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Recipients in the latest funding round include Our Katahdin, to develop affordable incubator space in downtown Millinocket, and the New England Arab American Organization in Portland.
The plan, approved in a virtual meeting Monday evening, would turn six downtown streets into pedestrian-only venues for outdoor dining and retail from June 1 to Nov. 1.
After exceeding its fundraising goal for the Portland Artist Relief Fund by 25%, Creative Portland plans to send out the first checks later this week.
A national effort spearheaded by Village Capital and Sorenson Impact Foundation is looking to match investors with startups and entrepreneurs, so they can scale and adapt their technology to help with the COVID-19 crisis.
The Maine State Chamber of Commerce and the Maine Bankers Association are calling for expanding the federal Paycheck Protection Program as discussions continue among Washington lawmakers.
By early Monday, over 80 people had signed an online pledge via Pledgetoprotectme.org, launched Friday by Mainers for Mainers to spark widespread community engagement and protect the state from the coronavirus.
Skowhegan, Monson and Lisbon will get $70,000 in grants and training to help develop local entrepreneurship and innovation networks in a program created by the National Main Street Center and funded through the Maine Community Foundation.
More new Maine businesses go on to soon issue a payroll than ventures in any state except Washington, according to just-released analysis by the Kauffman Foundation.
The developer of industrial operations software — founded by former employees of another Portland tech business, Kepware — will use the new capital for continued product work and hiring.
Podcasts, webinars and virtual events are all being looked at as the group shifts its focus to offering year-round content to entrepreneurs.
Business leaders in Maine expressed gratitude that the agreement was passed, but also concern if some businesses can weather the period before money would be received.
The goal of the Portland Artist Relief Fund is to disburse $500 stipends to 100 artists to help them make ends meet during the current public health crisis.
A virtual brainstorming event to "flatten the curve" of COVID-19 in Maine yielded ideas for six product applications, with the aim of having one ready to launch by April 3.
The SBA's New England regional administrator talks to Mainebiz about new SBA Economic Injury Disaster Loans to help small businesses impacted by the ongoing crisis. Businesses can get up to $2 million in emergency funding.
The hack-a-thon aims to get innovative thinkers to quickly develop an app that will help provide information and logistics to slow the spread of coronavirus in Maine.
U.S. Sen. Angus King talks to Mainebiz about takeaways for employers from the latest federal relief package, as well as Maine's strengths and weaknesses in weathering economic turmoil.