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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.
The latest effort to change the state flag to Maine's first official flag, the pine tree and North Star, will be taken up soon by the Maine House of Representatives, as the design gets growing support from consumers and manufacturers.
The buyers are an affiliate of One Rock Capital Partners LLC and family-owned investment firm Metropoulos & Co., whose founder will become chairman and interim CEO of Nestlé Waters North America when the transaction is completed.
The plant, which currently employs 160 people, is Louisiana-Pacific Corp.’s second-longest-running mill, commissioned in 1981. With the mill's conversion, the company expects it to increase demand for wood fiber, benefiting local suppliers.
Nyle Systems moved to its current headquarters in 2010, occupying half of a 56,000-square-foot warehouse. Since then, the company grew from manufacturing heat pumps to creating applications such as food drying. Now Nyle is building more production
The Verso Paper Mill closure in December 2014 cost Bucksport 40% of its tax base and hundreds of jobs. By early 2020, planning and partnerships resulted in full downtown storefronts, numerous festivals, increasing visitation and demand for real
Seaweed salad made in Maine and one of the state's craft beers were among this year's winners, selected among more than 1,900 entries nationwide.
Biddeford composite manufacturer FMI makes material used in thermal protective shields necessary for the high temperatures involved in space exploration, including three Mars missions in the coming decade.
The successful launch positions bluShift to build subsequent rockets for suborbital and orbital space, to serve as vehicles for the growing nanosatellite industry. A proprietary biofuel uses materials that can be grown on farms.
Wind blade molds will be printed on the world’s largest polymer 3D printer, using recyclable, bio-based materials reinforced with wood. The technology could cut development costs by 25% to 50% and accelerate time to market by at least six months.
The company said its 3D waterjet cutting machine is the largest of its kind in Maine and among the largest in the country. The machine will help Front Street expand beyond the marine market into manufacturing.
Unions increased their representation of Maine's workforce by 3% last year. But some of that growth was related to the pandemic and the resulting sharp decrease in overall employment, which primarily affected nonunionized industries.
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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