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Manufacturing
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Bath Iron Works contributed $980M to Maine GDP last year
December 6, 2022Bath Iron Works supported more than $1.8 billion in total economic output in 2021, including $980 million contributed to state GDP, according to a USM study released by BIW.
December 6, 2022
FAME approves $1.2M to help Augusta precision tool manufacturer
Updated: December 6, 2022KV Tooling Systems will use the loan to hire new employees, build an addition on the Augusta property and purchase equipment, among other needs.
Updated: December 6, 2022
A year after Yarmouth boatyard deal, new owner explores upgrades
December 2, 2022On a 12-acre parcel on the Cousins River, Sea Meadow Marine envisions a business incubator and marine hub for fisheries and sustainable aquaculture alongside marina services, heritage boat builders and recreational boaters. Services such as water
December 2, 2022Sappi completes sale of Presumpscot River assets
Updated: November 21, 2022A New York-based renewable energy company is the new owner of five hydroelectric power facilities and a fishway in Cumberland County.
Updated: November 21, 2022
Jackson Lab launches endowment to broaden DEI efforts
November 15, 2022It's hoped the initiatives, including a pilot program to bring scientists from underrepresented populations to JAX, will create a more inclusive culture and specialized mentorships.
November 15, 2022
Loring base eyed for production of synthetic jet fuel
November 14, 2022Washington, D.C.-based DG Fuels LLC said up to 650 jobs could be created. Groundbreaking is planned for summer 2024, with a 2027 opening.
November 14, 2022
Sappi to invest $418 million to upgrade Skowhegan paper mill
November 10, 2022The upgrade will increase the Skowhegan plant's capacity to produce solid bleached sulfate board products, which are used in packaging for cosmetics and perfume, health and beauty care, consumer electronics, confectionary and luxury drinks.
November 10, 2022
Watershed: Maine's outdoor recreation economy generated $2.8 billion in 2021, report shows
November 10, 2022The figure represents a 19.3% increase over 2020, the latest national barometer released shows.
November 10, 2022
Louisiana-Pacific's Houlton siding company building on recent expansion
November 2, 2022The Houlton facility was opened in 1981 as an oriented strand board mill and is LP’s second-longest running facility. This is LP’s third major capital expansion project at Houlton and second since 2021.
November 2, 2022
Lewiston aerospace company launches parts for NASA’s moon shots
November 2, 2022Elmet Technologies manufactured components for the rocket that will be used to launch the Orion space capsule in NASA’s Artemis program.
November 2, 2022
Company that supplies mushroom farms quintuples its space with Lewiston deal
Updated: November 14, 2022Maine Cap ‘N Stem Mushroom Co., which started in a 200-square-foot basement, is now planning expansion into a 75,600-square-foot building in Lewiston.
Updated: November 14, 2022
Brewer fabricator gets grant that will allow for expansion put off by pandemic
October 28, 2022Troy Industrial Solutions received the money from Maine Technology Institute’s pandemic recovery fund. The firm credited the Brewer Economic Development Office for introducing it to the MTI program.
October 28, 2022
Division of labor: In jointly owned businesses, couples navigate who does what
Updated: October 30, 2022Even when they have disagreements, couples succeed by carrying carry through a thoughtful planning process, taking time to have discussions, and capitalizing on each other’s strengths and interests.
Updated: October 30, 2022
$5M in grants available to help Maine tech startups expand
Updated: October 21, 2022The funding represents the second round of grants from the Pandemic Recovery for an Innovative Maine Economy, or PRIME Fund, administered by the Maine Technology Institute.
Updated: October 21, 2022
Augusta lab triples space, looks to hire in growing field
October 19, 2022A soil-health testing company is expanding to accommodate increasing demand in the science of climate-smart farming.
October 19, 2022
Maine family businesses honored for going the extra mile
October 12, 2022The Institute for Family-Owned Business honored a range of businesses. Winners included Kennebec Cabin Co. of Manchester, whose owners achieved worldwide fame from the "Maine Cabin Masters" reality show.
October 12, 2022
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