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In a ranking of cities with fewer than 100,000 residents, Portland and Bangor topped all other urban areas across the northeastern U.S. South Portland was close behind.
The Series A funding round brings the company's total to $16.5 million in equity raised since it was founded in 2018.
Mainebiz caught up with the Maine district director for the U.S. Small Business Administration to find out more about her career path, and how her team helps small businesses across the state.
Mufaddal Ali, a 2021 graduate of Colby College, aims to help cohort members achieve data-driven outcomes.
Since its last conference five years ago, the nonprofit "champion of Maine’s entrepreneurial ecosystem" has been working to bring businesspeople together and to plan the organization's future.
Funders look for a capable and experienced management team, for starters. But this edition of Ask ACE looks at other things investors want to see.
Out of more than 60 applicants, five were selected to participate in the inaugural Entrepreneurship for All (EforAll) Maine cohort.
For the third year in a row, Skowhegan Savings Bank will sponsor the prize for the Dirigo Labs business pitch contest, the culmination of a months-long accelerator program.
A 2024 Business Leader of the Year, Melissa LaCasse, secured $3.2 million in pre-seed funding and used her skills in distribution, business development and strategic planning to position Tanbark for success.
Anker, one of the 2024 Business Leaders of the Year, is overseeing a $2 million expansion at the company’s solar-powered facility in Hiram. The maker of small-batch granola, trail mixes, roasted nuts and cereals has nationwide aspirations.
"With these awards we hope to demonstrate the impact entrepreneurs have on their hometowns and our state," said Diane Sturgeon, Maine district director for the U.S. Small Business Administration.
The startup works to improve veterinary care by applying lessons from human health care. Rarebreed's founders believe the result can be better outcomes for patients, greater satisfaction for clients, and more rewarding work for clinicians.
Even during good times, early-stage life sciences and biohealth businesses in Maine frequently have to work harder than their peers in bigger markets to woo investors.
The nonprofit is hosting a research fellow to develop an investment model over the coming 30 months. The goal is to grow mid-Maine’s entrepreneurial economy.
Last year, the Maine Small Business Development Centers helped 2,289 entrepreneurs and small businesses — up almost 50% from pre-pandemic years.
The company, ProwlerPro, says its security solution for cloud computing is used by customers that include Amazon Web Services.
Sponsored by Kennebunk Savings Bank
Next year will bring a host of new challenges for businesses looking to add employees to the payroll.
Maine's Paid Family and Medical Leave law will go into effect, which will allow an employee to take paid leave for up to 12 weeks to care for an ill family member or new child, for instance.
The state's minimum wage will increase by 45 cents an hour, to $15.10 (a separate minimum wage provision was approved in Portland that will raise the hourly compensation to $19 within three years).
And rising health care premiums will continue to be a struggle for employers.
For companies that plan to grow, all of these factors will have to be managed.
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.
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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.
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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.
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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