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Economic Development

  • Bus route creates new transportation options in western Maine

    Maureen Milliken December 8, 2017

    A new Farmington-Rangeley bus route, which begins Tuesday, is the start of what Western Maine Transportation Services hopes will be a new approach to public transportation that would help shore up the region's — and the state's — economy.

    Maureen Milliken December 8, 2017
  • Maine Food Insider: Waterville Winter Farmers Market finally finds a home

    Maureen Milliken December 6, 2017

    It's taken three years of moving around, but Waterville's Downtown Winter Farmers Market is excited about the opportunities offered by its new "forever" home at the Alfond Youth Center.

    Maureen Milliken December 6, 2017
  • SBA holds Aroostook HUBZone workshop

    Staff November 30, 2017

    Recent federal changes to the Small Business Administration's HUBzone program mean that some businesses in Aroostook County qualify for preferences on federal contracts. The SBA is holding a workshop to explain the program to business owners.

    Staff November 30, 2017
  • Maine's female entrepreneurs best in nation for jobs and revenue growth

    November 28, 2017

    Over the course of the past 20 years, Maine's female entrepreneur sector has become a national leader for job and revenue growth.

    November 28, 2017
  • Portland floats mixed-use plan to give Ocean Terminal new life

    November 27, 2017

    Portland city officials will brief the city's Economic Development Committee on plans to redevelop the 1920s-era Portland Ocean Terminal on the Maine State Pier into a mixed-use space anchored by a public seafood market and business incubator.

    November 27, 2017
  • Four businesses to be honored for expanding Portland’s ‘economic vitality’

    Staff November 15, 2017

    Portland Development Corp. and the city of Portland will recognize Eimskip, Bristol Seafood, Think Tank Coworking and Fork Food Lab at a Nov. 30 awards ceremony for their roles in expanding the city's economy.

    Staff November 15, 2017
  • L-A chamber takes over Top Gun LA and annual Maine B2B Trade Show

    November 15, 2017

    The Lewiston Auburn Metropolitan Chamber of Commerce agreed to take over the Top Gun LA program and the annual Maine B2B Trade Show from the Lewiston-Auburn Economic Growth Council, which faces an uncertain future due to funding cuts by both cities.

    November 15, 2017
  • FAME’s Showcase Maine to celebrate ‘successes’ of past year

    Staff November 13, 2017

    The Finance Authority of Maine will honor several of its business partners Tuesday at its Showcase Maine annual celebration of successful partnerships with Maine's business, lending, governmental and higher education communities.

    Staff November 13, 2017
  • USDA Aroostook County grant to fund development training for officials

    Staff November 8, 2017

    The Northern Maine Development Commission received a $100,000 grant from the U.S. Department of Agriculture that will provide training and technical assistance on development and infrastructure to officials in dozens of Aroostook County

    Staff November 8, 2017
  • Maine Development Foundation honors 'champions of economic development'

    Staff November 6, 2017

    The Maine Development Foundation presented its 2017 “champion of economic development” awards at its annual meeting in Bangor. It also presented University of Maine President Susan J. Hunter with its 2017 Kenneth M. Curtis Leadership Award.

    Staff November 6, 2017
  • A new CEO at STARC and additional investment in Auburn P&G site

    Staff October 30, 2017

    With capital in hand, STARC hires CEOWithin weeks of securing $3.5 million in financing from Blue Heron Capital, STARC Systems hired a CEO with extensive merchandising experience.

    Staff October 30, 2017
  • Six Maine organizations receive USDA microenterprise grants

    Staff October 24, 2017

    Six organizations in the state received U.S. Department of Agriculture grants to help microenterprises start up and grow, U.S. Sens. Susan Collins, R-Maine, and Angus King, I-Maine, announced on Monday.

    Staff October 24, 2017
  • Millinocket housing program aims to attract young workers

    Maureen Milliken October 20, 2017

    Three downtown Millinocket houses have been bought by the Northern Forest Center and another one is under contract in an initiative aimed at closing the gap between the town's evolving revitalization and those who would like to live there.

    Maureen Milliken October 20, 2017
  • Brunswick Landing, Scarborough make pitches to be Amazon's HQ2

    Staff October 20, 2017

    At least two Maine locations have joined an intense national competition to become Seattle-based Amazon's second headquarters.

    Staff October 20, 2017
  • Is Maine open for business? A resounding 'yes' from Mainebiz CEO forum

    Renee Cordes October 18, 2017

    The state of Maine absolutely is open for business. That's the resounding message from a panel of executives speaking at Wednesday's Mainebiz CEO Breakfast Forum in South Portland.

    Renee Cordes October 18, 2017
  • SBA lending in Maine increases 16% in total lending volume

    Staff October 18, 2017

    The U.S. Small Business Administration reported that in Maine during fiscal year 2017, the SBA approved 303 7(a) loans totaling $68.53 million, an increase of 3% over fiscal year 2016. The SBA's Maine district office also $39.76 million in 504 Loans

    Staff October 18, 2017

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Today's Poll

Is an electric car in your plans?
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Poll Description

Sales of electric vehicles rose by 25% last year, with 17 million sold worldwide, according to the International Energy Agency's recent "Global EV Outlook." The trend is led by China, where half of the new cars sold were EVs. 

In the U.S., sales of EVs increased by 10% last year, but that was off the pace of 2023, when a 40% gain was recorded.  

The report noted a plateauing of sales in Europe, where some countries are rolling back incentives offered to EV buyers.