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The chief economist for Freddie Mac expects home sales in Maine will continue to climb, as the state rides a national tide of increased housing affordability and historic low-interest mortgage rates.
Nobody expected the waterlogged wood lining the bottom of Quakish Lake would become anything but pulp.But Tom Shafer is harvesting that wood for a new purpose. And it's given him a new purpose, too.
A bipartisan group of 11 legislators, who've been tagged the "Gang of 11," unveiled sweeping tax changes Wednesday that they say could close the budget gap in the state's next two-year budget plan.
Road crews, traffic detours and dusty, scarred landscapes are a far cry from the postcard Vacationland images that attract so many summer visitors to Maine.
As chairman of the Construction Law Practice Group at Bernstein Shur in Portland, Michael Bosse leads a team of five lawyers specializing in issues that affect construction companies.
Natural gas continues to capture headlines as more companies compete to bring it to consumers.
Maine's historic downtowns, community life, and its wonderful people drew me in like a magnet the very first time I visited. I grew up in awe of great architecture.
Michael Bosse, a lawyer who specializes in the construction industry, has a pretty interesting take on where the industry is going in Maine.
Legislative committees continue to pick apart specific portions of Gov. Paul LePage's $6.3 billion budget proposal, making recommendations to the appropriations committee, which will craft the final spending plan.
Developer George Schott has signed a $6 million agreement to buy a 248-room hotel and more than 200 apartments that served as Navy housing at the former Brunswick Naval Air Station.
Sappi Fine Paper's mill in Skowhegan has agreed to be an anchor customer for Summit Natural Gas of Maine, becoming the second major customer to sign on with Summit, which is competing with Maine Natural Gas for the Kennebec Valley's gas business.
Boston-based Xpress Natural Gas and Iberdrola subsidiary Maine Natural Gas have signed a letter of intent to cooperate in expanding natural gas service in the Augusta region before a natural gas pipeline is constructed.
The Sarah Long Bridge connecting Maine and New Hampshire will remain closed through May, nearly a month longer than originally expected.
The state will release $3 million in loans to Maine farms to support the construction of waste containment facilities.
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall economy,
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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