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New owner of Lewiston manufacturer Poly Labs doubles workforce in 100 days
Laurie Schreiber February 25, 2021November was slow, but then December hit and demand exploded from existing and new customers. The company, which makes plastic components for a variety of industries, has been hiring as fast as it can.
Maine home-sales pricing, volume up by double digits again in January
Staff Updated: February 22, 2021Buyer demand for Maine real estate remains strong. Sales volume jumped 18.38%, comparing January 2021 to January 2020. But December sales were up 31.53% over December 2019. For-sale home inventory is historically low.
Octagon-shaped B&B in Oakland changes hands
Laurie Schreiber February 19, 2021Built in 1850, the inn features an octagon-shaped house and attached post-and-beam barn on the shore of Messalonskee Lake. One suite was carved out of the octagon’s granite foundation. The pandemic-driven real estate market resulted in multiple…
Is 1031 all done? An investment tool, commercial real estate boon faces elimination
Maureen Milliken Updated: February 22, 2021Named after its IRS section code, the 1031 benefit allows an investor to put off capital gains tax and has been spurring commercial real estate transactions for decades. But that could change for high-income investors.
Picture this: Art collectors keep Maine artists, dealers busy during pandemic
Renee Cordes Updated: February 22, 2021Regardless of what motivates people to invest in art, it can have financial payoffs over time, as 2020 demonstrated for some Mainers. While the pandemic has affected the state's art scene, it remains vibrant.
Building Business: A mild winter helps Maine construction projects move quickly
Peter Van Allen Updated: February 22, 2021From condos to a car wash, construction projects — especially in the southern part of the state — are nearing completion.
Thomas student's startup aims to modernize Maine snowmobile tourism
Maureen Milliken February 18, 2021Entrepreneur Jake Ward, frustrated at the lack of convenient information on the state's extensive snowmobile trail network and amenities, has created a website to boost an industry that draws 30% of its participants from out of state.
Poland Spring, other Nestlé water brands sold to investment firms for $4.3B
Renee Cordes February 18, 2021The buyers are an affiliate of One Rock Capital Partners LLC and family-owned investment firm Metropoulos & Co., whose founder will become chairman and interim CEO of Nestlé Waters North America when the transaction is completed.
Inside Maine's hottest towns of 2020: 'It never lets up'
Maureen Milliken February 17, 2021Pandemic flight, lack of inventory, bidding wars, spiking prices, the Portland spoke effect, cash buys, $5.9 million spec houses, Lisbon — oh my! What's behind Maine's hottest real estate towns and cities of 2020.
Lewiston unveils new logo as part of city marketing campaign
William Hall February 17, 2021The logo and rebranding initiative result from over a year of development, including a community input process that hosted 21 focus groups and drew 14,000 survey responses.
Today's Poll
Sponsored by Kennebunk Savings Bank
The days after Thanksgiving are the traditional start of the holiday shopping season. Many shoppers are already setting their sights on the whirlwind of holiday shopping — Black Friday, Small Business Saturday and Cyber Monday.
Major retailers like Walmart, Target, Amazon and Best Buy have already launched early deals, giving shoppers a head start on savings.
A record 186.9 million people plan to shop from midnight on Black Friday through Cyber Monday, according to a consumer survey by the National Retail Federation. The figure is up by more than 3 million total shoppers from last year's record.
The National Retail Federation forecast also calls for holiday spending to surpass $1 trillion for the first time, with sales predicted to grow between 3.7% and 4.2% from 2024.
The Giving Guide
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 More
Work for ME
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.
Learn More
Groundbreaking Maine
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 more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
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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