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How to find and work with a lender for ESOP financing
Jay Hood, Machias Savings Bank Updated: January 5, 2024Studies show ESOP participants have higher retirement account savings than non-ESOP counterparts and also have better job security, writes guest columnist Jay Hood, chief lending officer at Machias Savings Bank.
2024 Forecast: Maine’s ‘readiness for anything’ has galvanized in recent years
Peter Van Allen Updated: January 8, 2024Lee Umphrey, president and CEO of Eastern Maine Development Corp., urges leaders to continue to look for new ways to work together in 2024.
2024 Forecast: Higher interest rates slow new boat orders slightly
Laurie Schreiber Updated: January 8, 2024In 2022, Hinckley Yachts saw record orders, retrofits and new builds, the launch of its first luxury hybrid model — but also a squeezed labor market.
Bar Harbor advances $40M phased proposal for ferry terminal redevelopment
Laurie Schreiber Updated: January 3, 2024An all-tide launch ramp is a priority. Other components would be phased in as funding is available. “It looks like smaller bites of the whale is the proper way to go,” said a town councilor.
After two-year peak, Jackson Lab's grant funding drops to pre-pandemic levels
Laurie Schreiber Updated: January 2, 2024Fewer COVID-related research grants contributed to the drop. From 2020-22, the lab received 23 COVID-related grants; 2022 had the least with three awards.
Construction starts on seasonal housing units near Acadia National Park
Laurie Schreiber Updated: December 27, 2023A housing shortage has a direct impact on Acadia’s ability to hire a seasonal workforce. The project will build eight units on land acquired from the Rockefeller family.
After tough year, Maine's wild blueberry growers seek state tax relief
Laurie Schreiber December 22, 2023“It’s been a roller coaster on the price we receive,” ranging from 25 cents to 75 cents per pound in recent years, said one producer. Expenses include labor, field inputs and honeybee hives.
Storm's aftermath: Cleanup starts in central and western Maine; L-A braces for peak flooding
Peter Van Allen, Alexis Wells, Renee Cordes December 20, 2023Nearly half a million customers lost power in Maine, and Central Maine Power said that in some interior parts of the state power restoration could take up to six days.
Acadia visitor center would be renamed in honor of U.S. Sen. George Mitchell under proposal
Peter Van Allen December 15, 2023Mitchell, who was born in Waterville in 1933, represented Maine in the U.S. Senate from 1980–95 and was majority leader from 1989 to 1995.
Southwest Harbor gets $4.25M federal grant to upgrade wastewater plant
Alexis Wells December 11, 2023The Southwest Harbor Water and Sewer District has been awarded a $4.25 million grant and a low-interest loan of $5 million to help with the increased cost of equipment and materials for its wastewater treatment upgrades.
Today's Poll
We're roughly halfway into the unofficial summer tourism season, with Memorial Day and July 4th behind us.
Last week, AAA forecast record traffic for the holiday weekend, particularly with July 4 falling on a Friday — and the heavy traffic heading south on the Maine Turnpike Sunday evening bears out that forecast.
At the same time, rainy weekends have also been part of the summer mix.
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.
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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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