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Boston investment firm buys 90,000 acres of Somerset County timberland
August 12, 2021A sister business of John Hancock Life Insurance has purchased the property for an undisclosed price, as part of the company's portfolio of climate-friendly investments.
August 12, 2021
Kittery lactation-support startup launches $1.15M seed round, project with state
August 12, 2021Pumpspotting plans to use the investment to fuel growth in the business-to-business channel. Meanwhile, the company was accepted into the state's new Early Adopter Program, with a roll-out to 31,000 employees.
August 12, 2021
Women to Watch: Heather Blease knows how to make a comeback
Updated: August 9, 2021The owner and CEO of customer support company SaviLinx has learned from her share of accomplishments and setbacks building four businesses. So when the pandemic hit, she was ready to turn a challenging time into an opportunity for growth.
Updated: August 9, 2021
Ask ACE: Why are employees pushing back against returning to the office?
Updated: June 20, 2022A contributing expert from the Association for Consulting Expertise responds to a reader's question about the dilemma employers and employees face when workplaces reopen.
Updated: June 20, 2022
SBA seeks speedy forgiveness of PPP loans
August 3, 2021Businesses that received a Paycheck Protection Program loan of $150,000 or less will be able to apply for forgiveness via an online portal set to go live on Wednesday, Aug. 4.
August 3, 2021
WEX beats market estimates on Q2 results, restarts financial guidance
Updated: July 29, 2021"These exceptional results reflect strong execution from the WEX team, positive trends across the business and strong demand for our platform and services as volumes continue to recover," said WEX Chair and CEO Melissa Smith.
Updated: July 29, 2021
Camden National beats expectations on Q2 earnings
July 28, 2021Camden National Bank reported second-quarter net income of $18.1 million, up 66% over the same period last year, amid loan growth in residential mortgages and commercial real estate.
July 28, 2021
Portland seeks public input on use of pandemic relief funds
Updated: July 28, 2021A total of $46 million is coming to the city from the federal American Rescue Plan Act, and is intended to replace revenues lost during the pandemic.
Updated: July 28, 2021
Bar Harbor Bankshares reports Q2 earnings increase driven by higher fee income
Updated: July 27, 2021Earnings per share increased 9% from the same period last year for the parent company of Bar Harbor Bank & Trust, the third-largest Maine-based bank.
Updated: July 27, 2021
Katahdin Trust parent reports increase in Q2 earnings, assets
Updated: July 27, 2021"The second quarter of 2021 provided solid financial results," said Jon J. Prescott, president and CEO of Katahdin Bankshares Corp. Total assets reached $948 million at the end of Q2, representing an increase of $6.6 million over Q1.
Updated: July 27, 2021
Bullish business confidence barometer signals 'rosy' outlook for Maine
Updated: July 23, 2021Close to nine in 10 business leaders nationwide surveyed by JPMorgan Chase & Co. are optimistic about the next six months, and the head of the bank's commercial banking team in Maine said that aligns with what he's hearing from clients.
Updated: July 23, 2021
Taking it to the bank: Big developments in Maine depend on a little-known inspection company
Updated: July 26, 2021The job of Consultant Services New England, or CSC, is to ensure a proper financial foundation is in place long before the building's foundation is laid. Yet the company receives little fanfare when the project is topped off.
Updated: July 26, 2021
Space odyssey: As employees head back to offices, companies rethink workplace setups
Updated: July 26, 2021Companies that have been operating remotely are now exploring hybrid models, with physical space for people to meet while allowing them to keep working from home if they can and want to. No size, it appears, fits all.
Updated: July 26, 2021
Songwriter-sound engineer applies the lessons of Nashville to launch music studio in Portland
Updated: July 19, 2021The centerpiece of the studio and training program is the “Rolls Royce” of recording consoles, and the studio was purpose-designed for acoustics. The goal of the studio reboot is to provide production services and to help students enter the music
Updated: July 19, 2021
Maine credit unions raise $110K in 30 days to fight hunger
Updated: July 15, 2021Since 1990, the Maine Credit Unions’ Campaign for Ending Hunger has raised more $10.4 million, including a record-breaking $960,000 in food and cash contributions last year.
Updated: July 15, 2021
Portland financial firm to get new majority owner
July 7, 2021In a deal due to close in the third quarter of 2021, San Francisco-based private equity firm Genstar Capital has agreed to buy a majority stake in Foreside Financial Group LLC from Lovell Minnick Partners, of Radnor, Pa.
July 7, 2021
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