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To close 2021, Mainebiz presents 10 of the most uplifting stories we reported over the year.
The Bar Harbor institution was awarded over $140 million in grant funds during 2021, a new annual record for the biomedical research institute. The lab also saw other milestones during the year, including the start of a new CEO.
The sellers wanted to see it the yard remain as a working waterfront. The buyers plan to address infrastructure challenges and create a business incubator and marine business hub.
The state has presented the awards annually since 1991 to recognize manufacturers and service companies for commitment to their communities and exemplary performance.
The emergence of mass timber is helping the construction industry reduce its carbon footprint., and with its vast forests, Maine has a key role to play, said an industry leader.
A forestry coalition and a project to develop biomanufacturing infrastructure are among 60 finalists in a federal grant competition, and each has received a $500,000 award. Now they’ll compete for up to $100 million.
A robotic clot retriever and a collapsible aerosolized particle enclosure were selected to receive a total investment of $100,000 from MaineHealth Innovation’s inaugural Bonfire Fund.
ND Paper in Old Town is asking residents of four Maine towns for cardboard that it will recycle into pulp, as the mill faces higher costs and aims to keep waste out of landfills.
HighByte plans to use the funds to staff up across research and development, sales, marketing and other areas, with plans to more than double employee count over the next year.
The design is on trend with growing consumer demand and technology advancements for electric boat propulsion. Lyman-Morse was selected to build the design for its experience working with high-tech, carbon composite boats.
The new, one-story roastery was architect-designed as an ergonomic production space to allow 44 North Coffee to employ more year-round employees. A redesign of the company’s cafe is also in the works.
GO Lab, a wood-fiber insulation company, plans to sell $85 million in bonds for the renovation of the long-shuttered paper mill in Madison.
With sales of retail lines on pace to triple or even quadruple, the additional building offers capacity and additional automation while also freeing up space in the original facility.
Franklin Printing's $1.25 million purchase of the huge, high-speed press — plus another $1.25 million for equipment that can fold, staple and more — was spurred by pandemic demand. But the company says the investment will help serve a broader market.
Alcom LLC said it has acquired Wisconsin manufacturer Triton, which specializes in personal watercraft trailers.
Phase 1 of the new funding program will provide grants for companies across the forestry industry in Maine. Phase 2 will provide competitive grants to improve market opportunities for Maine timber, which has suffered serious declines due to the
Sponsored by Kennebunk Savings Bank
Next year will bring a host of new challenges for businesses looking to add employees to the payroll.
Maine's Paid Family and Medical Leave law will go into effect, which will allow an employee to take paid leave for up to 12 weeks to care for an ill family member or new child, for instance.
The state's minimum wage will increase by 45 cents an hour, to $15.10 (a separate minimum wage provision was approved in Portland that will raise the hourly compensation to $19 within three years).
And rising health care premiums will continue to be a struggle for employers.
For companies that plan to grow, all of these factors will have to be managed.
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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