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Economic Development
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Feeling impact of pandemic, WEX posts double-digit drops in Q3 revenue, earnings
Updated: October 29, 2020"Our sales momentum continues to be strong which is important to meeting our long-term growth targets and creates confidence in the future of WEX," said Melissa Smith, chair and CEO of the Portland-based financial technology service provider.
Updated: October 29, 2020
Startup Maine series debuts with 'bold ideas' to support entrepreneurs
Updated: October 28, 2020"If there's a single problem, it's getting more people into this realm of making stuff," Waterville-based expert Nick Rimsa told viewers of Tuesday's webinar, for which close to 100 people had registered.
Updated: October 28, 2020
Versant Power begins $5M rate relief effort for low-income customers
October 27, 2020Versant Power, formerly Emera Maine, said Monday that it is beginning to distribute $5 million in relief to low-income customers in northern and eastern Maine.
October 27, 2020
Westbrook nonprofit seeks funds to keep new mission going
Updated: October 22, 2020My Place Teen Center, which has provided free dinners to families in need during the pandemic, is facing a deficit of more than $300,000 from major contributors it has traditionally counted on to maintain critical operations.
Updated: October 22, 2020
Giving Notebook: MCF awards broadband grants, credit union helps cancer patients
Updated: October 26, 2020The Maine Community Foundation has awarded more than $117,000 in grants to improve high-speed internet access, while Town & Country Federal Credit Union and Maine Cancer Foundation are teaming up to provide $40,000 to cancer patients affected by
Updated: October 26, 2020
‘Ecovillage’ and affordable housing pitched for Camden’s former tannery site
October 21, 2020Since the town acquired the 3.5-acre brownfield site, formerly home to a tannery, plan-making and discussions of redevelopment have often been contentious.
October 21, 2020
More Maine farmers can apply for federal drought relief
Updated: October 21, 2020Farmers in 14 of Maine's 16 counties can now apply for drought relief from the U.S. Department of Agriculture. The available relief includes emergency loans and other aid from the USDA's Farm Services Agency.
Updated: October 21, 2020
Statewide participation is new element of this week's GrowSmart Maine 2020 Summit
October 20, 2020GrowSmart Maine's 2020 Summit Thursday will have two of the features it's known for — two keynote speakers who have a dialogue with the audience, and "city experience" walking tours.
October 20, 2020
Future of Maine's economy has been thrown into flux, MEREDA conference told
October 19, 2020The future of the state's economy rests on coronavirus response, the effectiveness of a vaccine, real estate changes brought on by the pandemic, but also on climate change and worker migration, economist Charles Colgan said at the MEREDA fall
October 19, 2020
UMPI is now also a grad school, as it launches first master's degree program
Updated: October 20, 2020UMPI's new master's program in organizational leadership, the first graduate program in the school's 117-year history, will start with a cohort of 15 students this fall.
Updated: October 20, 2020Tax credit program for Maine investors and businesses has availability — but time is running out
October 16, 2020Time is running out but the Maine Seed Capital Tax Credit Program has $7 million in tax credit authority available for use by investors and Maine businesses for the remainder of calendar year.
October 16, 2020
Thomaston is still looking for the right idea at former state prison site
Updated: October 19, 2020The Maine State Prison in Thomaston was torn down in 2002, and the town bought the 15.6-acre site in 2005. Developers have floated Ideas for building there, but today prospects for doing so are more uncertain than ever.
Updated: October 19, 2020
Portland cold storage plan moves ahead
October 14, 2020After clearing the final regulatory hurdle with the city of Portland, the next step is for the developer to issue a request for proposals for a design build contractor, Maine Port Authority CEO Jonathan Nass told Mainebiz.
October 14, 2020
UNE to build $70M medical school in Portland
Updated: October 13, 2020The University of New England expects to break ground in spring 2022 on a project that will be partly financed by a $30 million gift from the Harold Alfond Foundation.
Updated: October 13, 2020
Details emerge on use of $500M in grants from Harold Alfond Foundation
October 7, 2020The Harold Alfond Foundation announced grants totaling $500 million to eight Maine schools, research institutes and other organizations. Two of the recipients on Wednesday unveiled plans for the use of the funding.
October 7, 2020
Bank breaks ground on $8M Westbrook operations center
Updated: October 7, 2020Ten months after a merger, the parent company of Biddeford Savings and Mechanics Savings broke ground on a 23,000-square-foot operations center that will serve as a "bridge" between its principal markets.
Updated: October 7, 2020
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