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Economic Development
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Maine’s unemployment rate at its lowest since 2001
January 27, 2016Maine's unemployment numbers are at their lowest point since 2001 as the jobless rate hit 4.0% in December, due in part to a smaller number of people working or looking for work.
January 27, 2016Waterville Planning Board removes longtime chairman
January 26, 2016The Waterville Planning Board voted to remove Chairman David Geller on Monday night with a 5-2 vote, leading to the election of Nick Champagne, a civil engineer who was attending the meeting for the first time as a board member.
January 26, 2016Bucksport looks to residents for economic development ideas
January 25, 2016The town of Bucksport has begun a broad-based process to develop strategies for future development with help from two grants totaling $39K.
January 25, 2016Historic Richmond building rehab aims for modern uses
January 25, 2016Renovations of the 14,000-square-foot Hathorn Block, located on the corner of Main and Front streets in Richmond, are aimed for up-to-date use as a mix of commercial and residential spaces.
January 25, 2016Lowe's seeking tax abatements for six Maine locations
January 22, 2016Maine could soon be joining New Jersey and Indiana as states that have granted Lowe's property tax abatements after the North Carolina-based home improvement chain applied for the tax abatement for six of their Maine locations.
January 22, 2016
U.S. R&D grows more than GDP
January 22, 2016Research and development expenditures in the United States totaled $456.1 billion in 2013, according to new data from the National Science Foundation, which at 3.2% is a higher growth rate than the 2.2% for the U.S. gross domestic product.
January 22, 2016
Hoteliers brace for impact of Airbnb
January 22, 2016There's a bit more pessimism in the air nationally about lodging this year as Airbnb's growth is exploding.
January 22, 2016
Warehouse shortage fueled by nontraditional uses
January 22, 2016Beer brewers, coffee roasters and medical marijuana companies are taking over more warehouse space in Portland, driving demand and the price per square foot.
January 22, 2016Technology-to-mill-town trend continues
January 15, 2016The trend toward revitalization of Maine's traditional mill towns has received big boosts lately, as technology firms find their way to these historic areas, arrivals that tie in with city and community organization goals for economic development.
January 15, 2016Minimum wage ballot initiative in the works
January 15, 2016A coalition of three of the largest labor and worker's rights organizations in the state — the Maine AFL-CIO, The Maine People's Alliance and the Maine Small Business Coalition — collected nearly 75,000 signatures to secure a spot in November's
January 15, 2016
Investment in Maine companies rises sharply
January 15, 2016The amount of money raised by Maine companies rose almost fivefold from 2014 to 2015, though the number of total deals remained the same, indicating a rise in the average amount raised per deal.
January 15, 2016
Bill would boost FAME's large business investments
January 14, 2016A bill to create a capital investment fund to attract large economic investments to Maine received initial support from the Finance Authority of Maine and several other speakers during a public hearing Tuesday before the Legislature's Labor,
January 14, 2016Revitalization of Norway's Main Street held up
January 11, 2016The nonprofit Norway Downtown wants to revitalize the Odd Fellows Building, but its efforts are stymied by the lack of communication from its owner, the Norway Advertiser Democrat reported.
January 11, 2016
Looks like a better year, but chronic weaknesses need to be addressed
January 11, 2016Every year, Mainebiz asks some of the state's leading economists to look to the coming year and offer their thoughts, worries and forecasts. We may be out of the recession, but there is plenty of uncertainty out there. Our experts weighed in with
January 11, 2016Skowhegan Main Street expands beyond downtown
December 31, 2015The Skowhegan downtown revitalization organization is expanding its designated focus area to include all of the town, shifting its focus to economic development throughout the community.
December 31, 2015Gov. Paul LePage nominates cabinet-level positions
December 23, 2015Gov. Paul LePage announced Tuesday several cabinet-level nominations, including commissioners for the departments of Education and Environmental Protection and adjutant general.
December 23, 2015
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