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Portland's working waterfront generates over $800 million in annual economic output, according to the new study. It's the city's first look at the economics of the area in response to an ordinance passed last year.
“This jumped out at us as one of those unmet needs in greater Portland,” said Downs developer Roccy Risbara. A commercial kitchen and landscape contractor are among those showing interest.
State Sen. Nate Libby has worked with Community Concepts Finance Corp. as a consultant on two wellness shelter projects.
The annual Colby Economic Outlook projects that Maine will bounce back by the end of 2022, but that depends on how well service industries recover, federal stimulus, the success of the vaccine rollout and when the COVID-19 surge can be tamed.
On Wednesday, the future USS Daniel Inouye became the first destroyer built at the Bath shipyard to head down the Kennebec River since 2018.
Among the world's wealthiest women, MacKenzie Scott on Tuesday announced over $4 billion in charitable gifts to 384 nonprofits throughout the country.
Officials held a virtual groundbreaking ceremony Tuesday for the 100,000-square-foot complex, where Sun Life Financial Services will relocate 500 employees from southern Maine.
Under an agreement announced Monday, students at Fitchburg State University in Massachusetts will be eligible to enroll in two accelerated degree programs as freshmen, after which those that qualify will continue in a doctoral program at Husson.
This roundup of Maine nonprofit news spotlights Maine Community Foundation's Downeast Innovation Fund grants, and change at the top for Engine in Biddeford.
The economic development organization gave its annual prize to the co-owner of a business that has opened four locations across central Maine in the past 16 years.
The first of five branches in southern Maine is slated to open in June, to be followed by one in Westbrook during October and three others at locations to be determined by the end of 2022.
A total of 13 grants worth a combined $59,250 have been awarded to support indigenous, ethnic or rural arts programs or projects, particularly those serving areas with limited access to arts events.
The 2020 Measures of Growth report says there's reason for optimism about Maine's economy, but short-term issues like racial and ethnic income equality, lack of investment in R&D and poor school math performance must be addressed.
Two more law firms along with WEX and The Jackson Laboratory join the Maine Diversity Summer Associate Program launched by the state's three largest law firms this year.
As the pandemic continues, Maine's record-high unemployment rate is still high. But employers are hiring, and sectors with the biggest job losses last spring now have some of the most openings. Jobs in some sectors are even back at pre-COVID levels.
"Congress needs to act now to better serve patients and health care providers during the pandemic, and to ensure that telehealth remains an option after the pandemic is over," 49 lawmakers including Maine's two senators argue in a letter to