Use Regulation Commission, but critics argued the appointees are biased against the commission.

    The Mainebiz News Staff August 29, 2011

  • $1M headed for southern small businesses

    The Mainebiz News Staff August 23, 2011

    The Biddeford-Saco Area Economic Development Corp. has been chosen to participate in a U.S. Small Business Administration pilot program to boost loans to small businesses.

    The Mainebiz News Staff August 23, 2011

  • Chamber supports Civic Center bond

    The Mainebiz News Staff August 22, 2011

    The Portland Regional Chamber is backing the Cumberland County Civic Center renovation bond, arguing that the center is an important regional asset that generates close to $20 million in annual economic impact and supports hundreds of jobs.

    The Mainebiz News Staff August 22, 2011

  • MECEP taps new director

    The Mainebiz News Staff August 22, 2011

    The Maine Center for Economic Policy has selected Garrett Martin as its new executive director.

    The Mainebiz News Staff August 22, 2011

  • Public/private efforts travel parallel paths to create a logistics hub between Bangor and Searsport

    Carol Coultas August 22, 2011

    Some might call it kismet. Others, karma.

    Carol Coultas August 22, 2011

  • Small donations and a nonpartisan atmosphere rally Bangor's business community behind a new arena

    Jackie Farwell August 22, 2011

    At the groundbreaking ceremony for Bangor's new arena and convention center, a small crowd huddled under a white tent a few hundred yards away from the booted feet of the Paul Bunyan statue.

    Jackie Farwell August 22, 2011

  • As Bangor embarks on its new arena, Portland weighs three visions for the city's event space

    Jackie Farwell August 22, 2011

    Forefront at Thompson's Point A plan for a $100 million hotel and event center at Thompson's Point will include office space, a performance hall and a 4,000-seat arena for conventions and sporting events.

    Jackie Farwell August 22, 2011

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Today's Poll

Do you have a side hustle?
Poll Description

In the latest installment of our “Made in Maine” series, we visit the Gorham studio of textile designer Erin Flett, who has turned her after-hours basement side hustle into a well-known brand with a national wholesale network.

Nationwide, side hustlers started a record number of businesses during the pandemic. Today, a growing number of younger professionals are supplementing their income with a side job, as shown in a survey by Bankrate, the personal finance website. It found that 34% of Gen Zers (ages 18 to 28) have a side hustle, outpacing millennials (31%), Gen Xers (23%) and boomers (22%).

While some people can turn their side gigs into profitable businesses, others keep hustling their entire working lives –  or have neither the time nor the interest to do so. 

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