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S&S Seafood, a Freeport-based clam wholesaler, is closing due to its owner moving to Florida.
Prepaid card company CashStar of Portland said Wednesday it had closed a $15 million Series D round of venture capital led by FTV Capital.
Bigelow Laboratory for Ocean Sciences in East Boothbay was awarded a $298,674 National Science Foundation grant to study the interactions between viruses and the parasites that cause Dermo disease in oysters, clams and other bivalve organisms.
The state may start a visa program designed to bring more direct foreign investment into Maine, Maine Department of Economic and Community Development Commissioner George Gervais told the Sun Journal Wednesday.
FairPoint Communications Inc. (Nasdaq: FRP) reported net income Wednesday of $40.3 million in the second quarter of 2015 compared to a net loss of $45.2 million in the first quarter of 2015.
Nova Star Cruises reported Tuesday that 13,341 passengers rode the ferry between Nova Scotia and Portland in July, up just 2.3% over July 2014, and that it had secured a winter route.
Maine ended fiscal 2015 in June with a $59 million surplus and more than $111 million in its rainy day fund, but Gov. Paul LePage said he would like more.
U.S. Sens. Susan Collins and Angus King announced Tuesday that the Midcoast Regional Redevelopment Authority would be receiving $2.65 million in grant funding from the Federal Aviation Administration.
Always looking to innovate and boost production, potato farmers in Aroostook County are looking to boost yields under a new project by McCain Foods that involves planting potatoes on top of winter rye, barley or oats.
Husson University's College of Business and the Bangor School Department have signed an agreement creating the Bangor High School Business Academy, an initiative that will allow high school students to earn college academic credits.
Demand for North American lobster, with its “good luck” red color and savory taste, is skyrocketing in China, along with prices.
ReVision Energy is expressing interest in installing a solar farm in Rockland with up to 1,100 solar panels that could produce more than 400,000 kilowatt hours of electricity annually for up to nine shareholders.
LincolnHealth has hired consultants to study the feasibility of building a $13 million family care center on the campus of Miles Memorial Hospital in Damariscotta.
The Maine Center for Entrepreneurial Development said Tuesday that it and E2 Tech are among the winners of the 2015 SBA Growth Accelerator Fund Competition.
President Obama is hosting a White House event today at which Educate Maine's Project>Login program will be honored along with 21 other projects from across the country as innovators in offering efficient or flexible paths to technology training.
Steve Case, founder of AOL and CEO of investment company Revolution, will visit Portland on Oct. 2 as part of the Rise of the Rest bus tour that will invest $1 million total in startups.
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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