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Maine International Trade Center announced today the seven Maine companies with innovative products that have been selected for this year's New Products Global Showcase.
Recently, I traveled to Taipei on behalf of York-based Maine Coast, one of the largest exporters of lobster in the United States. We concentrate on both North American and overseas markets. I joined the Maine Coast team in June 2018.
The Eastport Port Authority is exploring opportunities for new shipments out of the city's port, including a range of forest products.
Jon Nass, CEO of the Maine Port Authority, has been elected to the board of directors of the International Association of Maritime and Port Professionals.
Auburn Manufacturing, Luke's Lobster Seafood Co. and Thornton Academy are among the 2019 International Trade and Investment Awards honorees, unveiled by the Maine International Trade Center on Tuesday.
The Warren-based contractor is expanding its trade scholarship program to two $1,000 prizes this year.
Jonathan Nass, CEO of the Maine Port Authority, on Wednesday urged Maine businesses to consider shipping from Portland if they're not already doing so amid an international trade boom and “serious talks” about starting short-sea shipping to New York.
Rising Tide Brewing Co. and other brewers are forging a new market overseas, thanks in part to Maine Brewers' Guild's “Maine Beer Box” international marketing efforts.
Maine's lobster harvesters had a strong year in 2018, landing 119.64 million pounds. That was an increase of nearly 8 million pounds over 2017's figure of 111.9 million pounds, according to a Department of Marine Resources news release.
Cooke Inc., an aquaculture company based in New Brunswick that has salmon farms and hatcheries in Maine, has acquired Seajoy Seafood Corp. group, one of the largest vertically integrated premium shrimp farms in Latin America.
The first use of the Port of Eastport's bulk conveyor system is expected this spring.
Last year was fraught with challenges for any company involved in international trade.
C&L Aerospace, part of Bangor-based C&L Aviation Group, announced today it is opening a satellite office in Singapore to serve commercial and regional airline customers in Asia.
Six years after Eimskip moved its U.S. headquarters to Portland, another company doing business between Iceland and North America aims to make its mark in Maine's largest city. The future newcomer is Isafold, a newly established subsidiary of North
The launch of two new tenders for a superyacht under construction in Germany signals a thriving niche market — although one facing increasing competition — for the Damariscotta superyacht tender division of Hodgdon Yachts.
A new international consortium of universities and businesses could expand economic and educational ties between Maine and countries such as Iceland and Norway.
Maine's congressional delegation announced Tuesday that Flemish Master Weavers, with 130 employees working at its 210,000-square-foot plant in Sanford, prevailed in its application for an exemption from a tariff on yarn it uses to manufacture area
Sen. Nathan Libby, D-Lewiston, is sponsoring a bill, LD 149, that would ask voters to approve a $250 million bond issue to ease student debt. Under Libby’s proposal, if voters approved, the $250 million bond would fund a program administered by the Finance Authority of Maine to help pay off student loan debt for individuals who agree to live and work in Maine for five years. It also would reimburse employers that make student loan debt payments on behalf of their employees who agree to live and work in Maine for five years.
Andrea Cianchette Maker, a partner at Pierce Atwood, testified in support of the bill on behalf of Acadia Insurance and IDEXX Laboratories. Citing figures from the Project on Student Debt, Maker noted the average student loan indebtedness for Mainers is $31,364, which is 10th highest in the nation. In total, she said, Mainers owe more than $6 billion in student debt.
“If enacted, LD 149 could be a game-changer for our state,” Maker wrote. “It will significantly help Maine attract and retain a desperately needed future workforce by helping our workers get out from under college debt in an expedited manner. After that debt is paid, they will be fully engaged in Maine's economy and in a much better position to invest in their futures here in Maine, from buying a first home to raising a family.”
At its May 9 public hearing, the bill received support from Behavioral Health Community Collaborative, Maine Association of Realtors, Maine State Employees Association, AARP Maine, Finance Authority of Maine, Maine Tourism Association, Lewiston Auburn Metropolitan Chamber of Commerce and a number of individuals who shared personal stories about how their student debt adversely affects their lives.
Of the 27 people testifying at the hearing, only a few opposed Libby’s bill outright — essentially saying the state’s resources are not unlimited and the bond would divert funding from other essential needs.
The fiscal statement attached to the bill indicates a 10-year $250 million bond would require another $65.3 million to pay off at a 4.75% interest rate, for a total cost of $315.3 million.