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Economic Development
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Maine State Chamber launches work-based learning programs with $95K grant
December 14, 2018The U.S. Chamber of Commerce Foundation selected the Maine State Chamber of Commerce to participate in its Career Readiness Lab, and receive $95,000 to implement a work-based learning program to better connect students with academic and experiential
December 14, 2018
FAME financing to boost restart of Old Town mill, two other projects
December 14, 2018The Finance Authority of Maine approved financing for three projects, including $12 million in tax credits to advance the restart of the closed Old Town mill.
December 14, 2018
Software company expands into Maine with Portland office
December 10, 2018Rapid Insight, an analytics software solutions company based in Conway, N.H., has expanded into Maine with a new office at 120 Exchange St. in Portland.
December 10, 2018
New collaborative workspace opens in Freeport's retail mecca
December 10, 2018A new co-working space has opened in downtown Freeport. Located at 5 Depot St. and called FreeportWerkes, its founder, Tom Siegel, said the co-working center is much needed in a town otherwise dominated by retail activity.
December 10, 2018
Credit union league's CEO named to Maine State Chamber's board of directors
December 10, 2018Todd Mason, president and CEO of the Maine Credit Union League, has been appointed to the board of directors of the Maine State Chamber of Commerce.
December 10, 2018
Feds pump $73M into Maine for infrastructure projects
December 7, 2018Maine will be receiving almost $73 million from the federal government for transportation and water infrastructure projects across the state.
December 7, 2018
Go.Verizon: Portland best city in U.S. for small businesses
November 26, 2018Portland is the No. 1 ranked city in the newly released “Best Small Cities for Small Businesses” report issued by Go.Verizon.com, an authorized brand partner of Verizon.
November 26, 2018
More banks enter Portland market — each having bold growth ambitions
November 26, 2018Commercial banking in Portland is revved up for its next act with two industry stalwarts — one global, one from Downeast — setting up new offices and teams here.
November 26, 2018
Local Wood Works finding innovative ways to expand economic clout of Maine's vast forests
November 26, 2018At the third annual Maine Wood + Sustainabilty Tour, woodlot owners, but architects, engineers and builders, as well as consumers. Advance economic development initiatives center around the region's forests.
November 26, 2018
Community development institutions step in where traditional lenders are reluctant to go
November 26, 2018Community Concepts Finance Corp., Coastal Enterprises Inc. and Eastern Maine Development Corp. are Community Development Financial Institutions, private sector financial institutions that may receive federal funding from the U.S. Treasury. CDFIs
November 26, 2018
San Francisco-based company's East Coast office opens in Portland
November 21, 2018Grove Collaborative, an e-commerce company based in San Francisco, hosted a ribbon-cutting event Nov. 20 to celebrate the opening of its first East Coast office in Portland.
November 21, 2018
Cumberland County launches plan to address limited and slow broadband
November 20, 2018The James W. Sewall Co. of Old Town will conduct a Cumberland County broadband access study, a first step in addressing limited and slow broadband in the county's farther reaches.
November 20, 2018
SBA’s Maine office’s lending activity declines 23% in 2018
November 20, 2018The U.S. Small Business Administration guaranteed over $83 million in loans to small businesses in Maine that otherwise would not have had access to capital during fiscal year 2018. That figure represents a 23% decline from 2017's reported loan
November 20, 2018UMaine System trustees draft 'new vision' for public education
November 19, 2018The University of Maine System Board of Trustees released today a draft “declaration of strategic priorities” that would commit its campuses to leading educational efforts statewide in response to Maine’s growing workforce crisis, concerns about s
November 19, 2018A new Maine-grown potato hits New England supermarket shelves
November 16, 2018The Caribou Russet potato, developed by the University of Maine, is now available in more stores throughout New England.
November 16, 2018
Vets First Choice names top execs for finance, HR
November 16, 2018Vets First Choice, the Portland-based animal pharmacy services company merging with the animal health business of Henry Schein Inc. (Nasdaq: HSIC), has named a new chief financial officer and a chief human resources officer.
November 16, 2018
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