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Immediate and direct economic relief to businesses, financial support for education reopening and enhanced broadband expansion are the three top ideas from the committee charged to find ways to save the state's economy.
The RESTORE Act, similar to one being introduced in the Senate, provides longer-term loans that are more flexible than the Payroll Protection Act, and fixes some of the problems small businesses had with the original program.
The technology business has been around for 11 years, and began this one by changing things up. But Reconnect Inc. didn't anticipate it would get caught up in a tragedy that's changing the United States.
Despite the pandemic, the industry is big and getting bigger, partly driven by entrepreneurs with an appreciation of Maine's great outdoors and who aren't afraid to go off the beaten path.
To keep pace with the evolving financial needs of its customers during the pandemic, the Finance Authority of Maine is offering special terms in several of its business assistance programs.
Every summer, Ben & Bill's Chocolate Emporium is packed with customers eager to buy a Willy Wonka-level array of homemade candies and ice cream. This year is dismal. Co-founder Bill Coggins has launched a GoFundMe campaign to keep going.
When the pandemic began to threaten the local economy of Mount Desert Island, a group of summer residents joined with neighbors and the community to provide grants to businesses in need.
Performing arts venue One Longfellow Square has launched a crowdfunding campaign to stay afloat until mid-2021, while Coastal Enterprises Inc. receives a donation to help in its COVID-19 relief efforts.
In the final round of the Maine business-pitch television series, Erin Flett competed against Chad and Nicole Humphrey of Humphrey's BBQ and Heather Desjardins of technology startup iTell Alert.
When it became clear in April that the Kennebec River Brewfest, the chamber's biggest fundraiser, would not happen in August as planned, the chamber came up with Brewfest in a Box. It sold out in three hours Wednesday.
This year perhaps more than ever, Mainebiz needs your help in finding inspirational leaders from the private and nonprofit sectors to honor.
Black Dinah Chocolatiers, named for a mountain on Isle au Haut, told customers on Facebook that it will drop its name after a more than a decade in business, citing the Black Lives Matter movement and concern about customers' reaction to the name.
The grant program was set up in February to pay for technical assistance to small businesses, and expanded in May to help them survive the pandemic. Funding from the Bill and Joan Alfond Foundation recently increased the number of beneficiaries.
In this second Mainebiz discussion of the Paycheck Protection Program, a panel of four experts will show how businesses can qualify for loan forgiveness, and will review the latest rules and share case studies.
As COVID-19 cases stay flat and decrease in 13 rural counties, tap rooms, bars, and more are allowed to reopen June 12. But the reopenings require adherence to state health and safety checklists, some of which have been updated.
The bipartisan Paycheck Protection Program Flexibility Act, co-sponsored by U.S. Sen. Angus King, makes adjustments to better support small businesses coping with the pandemic's economic fallout.
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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