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Banks, wealth management firms gear up for new fiduciary rule
November 28, 2016Maine banks, wealth management firms and other financial advisors who work with retirement plans or provide retirement planning advice are gearing up to meet a new fiduciary rule from the Department of Labor that's scheduled to be gradually phased
November 28, 2016
One on One with John Witherspoon, president of Skowhegan Savings
November 28, 2016John Witherspoon never envisioned a career in banking. But in 1979, fresh out of college and a three-month hiking adventure on the Pacific Crest Trail, Witherspoon joined Kingfield Savings Bank as a management trainee.
November 28, 2016
Federal judge puts brakes on new OT rules slated to take effect Dec. 1
November 23, 2016A federal judge in Texas on Tuesday granted a preliminary injunction blocking the U.S. Department of Labor's new overtime regulations from taking effect nationwide on Dec. 1 as originally scheduled.
November 23, 2016
Condo developers buy 162-year-old Portland lumberyard property
November 22, 2016One of Portland's oldest businesses, Rufus Deering Lumber Co., will be closing on Nov. 30. City spokesperson Jessica Grondin said the buyer of the property, located at 383 Commercial St., is a developer partnership that has built high-end condos in
November 22, 2016Damariscotta Chamber director announces resignation
November 16, 2016Toni Crouch, the executive director of the Damariscotta Region Chamber of Commerce, will be retiring on Dec. 31. She joined the organization in August 2013.
November 16, 2016Diversified Communications recognized as 'business of the year'
November 15, 2016Diversified Communications has been recognized as the “business of the year” by the Portland Development Corp. for its role as one of the largest employers in the city's downtown and for engagement within the local community.
November 15, 2016Further thoughts on Isle au Haut: Entrepreneurs by necessity
November 14, 2016After spending a day on Isle au Haut last month reporting my Oct. 14 story, “An island community confronts its economic challenges,” I returned to the mainland with uneasy feelings about the future of the year-round island community.
November 14, 2016
Steve Hewins talks his ambitious plans to bring a convention center to Portland
November 14, 2016The recently-appointed head of both the Maine Restaurant Association and Maine Innkeepers Association went public in early November with his aspirations to bring a convention center to Portland.
November 14, 2016
How To: Develop a succession plan for a family business
November 14, 2016Consider this: Some 35% of Fortune 500 companies are family controlled, according to Conway Center for Family Business. Family businesses account for 64% of U.S. gross domestic product and generate 62% of the country's employment. They account for
November 14, 2016
L/A chamber president resigns over fundraising raffle with AR-15 as prize
November 10, 2016The president and CEO of the Lewiston-Auburn Metropolitan Chamber of Commerce, Matt Leonard, submitted his immediate resignation to the board Wednesday over fallout from a now-canceled raffle of a semi-automatic AR-15 rifle on Election Day.
November 10, 2016
Election Day in Maine has come and gone. Here's where the results stand
November 9, 2016Maine voters took to the polls this week to make their voices heard on a number of ballot measures that impact the state's business community, including the legalization of recreational marijuana, raising the state's minimum wage and a $100 million
November 9, 2016Iowa firm acquires Vassalboro window, door manufacturer
November 3, 2016Duratherm Windows Corp., a nearly 50-year-old Vassalboro-based manufacturer and designer of custom windows and doors, has been acquired by the Iowa-based Pella Corp., in a transaction that will expand Pella's manufacturing reach to 13 locations
November 3, 2016
A frightful tour of Bangor, courtesy of Stephen King's mind
October 31, 2016Scary clowns might be terrorizing communities across the country, but if you want to visit Derry, the town where the fright first entered the minds of many after Pennywise from Stephen King's novel “It” terrorized children, you might want to take a
October 31, 2016
As Maine's labor supply shrinks, its reliance on migrant workers grows
October 31, 2016According to the Maine Department of Labor, a 2012 U.S. Department of Agriculture National Agricultural Statistics Service census says 125 Maine farms reported hiring 2,706 migrant workers; that's about 18% of Maine's hired farm labor workforce.
October 31, 2016$1.75M to CEI among $3.6M awarded to community dev. institutions
October 25, 2016Five Maine organizations will be on the receiving end of $3,649,544 through the Community Development Financial Institutions Program and the Native American CDFI Assistance Program.
October 25, 2016
CourseStorm raises $760K, sees fast growth in education software
October 20, 2016CourseStorm Inc., an Orono-based company that provides cloud-based software to help informal educational programs like after-school learning, adult education and workforce development, has raised a total of $760,000 in equity, with Maine Venture
October 20, 2016
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