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Downeast
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Portland-based renewable energy company gets $25M in growth capital
Staff August 17, 2021ORPC’s RivGen system harnesses river and tidal current energy to generate electricity. Over 2 billion people worldwide have limited access to electricity, prompting bullishness from the new investors.
12 Maine towns and organizations awarded $5M for economic development
Catie Joyce-Bulay August 11, 2021A new round of grants from the Northern Border Regional Commission will fund improvements from Augusta to Machias to Limestone.
Hotels in Maine destinations among New England's priciest, but industry is hurting in other places
William Hall August 11, 2021While nightly rates in cities like Boston and San Francisco have dropped, the price hotels charge in smaller cities and resort areas, including Bar Harbor and Portland, has soared, according to a recent survey.
Bar Harbor considers limits on cruise ship numbers, and industry pushes back
Laurie Schreiber August 5, 2021Restrictions on the numbers and sizes of cruise ships calling at Bar Harbor are under review. An industry association warned the town there may be legal consequences if it clamps down on vessel visits.
JAX will spend $5M to raise minimum wage for over 1,000 employees
Staff August 3, 2021Employee attraction and retention were top of mind at the Jackson Laboratory when it instituted an immediate increase to its hourly minimum wage. The lab has 220 open positions, including nearly 70 in Maine.
Bar Harbor Bankshares reports Q2 earnings increase driven by higher fee income
Renee Cordes Updated: July 27, 2021Earnings per share increased 9% from the same period last year for the parent company of Bar Harbor Bank & Trust, the third-largest Maine-based bank.
Maine home prices are up 25%, and sales are taking place in half the time
Staff Updated: July 23, 2021Continued high demand indicates pent-up buyer demand in Maine. Homes continue to go under contract rapidly after multiple offers. But for-sale supply is improving, perhaps bringing better balance to Maine’s real estate market over time.
Senate recognizes blueberry industry, as Maine plans weekend festival
Renee Cordes Updated: July 23, 2021A bipartisan resolution unanimously passed by the U.S. Senate on Thursday, co-sponsored by Maine's two senators, recognizes the importance of the blueberry industry to the United States and its $4.7 billion annual economic impact.
Nonprofit Notebook: MCF Hancock County grants, Maine State Credit Union scholarships
Renee Cordes Updated: July 20, 2021In a roundup of nonprofit news, the Maine Community Foundation awards grants to 27 nonprofits in Hancock County while Maine State Credit Union awards $100,000 in scholarships to Maine residents.
Ashore in Washington County, the Coast Guard tackles scarce housing
Laurie Schreiber Updated: July 20, 2021The U.S. Coast Guard's remote stations in two Downeast communities are deemed a “critical housing area.” The housing projects aim to shorten commutes and make it easier for service personnel to live with their families.
Today's Poll
Summer is in full swing, and many readers are thinking about where to go next.
Maine often tops the list with its stunning coastline, fresh seafood, peaceful forests and charming small towns. Maine is known as Vacationland for a reason.
Not surprisingly, many people who live in Maine also vacation here.
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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