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Officials in Gardiner have given initial approval to a tax deal for the developer of a proposed $85 million natural gas pipeline through central Maine, but only if Kennebec Valley Gas Co. agrees to extend a line to the city's business park.
Central Maine Power Co.'s $1.4 billion project to upgrade transmission lines across much of the state has received its next-to-last major municipal approval, after Kennebunk officials approved work there.
Connecticut Water Service Inc. has completed its purchase of Aqua Maine for nearly $54 million. Aqua Maine, a subsidiary of water utility Aqua America, will be renamed The Maine Water Co.
More than 1,000 acres of land formerly owned by the U.S. Air Force has been purchased by a Massachusetts-based developer.
Skowhegan residents have pushed up the date of a special town meeting to consider a tax increment financing deal deemed critical to the construction of a natural gas pipeline through central Maine.
Scarborough-based energy company Self-Gen has proposed building an underground natural gas line from central Maine to Rockland to help lower energy costs for midcoast businesses.
Andrew Murphy Sr. of Bangor was sentenced to serve five months in jail for 14 counts of tax fraud in connection with his operation of his oil and trucking businesses, A.J. Murphy Inc., Hudson Road Holding Co. and Heaten Oil Co.
Electricity prices for small commercial customers of Bangor Hydro Electric and Central Maine Power Co. will see their prices drop in March.
The city of Hallowell has given an initial OK to a tax increment financing deal for a proposed 56-mile natural gas pipeline through the region.
Opponents of a proposed liquefied natural gas terminal in the Down East region are appealing to federal regulators to dismiss the project's application, citing its inability to meet deadlines.
Federal officials are considering a proposal from Norwegian company Statoil to build a pilot offshore wind farm south of Boothbay Harbor.
The sale of the Boat School in Eastport to Perry Marine has been finalized despite a lawsuit challenging it.
Bangor-based Dead River Co. has finalized its merger with a division of Fleming Oil, a Vermont company.
Residents in the midcoast town of Frankfort recently approved a strict wind power ordinance in response to a proposal from a New Hampshire company to locate up to six turbines on Mount Waldo.
Cate Street Capital, the new owner of the former Katahdin Paper Co.
Dan Thayer, CEO and founder of Thayer Corp.
Sponsored by Kennebunk Savings Bank
The federal government shut down at midnight on Oct. 1 over a budget stalemate. The standoff in Washington comes on top of changing policies on tariffs and trade.
The shutdown curtailed the release of monthly reports on the country's trade balance, consumer prices, retail sales and producer price. In Maine, much of the Acadia National Park staff was put on furlough, though roads and campgrounds were still accessible.
The last shutdown stretched over 35 days from Dec. 22, 2018, to Jan. 25, 2019.
A shutdown of less than two weeks is "unlikely to have a material impact on the economy or household finances," the president of a Maine credit union told Mainebiz last week.
But there's growing anxiety over how a protracted shutdown would affect the economy.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreWhether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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