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Economic Development
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Portland council approves business assistance programs
Updated: May 6, 2020The city is launching three business loan and grant programs for Portland small businesses and microenterprises that have been hurt by the coronavirus crisis. The programs are expected to begin accepting applications in two weeks.
Updated: May 6, 2020
$317M awarded to small Maine businesses in 2nd bailout round
May 4, 2020The Paycheck Protection Program, which provides forgivable loans to small businesses hurt by the ongoing crisis, was quickly depleted in its first round of funding. But the second round assisted over 9,000 Maine businesses in its first week.
May 4, 2020
Giving Tuesday Now: Maine businesses, nonprofits step up to meet critical needs
Updated: May 5, 2020Town & Country FCU reports a strong start to its "Nonprofit a Day in the Month of May initiative," while Machias Savings Bank expands its Rapid Response grant program during COVID-19.
Updated: May 5, 2020
Creative Portland raises $75K for local artists hit by crisis
Updated: May 4, 2020After exceeding its fundraising goal for the Portland Artist Relief Fund by 25%, Creative Portland plans to send out the first checks later this week.
Updated: May 4, 2020
Business leaders from Portland to Presque Isle concerned about reopening plan
April 29, 2020Soon after Gov. Janet Mills announced her plan for reopening businesses in Maine, hospitality and retail industries express concerns about its timeline.
April 29, 2020
Mills unveils plan to reopen Maine economy in stages, but not 'flipping a switch'
Updated: April 29, 2020The governor on Monday announced a four-staged strategy to allow many types of business to resume operations. The phase-in targets the next three months, with the timing of a final stage still to be determined.
Updated: April 29, 2020
Maine farmers' markets reopen, but with social distancing and other precautions
April 28, 2020Farmers' markets in Maine are opening for the summer season, but with new restrictions designed to prevent the spread of coronavirus infection. Vendors and shoppers are adapting to the changes.
April 28, 2020
After financing frenzy, Maine lenders launch second round of small-biz bailout loans
April 27, 2020Maine banks and credit unions are gearing up for a busy week of loan applications, in the second round of the federal Paycheck Protection Program that began this morning. But lenders warn the money is likely to run out quickly.
April 27, 2020
A day to recognize the 2020 Mainebiz Business Leaders of the Year
Updated: April 28, 2020On Tuesday, when Mainebiz was to have honored them at a reception in Falmouth, Mainebiz salutes four individuals as the 2020 Business Leaders of the Year. The honorees are profiled in the pages of Mainebiz, including a special 20th anniversary
Updated: April 28, 2020
Mills lays out vision to reopen economy gradually, as businesses await more fed relief
April 24, 2020The timetable for lifting business restrictions and reopening the state's economy will be driven by public health considerations, the governor said. Meanwhile, a bill providing another $484 billion in emergency relief across the country is expected
April 24, 2020
Caribou considers its own stimulus package for employees, local businesses
Updated: April 24, 2020The city may use a budget surplus to give bonuses to employees, but they'd have to spend the money at local businesses. The City Council could vote on the proposal in less than two weeks.
Updated: April 24, 2020
UMaine System offers tuition break to other students stranded by COVID-19
Updated: April 24, 2020Students whose education outside of Maine has been interrupted by the pandemic can attend the state's seven public universities and law school for the same tuition charged Maine residents.
Updated: April 24, 2020
Maine banks recovering after stimulus checks create online traffic jams
Updated: April 16, 2020Kennebec Savings, Camden National and Norway Savings banks were all overloaded Wednesday as many customers checked online accounts to see if their relief checks had arrived. By Thursday, most banking operations were back to normal.
Updated: April 16, 2020USM delays Lewiston campus move, citing COVID-19 challenges
Updated: April 15, 2020The school will reassess the situation this fall as it works with Maine Realty Advisors on an appraisal of the Lewiston-Auburn College building.
Updated: April 15, 2020
Latest facade funding is more than window dressing for downtown Waterville
April 14, 2020The second round of grants through Central Maine Growth Council will fund improvements at 10 downtown sites. The council expects grants made so far to result in nearly $2 million of storefront enhancements this year.
April 14, 2020
Yarmouth chamber cancels this year's Clam Festival due to pandemic
April 13, 2020The popular summer festival, usually held on the third weekend of July, won't take place in 2020, as organizers worry about the potential spread of COVID-19.
April 13, 2020
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