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The existing lift is over 50 years old. The new lift will feature technology such as a touchscreen interface that eases system operations and maintenance.
The 8,000-seat arena under construction in Bangor will be named the Cross Insurance Center when it's completed next fall. The Bangor-based company paid $3 million for long-term naming rights for the facility.
Wisconsin-based Johnson Outdoors, the parent company of Old Town Canoe & Kayak, said its plans to consolidate operations in Old Town will ultimately mean a net increase of jobs in Maine, despite the elimination of seven Old Town positions.
A local investor group led by the Harris family has purchased the ailing Bath Country Club for $1.395 million. Harris Golf plans to rename it the Bath Golf Club.
When completed, the new Oxford Casino is expected to create over 900 new jobs, carry a $32 million payroll and generate $69 million in revenues for the state, according to a report from UMass Dartmouth.
For more than a century, Rumford's downtown has been bookended by two powerful residents: the paper mill to the east and Pennacook Falls to the west. The mill here has long been the center of the town's economy.
Oxford Casino paid out $28,600 to the town of Oxford this week as the first revenue-sharing payment to its host community.
New Hampshire-based Ocean Properties has opened its newest hotel in Bar Harbor, a project that generated lengthy debate and legal challenges from another Down East hotelier.
A proposed 90-room Hampton Inn in Lewiston has received its final planning board approval and is set to break ground in September. The hotel, built by developer Parallax Partners, should open by summer 2013.
More than $2 million will soon be available for wetland and wildlife habitat protection in Maine.
According to the results of a comprehensive study conducted recently by the tourist industry (OK, it wasn't that exhaustive; they just spoke to a few people at an information center parking lot) most tourists come to Maine for three reasons: to vi
Portsmouth, N.H.-based hotel firm Ocean Properties has purchased a Bar Harbor subsidized housing complex to use as employee housing, and has asked current tenants to relocate. Ocean Properties owns several hotels in Bar Harbor.
Work began yesterday to remove the Great Works dam on the Penobscot River, a year and a half after the Penobscot River Restoration Trust bought the dam and two others for $24 million.
A new report from Planning Decisions Inc. says Maine's summer camps generate more than $330 million in economic impact, or about 90% as large as Maine's boatbuilding industry.
In a class-action lawsuit filed yesterday, two servers claim the Eastland Park Hotel withheld some of their tips.
The Oxford Casino yesterday opened its doors, first with an invitation-only preview and then to the public. The owners, management and staff held a ribbon-cutting and reception before opening to the public at 6 p.m.
Carrabassett Valley Academy, a ski school in western Maine, broke ground Friday on its new, $2.5 million academic center, part of its $7 million New Campus fundraising campaign.
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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