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A draft bill in Congress could mean more work for Bath Iron Works and other Maine contractors, according to U.S. Sen Angus King, I-Maine, a member of the Senate's Armed Services Committee, a member of the Senate's Armed Service Committee.
The money is expected to support critical infrastructure improvements, create 20 jobs, retain 120 jobs and generate $3.5 million in private investment. TechPlace opened in 2015 and now houses 35 early-stage businesses.
A Maine artist whose paintings and prints appear in prestigious collections discovered neon as a medium in recent years. A second Portland studio, renovated from a century-old florist shop and greenhouse, offers space to display the light sculptures.
The town sees the parcel of land as a potential industrial park, and is already conducting site tours with prospective investors.
The state collected input on fishing activity, marine wildlife and navigation off southern Maine to refine the potential site for the research array. “I’m concerned with this narrowed focus on an already heavily fished area,” said one fishing
The settlement by Maine and 14 other states with the manufacturer of prescription opioid OxyContin would divvy up billions of dollars. But Maine has paid an especially high price as a result of the opioid epidemic.
Furloughs were due to expire July 12, but the test-swab manufacturer has extended them another three weeks. Like Abbott Labs, another company manufacturing COVID diagnostics in Maine, Puritan has been responding to change in testing needs.
With 8.77 waterfront acres and downtown proximity, the package is viewed as a development opportunity in keeping with Rockland’s growth as a destination. But it also raises the issue of a potential loss of the working waterfront.
The maker of COVID-19 diagnostic tests, which ramped up its Maine presence last year in response to the pandemic, says declining demand for the tests has made the cuts necessary.
Microwave Techniques LLC has acquired all the assets and intellectual property of Raleigh, N.C.-based Industrial Microwave Systems LLC for an undisclosed amount.
Kate McAleer, owner and founder of Bixby & Co., told Mainebiz she plans to use the $25,000 prize money for manufacturing equipment to expand capacity.
Maine Urban Timber Co. began last year after Niles Krech and Steve Pracher built a sawmill, and has caught a growing tide for large slabs made from trees that would normally end up as chips.
The $1.6 million acquisition is the company’s fifth location and first to open in Maine. Search parameters included being south of Portland, the broker said. A strong tenant helped clinch the deal.
Founder Chris Sieracki and President and CEO Kent Peterson recently stepped down, and Peterson has been succeeded by an executive of a California company. Fluid Imaging was purchased last year by Yokogawa Electric Corp. of Japan.
Cianbro Corp. built the entrance structure for Portsmouth Naval Shipyard's new "superflood basin" over the past year and a half in Portland. On Sunday, the huge component was slowly towed to Kittery.
Bath Iron Works has provided design and technical services for Burke-class destroyers since 1987, and will continue to perform that work under a one-year contract extension.
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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