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A line graph depicting manufacturing’s workforce in Maine over the past 25 years is not a pretty sight. From 1995, the manufacturing sector was in a steep steady decline for 15 years, falling from 84,700 jobs at the start of 1995 to 51,000 jobs in
This year we recognize leaders who started a manufacturing business, are revitalizing a downtown and are leading investment of hundreds of millions of dollars in health care and veterans’ housing.
A combination of county-wide economic development, focus on destination tourism and low prices have boosted house sales in the sparsely populated region.
Ocean's Balance of Biddeford, Flowfold of Gorham and American Roots of Westbrook are in the running for a $100,000 cash prize after being named finalists of Greenlight Maine Season 4 television series.
A Maine company that recently started processing steel with a next-generation, $1.4 million laser has actually been handling metal since before the state was a state.
Two startup manufacturers of small satellite launch vehicles have their sights set on a nanosatellite market that's literally taking off around the world.
American Roots, along with Flowfold in Gorham and Hyperlite Mountain Gear in Biddeford, lead Maine's new crop of niche textile makers. As traditional manufacturing struggles to attract young talent, the three are hitting their stride as they invest
Maine's manufacturing workforce, which declined sharply during the recession, has started a gradual rebound. Even so, it remains dramatically smaller than the workforce numbers of 2001 and 2008.
A composites layup area that will make it easier for manufacturers to produce the composites they need for aircraft and boat production, as well as other types of construction, has opened at Brunswick Landing.
The Northern Maine Community College Foundation has awarded a round of grants designed to support hands-on learning in technology at the college and improve the skill set of graduates to meet the needs of employers.
Manufacturers Association of Maine, in Portland, has launched two programs to help manufacturers fill jobs.
Springvale-based Jagger Bros. Inc. told its 40 employees last week that it plans to close by the end of March its yarn-manufacturing division that has been in operation for 121 years.
The U.S. Navy has awarded a $126.1 million sole-source contract to Bath Iron Works to continue integrated planning yard services for the DDG-51 Arleigh Burke-class of destroyers. The contract includes four option years, which, if exercised and fully
FocusMaine, a nonprofit partnership focused on increasing the state's economic base, said its efforts have reaped success in agriculture and aquaculture businesses, a year after launching a 10-year plan to create 20,000 jobs in the two sectors and
C&L Aerospace, part of Bangor-based C&L Aviation Group, announced today it is opening a satellite office in Singapore to serve commercial and regional airline customers in Asia.
STARC Systems, which manufactures reusable temporary wall containment for the construction industry, expects to add more jobs and double manufacturing capacity at its Brunswick Landing location by early 2020.
Loring Industries laid off six employees last week due to a seasonal downtown, leaving the Limestone company with a workforce of about 12 employees.
Sen. Nathan Libby, D-Lewiston, is sponsoring a bill, LD 149, that would ask voters to approve a $250 million bond issue to ease student debt. Under Libby’s proposal, if voters approved, the $250 million bond would fund a program administered by the Finance Authority of Maine to help pay off student loan debt for individuals who agree to live and work in Maine for five years. It also would reimburse employers that make student loan debt payments on behalf of their employees who agree to live and work in Maine for five years.
Andrea Cianchette Maker, a partner at Pierce Atwood, testified in support of the bill on behalf of Acadia Insurance and IDEXX Laboratories. Citing figures from the Project on Student Debt, Maker noted the average student loan indebtedness for Mainers is $31,364, which is 10th highest in the nation. In total, she said, Mainers owe more than $6 billion in student debt.
“If enacted, LD 149 could be a game-changer for our state,” Maker wrote. “It will significantly help Maine attract and retain a desperately needed future workforce by helping our workers get out from under college debt in an expedited manner. After that debt is paid, they will be fully engaged in Maine's economy and in a much better position to invest in their futures here in Maine, from buying a first home to raising a family.”
At its May 9 public hearing, the bill received support from Behavioral Health Community Collaborative, Maine Association of Realtors, Maine State Employees Association, AARP Maine, Finance Authority of Maine, Maine Tourism Association, Lewiston Auburn Metropolitan Chamber of Commerce and a number of individuals who shared personal stories about how their student debt adversely affects their lives.
Of the 27 people testifying at the hearing, only a few opposed Libby’s bill outright — essentially saying the state’s resources are not unlimited and the bond would divert funding from other essential needs.
The fiscal statement attached to the bill indicates a 10-year $250 million bond would require another $65.3 million to pay off at a 4.75% interest rate, for a total cost of $315.3 million.