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After spending five-plus years rebuilding and rebranding the 31-room Lighthouse Inn, at 20 Nubble Road in York Beach, Diane Pace sold it in favor of a new project. Within a day of the sale, she purchased the six-room West End Inn, at 146 Pine St. in
A year after nearly 9,000 Opportunity Zones were established in the U.S., three municipalities with zones are taking advantage of the tax law with a community-based approach designed to leverage development both in and outside of their zone.
Whole Oceans, of Portland, announced it completed a purchase and sale agreement with American Iron and Metal Development USA LLC for a parcel of property on the site of the former Verso paper mill.
Maine Listings said sales of single-family existing homes rose by 4.8% in April, compared to a year ago, while the median sales price rose 5%, to $210,000.
Mid Coast–Parkview Health broke ground Tuesday on a $5 million renovation and expansion project at Mid Coast Senior Health, its senior health facility on Baribeau Drive in Brunswick.
Nearly 400 Bangor Savings Bank employees joined building project partners and community leaders who turned out Monday to celebrate the grand opening of the company’s new campus overlooking the Penobscot River in Bangor.
Maine Seacoast Mission selected Front Street Shipyard in Belfast for a significant refit of mission vessel, Sunbeam V. And construction of a building that will include the mission’s new headquarters has begun in Northeast Harbor.
Cinemark Holdings Inc.
The southern Aroostook County town of Island Falls, with a year-round population of less than 900, may not look much like Millinocket, 40 miles to the southwest, but the two towns have a lot in common.
WATERVILLE — New Dimensions Federal Credit Union, along with Bowman Constructors, broke ground at the site of its new main office at 94 Silver St.
GO Lab, an innovative, building products manufacturer based in Belfast, has received a $250,000 award from the U.S. Forest Service’s Wood Innovations Grant program. The grant will assist GO Lab in its mission to disrupt and transform the
Machias Savings Bank broke ground Monday on a new $5 million facility in Machias that will serve as an expansion of its home office.
The 256-unit market-rate Clark’s Pond apartment project in South Portland, which was approved by the city’s Planning Board last June, has picked up additional investment funding that will enable developer Vincent Maietta to complete the construction
Broker Mark Malone, of Malone Commercial Brokers, wasn't getting a lot of interest in the nine empty units at the Airport Mall on Union Street in Bangor.
Advocates of a proposed tax credit aimed at bringing more affordable housing to Maine made their case this week at a public hearing in Augusta.
After taking a year off, the Skowhegan Home Show — which gives a boost to the region's home and landscaping businesses — will be back Saturday, at the Skowhegan Fairgrounds.
Maine Heritage Timber has an interesting twist on the forest products industry. The Millinocket company recovers logs from area waterways — logs that were lost headed to mills.
U.S. Sens. Susan Collins, R-Maine, and Angus King, I-Maine, have joined a bipartisan group of senators in introducing the “Agricultural Export Expansion Act of 2019,” legislation to remove a major hurdle for American farmers and ranchers aiming to sell American agricultural products in the Cuban market. The bipartisan bill would support jobs in Maine and throughout the country by lifting restrictions on private financing for U.S. agricultural exports to Cuba.
Collins and King noted in a recent news release that the 2018 Farm Bill took steps to help American agriculture access the Cuban market by allowing funding for U.S. Department of Agriculture export promotion programs for U.S. agricultural products to be used in Cuba. However, they said, the biggest barrier for producers as they seek access to Cuba is the Trade Sanctions and Reform Act’s prohibition on providing private credit for those exports, which forces Cubans to pay with cash up-front for American-grown food. As a result, American farm goods have become less competitive, and Cuba has turned to other countries that are able to extend credit directly to Cuban buyers for transactions.
The proposed bill would amend the Trade Sanctions and Reform Act to allow for private financing of agricultural exports and level the playing field for American farmers competing in the global market.
Noting that farming continues to be a major economic driver of Maine’s rural communities, Collins and King said the legislation would “open up a significant new export opportunity, without costing the government any money or risking any taxpayer dollars.”