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The Loan Fund investments will leverage an estimated $67 million of other public and private financing to accelerate the production of workforce housing.
The increase marks the first uptick in Maine's unemployment rate since June 2021.
A roundup of new hires, promotions and achievements within the Maine business community.
ACE columnist and career coach Holly Smevog says the tight hiring market demands that employers "re-evaluate wages and develop a workforce plan that adds marketing to the budget."
The eastern hub formalizes an existing life sciences and technology network of over 60 companies, institutions and organizations.
The company was founded 31 years ago. The transition is expected to sustainably benefit a new generation of workers.
The program, announced by the U.S. Department of Labor, includes $194,714 for adult programs and $25,371 for youth programs in the Penobscot Indian Nation.
The annual ranking of the "Best Places to Work in Maine" is based on worker surveys and a variety of other information. A total of 100 Maine companies made this year's list, the 17th.
The newly created role will lead a new City Hall department, the Office of Justice, Diversity, Equity and Inclusion, formed in response to recommendations of a steering committee.
Last month, the rate fell below 3% for the first time since March 2020. Nearly 3,000 jobs were added across the state, in fields including local government, leisure and hospitality, and retail trade.
Almost 1,700 Maine veterans have been hired through the program since its inaugural 2015 event.
Matthew Foulston joined the Portland-based provider of animal-health technology and services in 2020.
Jay Dearborn, who has led WEX's corporate payments business since 2017, will oversee strategy and operational planning as the company's first chief strategy officer.
Verrill has added three litigators and two staff members formerly with Lambert Coffin.
Raymond T. "Chip" Kelley plans to retire at the end of November as KeyBank's Maine market president and commercial sales leader, according to a Monday announcement.
The head of Live + Work in Maine talks about the strategy and opportunities for marketing the state as a place to stay — and a big challenge to doing so.
Sponsored by Kennebunk Savings Bank
Over the weekend, thousands of flights were canceled after the new federal restrictions took effect at some of the nation's busiest airports.
The Federal Aviation Administration ordered airlines to cut flights by 4% at 40 major airports and that percentage is scheduled to increase to 10% by Friday. The FAA cited safety concerns and the need to ease the strain on air traffic controllers, who have been working without pay since the federal government shutdown began last month.
Airlines warn that the cutbacks could lead to more delays, fewer available seats and higher fares in the days ahead.
Talks are underway to end the federal shutdown, but the timing of the FAA cutbacks adds uncertainty to the Thanksgiving travel rush, which is just two weeks away.
Last year, more than 20 million passengers took to the skies during Thanksgiving week, driving billions of dollars in spending and making it one of the busiest and most economically significant travel periods of the year, according to the U.S. Travel Association.
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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