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Augusta just can't let go of long-vacant "Cony Pride" building; Portland's residential market mirrors the state's, only on steroids; Maine Preservation endangered places nominations open; and other updates from Maine's real estate scene.
The latest infusion can be “stacked” with other funding streams, to address not just infrastructure but other challenges such as affordability and access to devices. Planning and communication among stakeholders is key, said ConnectMaine’s chief.
The 2021 Business Leaders of the Year include the leaders of Landry/French Construction, who are making an impact statewide, from reshaping Waterville to preparing an Abbott Laboratories building in Westbrook for COVID-19 test production.
Real estate happenings this week include the restaurant at Colby College's Lockwood Hotel opening, Eliot's Sweet Dirt cutting the ribbon at its new Forest Avenue location and an Augusta restaurant finds a temporary takeout home at a closed Frosty's.
The investment consists of $26.2 million in state and federal tax credits, plus a $4.2 million subsidy, to build or renovate nine developments across the state.
Restaurants have invested in “igloos,” deck porches, covered structures, fire pits, fish shacks, greenhouses and heat lamps. The Maine Outdoor Dine website helps users locate the businesses across the state.
The compromise budget exempts more than 28,000 businesses from paying state income taxes on Paycheck Protection Program loans. It also gives a tax break to 160,000 Mainers who collected unemployment in 2020.
“We are going to start planning now so we can provide our students and community members with a traditional, on-campus college experience and as much normalcy as possible," said University of Maine System Chancellor Dannel Malloy.
The state has identified a general area off the southern Maine coast as a potential site for a planned wind-turbine array, but an official says, “We know the industry has emphasized that nowhere is a good place for this."
Also in real estate news, an update on Lewiston High School's expansion, Augusta's Children's Center makes an announcement and Spectrum opens its 12th Maine store.
A year ago, respondents shared their predictions about the economy in 2025 amid concerns about inflation, wage pressures and the new administration in Washington.
Around 43% expressed cautious optimism, acknowledging potential ups and downs, while roughly 27% felt pessimistic about the year ahead.
So, what do you think?
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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.
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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.
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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