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Midcoast
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Three Maine cultural institutions will share $659K in federal grants
August 6, 2021The grants are designated for the Coastal Maine Botanical Gardens, First Amendment Museum and Maine Maritime Museum.
Bath Housing portfolio transfer expected to facilitate new funding
August 5, 2021The transfer allows Bath Housing Development Corp. to pursue new funding avenues for enhanced resident services and capital improvements. A 2020 analysis revealed housing needs have outpaced solutions.
Rockland mulls impact of proposed three-fer property sale on working waterfront
July 28, 2021Three pieces of the Rockland waterfront, totaling nearly nine acres, are being marketed as a single commercial offering. Some worry a sale could result in longstanding businesses getting crowded out, but the city says it's looking for balance.
Camden National beats expectations on Q2 earnings
July 28, 2021Camden National Bank reported second-quarter net income of $18.1 million, up 66% over the same period last year, amid loan growth in residential mortgages and commercial real estate.
Belfast community solar project goes live, powering up to 1,000 homes and businesses
July 27, 2021A new community solar project in Belfast is expected to provide 7 megawatts of energy to nearly 1,000 Maine residential and small-business customers. It’s the third Maine project launched by PowerMarket and SunRaise Investments.
New all-in-one tasting center to promote Maine’s food and drink
July 26, 2021The Wiscasset business, featuring a tasting and learning center, opened several weeks ago to highlight Maine products through educational events, showcases and tastings. The family business is geared toward agritourism.
Development plans stall for Camden’s former tannery site
July 26, 2021The proposal envisioned an “affordable industrial village.” The Select Board requested a housing component, complicating further negotiations. Still, said one official, “I don’t think it’s an impossible project.”
Draft defense bill could mean more work for BIW, other Maine contractors
Updated: July 26, 2021A draft bill in Congress could mean more work for Bath Iron Works and other Maine contractors, according to U.S. Sen Angus King, I-Maine, a member of the Senate's Armed Services Committee, a member of the Senate's Armed Service Committee.
Maine home prices are up 25%, and sales are taking place in half the time
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.
First National Bank parent earnings up 34% for Q2
July 22, 2021Damariscotta-based First Bancorp, parent company of First National Bank, on Wednesday reported a 33.8% increase in earnings during the second quarter of 2021, compared to the same period last year.
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