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Economic Development

  • Maine's cha-cha-cha | An annual report shows Maine's economy taking a couple of steps forward and several steps back

    March 21, 2011

    Maine could do more when it comes to investing in R&D and tackling the high costs of health care and doing business, the Maine Economic Growth Council says in its 2011 Measures of Growth report, released earlier this month.

    March 21, 2011
  • Report: Industry R&D investment needed

    The Mainebiz News Staff March 8, 2011

    Maine should do more to fund R&D for private industry and help startups grow, according to a new report from the Maine Department of Economic and Community Development's Office of Innovation.

    The Mainebiz News Staff March 8, 2011
  • Keep it simple | Reward small businesses for hiring as a way to turn tax burdens into taxpayers

    Stephen Vlachos March 7, 2011

    As I write this, the U.S. Commerce Department is announcing that 36,000 jobs were created during the month of January. Of course, any added job is good news.

    Stephen Vlachos March 7, 2011
  • Report finds mixed economic progress

    The Mainebiz News Staff March 4, 2011

    Maine is performing well in international exports and conservation, but flailing when it comes to meeting benchmarks in R&D expenditures and the cost of doing business, according to a new report from the Maine Economic Growth Council.

    The Mainebiz News Staff March 4, 2011
  • Panel backs amending Informed Growth Act

    The Mainebiz News Staff March 3, 2011

    A legislative panel yesterday voted to amend a bill seeking to repeal the Informed Growth Act to make it optional for municipalities that want it.

    The Mainebiz News Staff March 3, 2011
  • State pulls plug on Gateway 1

    The Mainebiz News Staff March 2, 2011

    Gov. Paul LePage and the Maine Department of Transportation have suspended a years-long transportation initiative aiming to guide development along Route 1 in the midcoast.

    The Mainebiz News Staff March 2, 2011
  • Report: Metro areas drive growth

    The Mainebiz News Staff February 28, 2011

    A new report from Washington, D.C.-based Brookings Institution found that Maine's three metro areas drive 65% of the state's economic output.

    The Mainebiz News Staff February 28, 2011
  • Midcoast chamber boards vote to merge

    The Mainebiz News Staff February 25, 2011

    Two midcoast chambers -- The Penobscot Bay Regional Chamber and the Camden-Rockport-Lincolnville Chamber -- are seeking members' input on merging.

    The Mainebiz News Staff February 25, 2011
  • Racino petition signatures verified

    The Mainebiz News Staff February 22, 2011

    A gambling initiative aiming to establish racinos in Biddeford and Washington County is slated to go before the state Legislature.

    The Mainebiz News Staff February 22, 2011
  • World Cup fuels future plans

    Whit Richardson February 21, 2011

    It’s not hard to imagine the immediate economic impact that occurs when 700 Europeans — athletes, coaches and support staff from 24 countries, television crews from Germany and media from all over — and thousands of spectators descend on a small t

    Whit Richardson February 21, 2011
  • New Atlantica division charts commerce, politics

    February 8, 2011

    Governments collapsing overnight, economies spiraling downwards, anxious political leaders passing protectionist policies, emerging markets and new middle-class consumers are all increasingly relevant to companies, in Maine and elsewhere, that hop

    February 8, 2011
  • Signatures verified for Lewiston casino

    The Mainebiz News Staff February 7, 2011

    A state review has shown that supporters of a casino in Lewiston filed enough valid petition signatures to put the question before the Legislature.

    The Mainebiz News Staff February 7, 2011
  • Navy to hand over BNAS airport

    The Mainebiz News Staff February 4, 2011

    The U.S. Navy on Monday will officially transfer ownership of Brunswick Naval Air Station's airport facility to a civilian group managing its redevelopment.

    The Mainebiz News Staff February 4, 2011
  • Navy OKs BNAS reuse plan

    The Mainebiz News Staff January 28, 2011

    The U.S. Navy has signed off on plans to redevelop the Brunswick Naval Air Station, a crucial step in turning the property over for civilian reuse.

    The Mainebiz News Staff January 28, 2011
  • Fresh start | New GOP control in Augusta raises hopes for Maine's business advocates

    Douglas Rooks January 24, 2011

    Ever since the Republican election sweep on Nov. 2, expectations have been building among business leaders that Maine’s new governor and Legislature will not only share their agenda, but will focus on it throughout their time in office.

    Douglas Rooks January 24, 2011
  • Belfast Stinson site eyed for boatyard

    The Mainebiz News Staff January 13, 2011

    A group of Maine business owners is proposing turning the former Stinson Seafood Co. cannery property in Belfast into a boatyard and manufacturing facility.

    The Mainebiz News Staff January 13, 2011

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Today's Poll

Do you have a side hustle?
Choices
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.