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Economic Development
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WEX to limit hiring to 'business-critical positions'
Updated: March 24, 2020The global provider of corporate payment solutions tells Mainebiz it will restrict hiring, with some exceptions, and plans to expand benefits for current employees affected by the coronavirus.
Updated: March 24, 2020
Emergency SBA loans offered to small businesses in Maine
March 20, 2020The SBA's New England regional administrator talks to Mainebiz about new SBA Economic Injury Disaster Loans to help small businesses impacted by the ongoing crisis. Businesses can get up to $2 million in emergency funding.
March 20, 2020
King: 'Help is definitely on the way' for small businesses in Maine
Updated: March 19, 2020U.S. Sen. Angus King talks to Mainebiz about takeaways for employers from the latest federal relief package, as well as Maine's strengths and weaknesses in weathering economic turmoil.
Updated: March 19, 2020Gorham Savings puts LaunchPad contest on hold until 2021
Updated: March 18, 2020The bank has called off the 2020 business pitch-off competition in the wake of the growing coronavirus crisis.
Updated: March 18, 2020
As air travel drops off, Maine's largest airports grapple with changes
Updated: March 18, 2020As the coronavirus pandemic affects air travel worldwide, Maine's two largest airports are responding but seeing dramatic drops in passenger demand.
Updated: March 18, 2020
What the Fed rate cut means for Maine businesses and consumers
March 16, 2020In Maine, bank executives and others in the financial services sector welcomed the Fed action as mainly positive for businesses and consumers in the longer term.
March 16, 2020
City of Portland cancels events at all city venues, part of wave across state
March 13, 2020The city of Portland canceled all events scheduled for the next 30 days at Merrill Auditorium, Portland Expo and Ocean Gateway, as well as the March 16 city council meeting and all other public meetings, after calls from state and health officials
March 13, 2020
After stock market plunge, Maine investment advisors urge caution
Updated: March 13, 2020After U.S. stocks had their largest one-day decline since 1987, Maine investment advisors offer opinions on how the stock market and economy might respond.
Updated: March 13, 2020
Mack Point Terminal to be assessed for renewable energy industry
March 12, 2020Mack Port Terminal in Searsport is being considered as a potential site for opportunities to support Maine’s renewable energy industry, specifically offshore wind. Offshore wind is poised to become a $1 trillion industry by 2040, creating thousands
March 12, 2020
Maine coronavirus update: Cancellations, event changes and growing worry
March 11, 2020A growing number of Maine organizations are cancelling large gatherings, closing college campuses and opting to conduct business online.
March 11, 2020
Portland software startup inks $100K strategic deal with Microsoft
March 11, 2020KinoTek, a Portland startup that has pioneered technology for body movement analysis, has signed on with Microsoft Corp., a deal valued at $100,000.
March 11, 2020
Startup notebook: Startup Maine outgrows MECA, CEI launches women's tech incubator
March 6, 2020The annual entrepreneur conference is moving to the University of Southern Maine campus. At Coastal Enterprises Inc., a women's tech business incubator gets underway later this month.
March 6, 2020
Logging adds over $600M to Maine economy, but the industry can't find workers
Updated: March 6, 2020Logging jobs pay an average of $47,000 a year, but Maine faces a shortage of loggers and log truckers, hindering the growth of the forest products industry.
Updated: March 6, 2020
New Maine Tourism CEO is optimistic about 2020
Updated: March 5, 2020Despite the global threat of the COVID-19 outbreak, the new chief executive officer of the Maine Tourism Association is optimistic that the state's industry will have a robust year. Plans are in the works to step up safety precautions.
Updated: March 5, 2020
New Maine Geologic Survey map shows southern coast vulnerability
March 3, 2020The new interactive map shows coastal structures and dunes from Kittery to South Portland in relation to the FEMA's 100-year base flood elevations, which will help communities make decisions about coastal development and climate mitigation.
March 3, 2020
Thomas College president brews up 'Talent on Tap' roadshow
Updated: March 3, 2020Laurie Lachance, president of Thomas College and a former Maine state economist, plans a "Talent on Tap" series this month around the state to raise the profile of the private college. The roadshow was organized with Jobs for Maine's Graduates and
Updated: March 3, 2020
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