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The Camden select board this week moved forward a redevelopment proposal for a former tannery site. The proposal, focused on entrepreneurial space, was amended to include workforce housing.
The city is taking its 2019 strategic plan seriously, and has launched initiatives to encourage and support both residential and commercial development, many of which are bearing fruit.
The city of Portland is seeking bids for the first phase of reconstructing a major downtown intersection adjacent to Congress Square Park and the Portland Museum of Art.
The 150,000-square-foot building was one of four adjacent properties acquired with a vision to gradually redevelop the industrial side street into a residential and retail neighborhood.
A survey of 500 business leaders from 35 industries statewide found that many remain unsure about what the next 12 months will bring, despite the fact that optimism strongly outweighs pessimism.
Lyman-Morse Boatbuilding is pitching the town on a public-private partnership to upgrade harbor infrastructure. Goals include growing the transient-boater market and visitor spending. But some residents worry about more boat congestion.
The free, public internet access has connected more than 500,000 users since it launched in August 2018, and has been a boon for downtown businesses and customers.
The 2021 Business Leaders of the Year include the leaders of Landry/French Construction, who are making an impact statewide, from reshaping Waterville to preparing an Abbott Laboratories building in Westbrook for COVID-19 test production.
The investment consists of $26.2 million in state and federal tax credits, plus a $4.2 million subsidy, to build or renovate nine developments across the state.
Joshua Broder, CEO of Tilson, told Mainebiz that the initiative is about building a talent pipeline for the longer term.
The American Rescue Plan passed by the House on Wednesday includes funding for the broadband industry, restaurants and live entertainment venues, among other businesses targeted for relief.
The state rose five notches in the annual analysis by U.S. News & World Report, but lagged most others in the East when it came to economic conditions. Maine's business environment ranked as one of the worst in the country, according to the
"Our interest for whatever part we may sell is to find a like-minded entity to carry on the tradition of maintaining and working pier and a working waterfront," Charlie Poole of Proprietors of Union Wharf told Mainebiz on Monday.
While many companies tend to be skittish about taking stands on politics and world events, the deaths of George Floyd, Ahmaud Arbery and Breonna Taylor were somehow different.
The city, which launched a new economic development structure in November to make it easier for developers to do business there, says the property listings are a way to spur growth.
University of Maine President Joan Ferrini-Mundy, formerly chief operating officer of the National Science Foundation, has been asked to expand her leadership role to include an additional appointment as UMaine System Vice Chancellor for Research