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Economic Development
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No takers for Maine's crowdfunding program
February 22, 2016Maine's crowdfunding law, which was heralded as a boon for startups when it went into effect on Jan. 1, 2015, has yielded no funding-raisings in its first year.
February 22, 2016
Top Gun classes named for Portland, Bangor and Rockland
February 19, 2016The Maine Center for Entrepreneurial Development and the University of Maine have announced the members of the Top Gun Maine 2016 class.
February 19, 2016Boston company bringing nearly 1,000 new jobs to Maine
February 19, 2016It didn't take long for the soon-to-be former L.L. Bean call center location in Bangor to find a new tenant — a company that's bringing 450 new jobs to the Penobscot County city.
February 19, 2016Initiative to increase Maine's minimum wage headed to legislature
February 17, 2016A citizen's initiative looking to increase the state's minimum wage is on its way to the Maine Legislature following a successful petitioning campaign that received 75,275 valid signatures supporting the wage increase.
February 17, 2016Kennebec Valley Inn to boost downtown Skowhegan
February 17, 2016The Kennebec Valley Inn in downtown Skowhegan is getting a new lease on life, with plans to open a country-western-themed lounge and restaurant by April 15, the Morning Sentinel reported.
February 17, 2016Revised plans nearly double apartments in Lincoln mill redevelopment
February 16, 2016A developer looking to convert the former Lincoln Mill location in downtown Biddeford into an 80-room hotel and 96 loft apartments has postponed the hotel portion of its project to instead nearly double the number of apartments it had originally
February 16, 2016Former state prison lot eyed for Dollar General development
February 16, 2016The expansive 16-acre lot that once was home to the Maine State Prison in Thomaston could finally see some development, as a proposal is set to go before the town's planning board on Tuesday.
February 16, 2016Expedited hearing sought for sale of Lincoln mill's IP rights
February 12, 2016The attorneys of Lincoln Paper and Tissue LLC filed a notice of private sale and expedited hearing motion with the U.S. Bankruptcy Court in Portland, a motion that would allow the paper and tissue company to sell $75,000 of its intellectual property
February 12, 2016Ellsworth seeks community feedback on planning issues
February 12, 2016Ellsworth's Planning Department is launching a program giving community members a chance to give feedback on planning-related issues that fall outside the scope of the Planning Board review process.
February 12, 2016New uses studied for former Bar Harbor ferry terminal
February 12, 2016Plans continue for the conversion of the idle international ferry terminal property in Bar Harbor for cruise ship use, the Mount Desert Islander reported.
February 12, 2016
Bill meant to boost FAME's business investments receives bipartisan support
February 11, 2016A bill meant to attract investments to the state by large businesses received unanimous bipartisan support from members of the Legislature's Labor, Commerce, Research and Economic Development Committee.
February 11, 2016Frenchville business owners interested in TIF
February 11, 2016A proposed tax increment finance district proved of interest to owners and employees of six different businesses that gathered for a public hearing in Frenchville on Monday, the St. John Valley Times reported.
February 11, 2016
MTI awards $71K to small businesses across the state
February 10, 2016The Maine Technology Institute on Tuesday approved four grant applications for the month of January totaling over $71,000 to four business in the state that specialize in advancements in the fields of biotechnology, environmental technology and
February 10, 2016Natural dog treats win Skowhegan Entrepreneur Challenge
February 9, 2016Amanda Clark of Smithfield will move her natural dog treat business, The Maine Barkery, to downtown Skowhegan, and will receive $20,000 in cash and business incentives as part of an Entrepreneur Challenge.
February 9, 2016
Apothecary by Design selling retail pharmacy
February 8, 2016Apothecary by Design, one of Maine's fastest growing companies, will sell its retail pharmacy in Portland to a team that includes one of the company's founders.
February 8, 2016
MCED, CEI get federal innovation awards
February 8, 2016The Maine Center for Entrepreneurial Development and Coastal Enterprises Inc. are among 25 awardees nationwide sharing $10 million under the Economic Development Administration's 2015 Regional Innovation Strategies program.
February 8, 2016
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