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The Damariscotta-based parent of First National Bank will pay a quarterly cash dividend of 34 cents per share on the heels of strong operating results in 2022.
The bakery is part of a group of three related businesses — Solo Italiano restaurant in Portland and Solo Cucina Market in South Portland. “We walked in and said, ‘This is a beautiful space,’” said one partner.
Eastern Maine Development Corp. will receive $500,000, Sunrise County Economic Council will receive $15,679 and the Androscoggin Valley Council of Governments will get $12,884 for training, technical help and loan assistance in eight Maine counties.
Acceptance trials ensure a ship’s systems are operational before the Navy takes delivery. In 2021, BIW supported more than $1.8 billion in total economic output.
Sweet Dirt, which now has five stores, has opened its fourth adult-use shop, located at 305 Main St. in Rockland.
Bath Iron Works supported more than $1.8 billion in total economic output in 2021, including $980 million contributed to state GDP, according to a USM study released by BIW.
The rents were below market and some space that was not being used could go for residential or commercial redevelopment.
The $5,000 fellowships recognize artistic excellence and aim to advance to the careers of Maine artists.
After more than 60 years, the Rockport arts organization bought its first permanent home in neighboring Camden and almost doubles the size of its footprint.
Amazon is just the latest business to bring goods to the island community. The Laura B has delivered "backhoes, goats, pigs, cows, water, fuel, building materials, TVs ... everything but babies" to Monhegan, her owner says. Supplying the 70 year-…
Sponsored by Kennebunk Savings Bank
Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.
This week alone, Portland is set to welcome around 16,000 cruise ship passengers.
But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.
When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.
More than half of the respondents, 53%, said cruise ships benefit the overall economy.
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 MoreWork 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 MoreWhether 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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