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The bank has called off the 2020 business pitch-off competition in the wake of the growing coronavirus crisis.
In Maine, bank executives and others in the financial services sector welcomed the Fed action as mainly positive for businesses and consumers in the longer term.
KinoTek, a Portland startup that has pioneered technology for body movement analysis, has signed on with Microsoft Corp., a deal valued at $100,000.
The annual entrepreneur conference is moving to the University of Southern Maine campus. At Coastal Enterprises Inc., a women's tech business incubator gets underway later this month.
Global production far outpaces domestic production of farmed edible seaweed, but new research indicates Maine's production will grow an average of 12% to 15% annually over the next decade and will more than double by 2025.
The business pitch-a-thon competition, sponsored by Gorham Savings Bank, is now accepting applications, which are due by April 1. Past winners say the contest has transformed their small businesses.
A new business boot camp in Ellsworth is poised to help business owners in Hancock and Washington counties. Sponsored by Maine Small Business Development Centers, the free Downeast Business Boot Camp & Pitch-Off is scheduled for March.
Bayside Bowl’s managing partner, Charlie Mitchell, is now the sole managing owner of the Portland bowling center and entertainment venue after buying out his business partner of 10 years.
The food and beverage businesses, from Saco to Skowhegan, will each receive over $25,000 in consulting help and other assistance, through an initiative of CEI and FocusMaine.
The software company, which is developing virtual communication tools for teams that work remotely, received the financing from Underscore.vc, a Boston-based venture capital firm.
The Maine Grain Alliance in Skowhegan awarded $12,475 in mini-grants to grain-based businesses including farms, bakeries, a brewery and an oven builder. The grants fund everything from equipment to marketing.
Two Maine beverage businesses — Coffee Hound Coffee Bar and Roastery, and Geaghan Bros. Pub and Brewery — are partnering on a plan to scale up production and distribution of nitrogen-infused cold-brew coffee. The drink is growing in popularity
Small businesses and startups can get grants for between $500 and $2,000 in a new program funded by a variety of area lending institutiions.
MarketShare Accel is trying to grow Maine’s food and beverage companies by using trade data and coaching to expand sales outside the state. A dozen of the businesses in the program will be participating in a California expo next month.
ScrapDogs Community Compost has won a new client through a partnership agreement with the Owls Head, South Thomaston and Thomaston Solid Waste Corp. The Camden startup says its niche is based on the underutilization of an everyday product.
Maine Small Business Development Centers helped entrepreneurs launch 133 businesses in the state last year, creating more than 400 jobs, and found that 72% of client businesses that started in 2016 are still open, above the state and national