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The combined firm employs over 30 staff and expects annual revenues to be about $4 million. Further expansion may be on the horizon. "It's grow or die," said a One River director.
Foreside Financial Group LLC in Portland expects to complete the acquisition of Atlanta-based Capital Markets Compliance by Feb. 1. Financial terms were not disclosed.
After some COVID-related disruptions to mergers and acquisitions last year, some Maine advisers expect a slow but steady pickup in deal activity this year.
Jonathan Trumper, a former New York entertainment consultant, now heads the Portland chapter of the business mentoring nonprofit. He talked with Mainebiz about his new role and the area's potential for cultivating entrepreneurs.
A guest columnist from the Association for Consulting Expertise responds to a reader's question about the best way to create an advisory board, and its role in a growing company.
Earnings at the Damariscotta-based parent company of First National Bank rose to a record $27.1 million, while a branch acquisition completed in December added about $23 million in loans and $19 million in deposits to its balance sheet.
After much anticipation, many lenders can begin processing loans through the renewed Paycheck Protection Program as early as Jan. 15.
Guest columnist Richard Emerson Jr., a CPA and shareholder at the Portland accounting firm Purdy Powers & Co., urges businesses to get their financial information to their accountants early this year. With delays in the Postal Service and IRS,
Financial institutions in Maine were growing and expanding as the pandemic began, and have been able to maintain some of that momentum. Much of their work in 2021 will focus on helping Maine businesses get back on their feet.
Financial services seemed to cope with 2020 better than many industries. "The fact is that people need guidance with their money," says one financial planner.
A year ago, Mainebiz asked 20 business leaders for their outlook for 2020. Most painted a picture of a continued booming real estate market and consumer spending, coupled with the challenge of an ongoing labor shortage.
A contributor from the Association for Consulting Expertise helps out a reader whose remote meetings need a jolt of creative energy and productivity.
The branch brings the total in the Granite State to 21, and 54 overall in three states.
Already Maine's largest accounting firm, with more than $100 million in 2019 revenue, BerryDunn will employ nearly 550 people in more than 30 states after the merger with VantagePoint.
JPMorgan Chase & Co. plans to open a branch at 251 U.S. Route 1 in Falmouth in the first quarter of 2022, one of five planned branches in the southern part of the state.
Leaders of a dozen Maine nonprofit organizations share their 2021 goals and aspirations with Mainebiz.
Sales of electric vehicles rose by 25% last year, with 17 million sold worldwide, according to the International Energy Agency's recent "Global EV Outlook." The trend is led by China, where half of the new cars sold were EVs.
In the U.S., sales of EVs increased by 10% last year, but that was off the pace of 2023, when a 40% gain was recorded.
The report noted a plateauing of sales in Europe, where some countries are rolling back incentives offered to EV buyers.
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.
Learn MoreWork 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.
Learn MoreWhether 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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