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Tiny homes and accessory dwelling units are an emerging segment of the housing market. The acquisition will leverage Hancock Lumber’s buying power, facilities and manufacturing expertise.
The plant will turn out more than 160 'Iron Fist' Active Protection Systems, which are used in Bradley fighting vehicles to intercept rocket-propelled grenades and anti-tank missiles.
The project is expected to demonstrate electrification technologies in action, providing data and real-time experience to other farmers and industry members.
FocusMaine is now focused on ramping up its work to increase collaboration in each industry.
The $1 million loan will help with construction costs at the Portland facility, where operations and equipment are expected to move from a site in Arizona.
The deal provides access to the only Western source of Western tungsten concentrate to support Elmet Technologies growth. The metal is key to defense, aerospace, medical, semiconductor and other applications.
Since 2004, the organization has deployed over $1.11 billion in New Markets Tax Credits financing to over 100 businesses and developments across the country — and in the process, creating or preserving 12,662 jobs.
Sappi North America has promoted four senior staff members to new leadership positions in Maine.
Purchases and civilian payroll last year at Portsmouth Naval Shipyard increased nearly 5.5% over the 2022 total, which at the time was the highest ever.
The Manufacturers Association of Maine will co-host a career fair for the manufacturing and maritime industries, Maritime Industry Day, on Oct. 2 in Portsmouth, N.H.
The USS William Charette, due to be completed next year, was named for a Navy master chief hospital corpsman who received the Medal of Honor during the Korean War.
From Portland's Black Box business incubator to market stands and in-store demos, pop-up retail is an attractive stepping-off point for many entrepreneurs.
The 6-foot-9 power forward, widely expected to be the No. 1 pick in the next NBA draft, has signed on as a brand representative for the international sports apparel company. Terms were not disclosed but the deal is likely worth millions.
In South Portland, the two business partners at The Rope Guru have lassoed 35 years of experience. They now make custom rope products of all sizes and shapes to meet the needs of hundreds of customers across Maine and the U.S.
Bath Iron Works says advancements in radar and combat systems make Flight III Arleigh Burke-class destroyers, including the one now under construction, the most technologically advanced surface warships in the world.
The list includes employers that have consistently made the cut each year, as well as some newcomers. In total, 134 Maine businesses and organizations are 'best' in 2024. Their rankings will be announced in October.
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.
Learn More
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.
Learn More
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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