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A committee tasked with rooting out $40 million in state tax deductions, credits or exemptions in order to prevent cuts to the state’s revenue sharing program with municipalities is considering ending tax exemptions for certain amusements, l
State Sen. John Patrick of Rumford has called off future meetings of a commission formed to study the economic impact of gambling in Maine because he said the process was hijacked by industry boosters on the panel.
Maine home sales have climbed steadily from under the weight of recession, but the state’s top real estate industry representative anticipates the trend will level out over the coming months after modest growth in October.
Around 5,000 remained without electricity early Monday after high winds and storms knocked out power to around 28,000 customers of Central Maine Power and Bangor Hydro Electric Sunday.
Portland officials and two developers bidding on a project to move the Portland offices of the Department of Health and Human Services say they’re surprised by the state’s selection of a developer with plans to move the offices to South Port
The Downeast Lakes Land Trust will get more than $1 million through a carbon cap-and-trade program in California, which the Washington County land trust plans to use to buy nearly 22,000 woodland acres.
After learning that the St. Lawrence & Atlantic Railroad wants to discontinue freight service on a line from Portland to Auburn, rail advocates are proposing a commuter service between the two communities.
The state’s largest landowner, J.D.
As a startup company using a revolutionary microwave process to create bio-coal, Thermogen Industries LLC stands at the threshold of market viability.
After increasing tolls earlier this year, the Maine Turnpike has taken in an extra $19.7 million, a figure just shy of projections made before the increase last August.
The number of homeless people in Maine rose 26% over last year, despite a national decline in homelessness over the same time period.
Maine’s unemployment rate dropped to 6.7% in the latest estimate, down from 6.9% in September and 7.2% one year ago.
Spanish energy company Iberdrola, owner of Central Maine Power, has formed a single holding company for its operations in the United States, a plan that includes consolidating ownership of its electric and natural gas operations in New Glouc
The University of Maine System’s fall enrollment is down 2% statewide, while the number of students at its flagship campus in Orono rose 3.2%.
The Connecticut company criticized by Maine lawmakers for its handling of a MaineCare medical transportation program did not buy a required performance bond before starting work, the
Bath Iron Works will get a $3.7 million property tax break on a $32 million outfitting hall in Bath that the company said they might not have been able to build without the deal.
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall 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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