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A family's own need led to CoAmplify, a Portland startup that created a hat to give deaf kids "the freedom to just be kids."
The company on Monday wouldn't say how many jobs it's eliminating at its South Portland manufacturing facility, but the 740 layoffs include some there. ON last month reported 2020 financial results that included a 4.8% drop in revenue.
T-street Capital LLC typically invests $5 million to $25 million in growing, small- to mid-sized consumer goods businesses. The investment in Hyperlite follows a round of early-stage venture financing the company received three years ago.
The company, which will produce insulation made from lumber manufacturing and timber management waste, is seeking the money to help get the Madison plant up and running, and welcomed a major piece of equipment from Germany last month.
Like their products, these Maine makers are sometimes overlooked amid manufacturing's response to the pandemic. But watch carefully, and you'll see the difference they're making — and the growing role the industry plays in others.
When the pandemic struck, the White House called on Guilford-based Puritan Medical Products to ramp up manufacturing of the swabs used to detect COVID-19. But first the company and two other Maine businesses had to manufacture more production space.
For products ranging from flags to frozen treats, the "made in Maine" identity is a valuable asset. Small businesses are discovering just how valuable as their goods see demand far beyond the state's borders.
An FBI affidavit says a former scientist at the Bar Harbor lab’s facility in Farmington, Conn., received funding from institutions in China while also receiving research grants from the National Institutes of Health.
Known for music and film, the South By Southwest Conference also highlights technological innovation. UMaine’s wood product advancement will be featured in a short video showcased in the Finland pavilion.
Guest columnist Jason Lundy, a banker, cites three ways manufacturers can and have changed how they do business to weather the pandemic.
The Governor’s Energy Office is leading development of a research array off the southern Maine coast. Consortium membership could strengthen the state's research ties nationally and internationally in floating offshore wind technology.
A former official with the Boston Fed was the keynote speaker at the annual Mainebiz "Five on the Future" event, which was held virtually for the first time.
The company bought its fourth facility to accommodate the growing market for its Jocko Fuel brand. Founder Pete Roberts said he's "super stoked" about the 60,000-square-foot space.
November was slow, but then December hit and demand exploded from existing and new customers. The company, which makes plastic components for a variety of industries, has been hiring as fast as it can.
The Maine Compact on Immigration, unveiled Tuesday, calls for reform at all levels and would be responsive to the needs of employers.
A bill that passed out of committee would move up an annual allocation of funds for the business and industrial park, which has been affected by the current economic downturn.