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Economic Development

  • Aquaculture's impact in Maine almost triples

    Lori Valigra February 6, 2017

    Aquaculture is the fastest-growing food production business in the world, and it's already contributing nearly $138 million in both direct and multiplier or related economic impact to the state.

    Lori Valigra February 6, 2017

  • Wellness Connection of Maine's cannabis business poised for growth

    Lori Valigra February 6, 2017

    As the legal jangling over Maine's new law allowing retail sales of marijuana continues, and would-be growers snap up commercial real estate around the state, the potentially new business brings with it high startup and ongoing costs.

    Lori Valigra February 6, 2017
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    Portland Jetport sets all-time passenger record

    February 2, 2017

    The Portland International Jetport today reported it reached an all-time record year for traffic in 2016, with 1,785,649 passengers. That total represents a 3.2% increase over 2015's 1.73 million passengers.

    February 2, 2017

  • Top Gun names 38 startups to 'Maine 2017 class'

    February 1, 2017

    The Maine Center for Entrepreneurial Development, the University of Maine, The Lewiston/Auburn Economic Growth Council and MaineStream Finance announced today the members of the Top Gun Maine 2017 Class.

    February 1, 2017

  • Oak Ridge National Laboratory signs partnership with UMaine

    Staff January 30, 2017

    The University of Maine has signed a letter of intent with the U.S. Department of Energy's Oak Ridge National Laboratory to partner in the development of forest-based biomaterials for use in manufacturing as well as in bio-refineries, bioenergy and

    Staff January 30, 2017

  • Hiring slower than expected for SaviLinx, Wayfair

    January 27, 2017

    Last winter's announcements that Boston-based home furnishing store Wayfair would be bringing 500 jobs to Brunswick Landing and the call center company SaviLinx would be hiring an additional 200 employees have fallen far short of those projections.

    January 27, 2017

  • Seven companies land grants from MTI

    Staff January 26, 2017

    The Maine Technology Institute approved seven grants totaling $95,213 to entrepreneurs from across Maine to support innovative technology projects in four sectors and four counties.

    Staff January 26, 2017

  • Proposed Portland cold storage needs height allowance

    January 23, 2017

    The Port Authority of Maine's plans for a 120,000-square-foot cold storage facility on the western waterfront will be presented in a workshop with the Portland Planning Board Tuesday.

    January 23, 2017
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    First chapter in comeback story for rural Maine?

    Staff January 19, 2017

    Maine's struggling forest products industry, which has been hit hard by the closure of six pulp and paper mills in the past three years, is getting a $1 million boost from the federal government to implement a strategic plan for capitalizing on

    Staff January 19, 2017

  • Wilton gets nod to apply for $150K development grant

    January 18, 2017

    The town of Wilton will get another chance to apply for a Community Development Block Grant to improve the facades of downtown businesses.

    January 18, 2017

  • Fed policy adviser: Three rate hikes possible in 2017

    James McCarthy January 17, 2017

    Jeffrey Fuhrer, executive vice president and senior policy adviser at the Federal Reserve Bank of Boston, says the median view of the Fed's policymakers is that there will be three 0.25 percentage point interest rate hikes in 2017 to ensure the U.S

    James McCarthy January 17, 2017

  • Report: Maine has more sci-tech companies and workers, but lags in other areas

    Lori Valigra January 16, 2017

    A new report finds that the number of science and technology companies and jobs in Maine is rising at the same time investment in innovation by both companies and universities has remained low.

    Lori Valigra January 16, 2017

  • Five on the Future

    Peter Van Allen January 9, 2017

    Every year Mainebiz surveys five experts on what's ahead for the coming year. We've seen major changes in Washington, with President-elect Donald Trump taking office later this month.

    Peter Van Allen January 9, 2017

  • L/A growth council names Holden’s interim successor

    Staff January 6, 2017

    Nearly two months after the resignation of John Holden, the Lewiston Auburn Economic Growth Council has named an interim leader.

    Staff January 6, 2017

  • Top Gun, African style: A chat with Don Gooding

    Lori Valigra January 4, 2017

    Don Gooding has been anything but idle since he left the helm of the Maine Center for Entrepreneurial Development last March. One of his latest ventures will use elements of MCED's Top Gun entrepreneurship acceleration program in several Sub-Saharan

    Lori Valigra January 4, 2017

  • Maine population growing but seeing more deaths than births

    January 3, 2017

    Maine's population grew by 2,026 last year to just over 1.3 million. But there were 1,300 more deaths than births.

    January 3, 2017

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Today's Poll

Do you support an increase in Portland's minimum wage?
Poll Description

The Portland City Council is weighing a controversial proposed hike to the city’s minimum wage.

The proposal would increase the minimum wage from $15.50 per hour to $20 per hour within four years. (The statewide hourly minimum wage is $14.65.)

The proposal does not include a wage hike for tipped workers who are currently paid an hourly wage of $7.75, but employers are required to ensure that wages and tips combined total $15.50 per hour. 

While inflation pressures have made it hard to survive on the minimum wage, many business owners are concerned the hike would cut already thin margins. 

More Information