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Kennebec Savings Bank has appointed Michael Pietroski as vice president and retail regional manager for central Maine.
In 1994, Maine was known for its fishing, farming and logging industries. However, times have changed and three new industries are on the rise.
Bob Martin, former president of Maine Technology Institute, and Jeff Marks, executive director of Climate Work Maine, have been named executives-in-residence at Dirigo Labs.
To give youngsters a head start on saving and managing money, Maine State Credit Union has created a new savings product touted by a smiling green mountain.
Thomas College has been awarded a $1 million grant for a project to boost science instruction at the Waterville school.
The Hallowell Area Board of Trade, a local property management and apartment rental company servicing central Maine, has appointed Nick Lacasse as its new president.
Maine Savings Federal Credit Union has appointed Kaitlin Ferland and Kash Keezer to its mortgage loan officers team.
New Ventures Maine has appointed Suzanne Senechal-Jandreau, who began with the education and economic development program in 1997, to the role of program director.
For the third year in a row, Skowhegan Savings Bank will sponsor the prize for the Dirigo Labs business pitch contest, the culmination of a months-long accelerator program.
The parcel acquired by Ducks Unlimited is adjacent to the Garcelon Wildlife Management Area, which is overseen by the Maine Department of Inland Fisheries & Wildlife.
For months, banks and other businesses have looked for the Federal Reserve Board to cut interest rates, but the waiting game continues.
Basing its decision on new economic reports, the Fed on May 1 said it doesn’t plan to cut rates until it has “greater confidence” that inflation is slowing toward the central bank's 2% target. Three rate reductions had been projected for 2024, likely starting in June.
But for now, it appears the key borrowing rate in the U.S. will stay at a two-decade high of roughly 5.3%.
Keeping the rate so high for so long may tame inflation, but can also discourage new investment and business growth.
“The Fed is really stressing the banking industry,” said Andrew Silsby, president and CEO of Augusta-based Kennebec Savings Bank, in a Mainebiz story last month. “The economic environment is really quite difficult, but I haven’t quite figured out whether we’re through the storm or in the eye of the storm.”
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 MoreThis special publication examines the innovation infrastructure in Maine and the resources available to help entrepreneurs at the various stages of their journey.
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.
This special publication examines the innovation infrastructure in Maine and the resources available to help entrepreneurs at the various stages of their journey.
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