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Economic Development
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Q&A: Co-working venue helps revitalize Bath, while diverse users find space during COVID
November 16, 2020Opened in May 2019 in a historic downtown building as a membership-based co-working, private-office and events venue, Union + Co members during the pandemic include workers and students displaced from offices and campuses.
November 16, 2020
Machias Savings bulks up leadership to pursue growth, keep community links
Updated: November 13, 2020The plan includes a newly created role of chief banking officer, a chief data analytics and products officer and four new regional senior vice president positions. Three of those four have been named.
Updated: November 13, 2020
UNE to expand career options with new undergrad degree in pharmacy science
Updated: November 12, 2020The undergraduate degree is intended to be a pathway allowing students to pursue additional career options, including ones that draw on interdisciplinary studies.
Updated: November 12, 2020
Maine's clean energy boom will help offset COVID's economic toll, report predicts
Updated: November 11, 2020A 43-page policy report, by the Governor’s Energy Office and Governor’s Office of Policy Innovation and the Future, explores the momentum within Maine’s clean energy economy.
Updated: November 11, 2020
UMPI unveils new nursing lab after $800K renovation
Updated: November 10, 2020By 2021, the John Lisnik Nursing Simulation Center will accommodate more than 100 nursing students pursuing a bachelor of science degree through the University of Maine at Fort Kent on the University of Maine at Presque Isle campus.
Updated: November 10, 2020
Big Gig business pitch contest set to kick off delayed season
Updated: November 9, 2020Delayed because of the pandemic, the 2020-21 season is scheduled to start on Nov. 17 with the first of four virtual events in which entrepreneurs compete for a $500 cash prize. Those winners vie in the Big Gig Grand Finale for a $5,000 prize.
Updated: November 9, 2020
Tech startups sought for Roux Institute residency program
November 6, 2020The Roux Institute Startup Residency is set to formally start in January 2021 with three to five participating companies.
November 6, 2020
Portland-based Tilson gets $3.7M to expand broadband in rural Vermont
Updated: November 5, 2020The funds, awarded through two state initiatives, are targeted at locations needing broadband service for remote learning and for accessing telehealth resources.
Updated: November 5, 2020
Maine is behind in STEM workforce development, but has growth potential
November 4, 2020Better alignment of educational systems with STEM workforce needs will help drive the high-paying STEM economy, Maine Department of Economic and Community Development Commissioner Heather Johnson said during a webinar on the topic.
November 4, 2020
Maine business, nonprofit leaders share 2021 policy 'wish lists' for lawmakers
Updated: November 4, 2020The heads of associations for Maine's hospitality, nonprofit, banking and credit union sectors tell Mainebiz what they want legislators in Washington and Augusta to tackle first when they next convene.
Updated: November 4, 2020
FirstPark in Oakland officially 'pays off the mortgage'
November 3, 2020The 285-acre business park was formed by 24 towns comprising the Kennebec Regional Development Authority in 1999, and funded with a $3.5 million 20-year bond. It was officially paid off this week with a final payment of $256,722.
November 3, 2020
Portland financial firm continues acquisition spree
Updated: November 3, 2020Private equity-backed Foreside Financial Group announced Monday that it has acquired Integrated Compliance Solutions Group, of Hartford, Conn., for an undisclosed amount. The deal is Foreside's fourth strategic buy since early 2019.
Updated: November 3, 2020
Bar Harbor Bank & Trust opens Brunswick branch, a $2.4M new construction
Updated: November 2, 2020Bar Harbor Bank & Trust, which just opened a branch in the Cooks Corner area of Brunswick, has more than 50 locations across Maine, New Hampshire and Vermont. A spokesman told Mainebiz that the company invested $2.4 million in building out the
Updated: November 2, 2020
Cultivator Showcase features 8 small businesses in Maine
October 29, 2020As part of FocusMaine's strategy to grow jobs in Maine, the Cultivator program works to tap into growing regional and global consumer demand for locally produced food and beverages.
October 29, 2020
Broadway opening might be key to making South Portland area more accessible
Updated: November 2, 2020How to enhance a historic swath of South Portland, through potential development and with better services to residents, hinges on a single, heavily trafficked roadway. Demand for access is widening, but the thoroughfare isn't.
Updated: November 2, 2020
Building Business: North Yarmouth’s growth focused on Village Center
Updated: November 2, 2020The town is seeing a wave of development in its most concentrated commercial area, which is becoming a long-planned "Village Green" for the Cumberland County community of 3,800 residents.
Updated: November 2, 2020
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