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Bankruptcy

🔒Northeast Harbor hotel in Chapter 11 sold to hospitality firm for $60M

Approximately $14 million in liens were filed against the seller by contractors who worked on an extensive renovation.
Manufacturing

🔒Planned Somerset County plywood plant clears hurdle with USDA backing

Maine Plywood USA LLC, set to receive $11.9 million in loan guarantees through the USDA Rural Development program, is expected to employ up to 110 people.
Government funding

🔒Portland budget proposal calls for raising property taxes, cutting 74 positions

The proposed FY 2027 city budget for Portland, if approved, is estimated to raise property taxes by 4.2%, increasing the average homeowner’s bill by $130. It also recommends eliminating 74 staff positions.
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Latest Stories

Manufacturing

Bath Iron Works inaugurates $40M building to speed production of Navy warships

The new Pier Support Center, adjacent to where BIW's first Flight III destroyer is being completed was built to house mechanic space for trades heavily involved in waterborne construction.
Housing

Maine home supply stays tight in March as median price holds steady

For many prospective buyers, housing affordability is a challenge due to the imbalance of supply and demand of homes for sale.
Agriculture

🔒Mushrooming business: MTI grant helping spark expansion at North Spore

There’s been “a real increase in demand from customers wanting to grow mushrooms outdoors in their gardens” with over 20% growth in that category, said North Spore’s president.
Retail & Food Service

Buyer of Blue Hill garden center will add brewery

The buyer of a Blue Hill garden center plans to expand his Orland brewery operation there while continuing the garden center. Eventual buildout of a taproom is envisioned.
Real Estate & Construction

Sherwin-Williams leases warehouse and office space in South Portland

The location is considered ideal for its proximity to I-295, the Maine Mall and the Portland International Jetport. Sherwin-Williams has over 5,000 stores globally.
Real Estate & Construction

Ellsworth to assess downtown properties for potential housing development

The project will document 272 buildings within the downtown district to identify underutilized spaces, redevelopment-ready properties and opportunities for upper-floor housing.

Movers & Shakers

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Digital Partners

Career Opportunities

Economic Development Specialist

City of Bangor
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Bangor, Maine
$29.14 to $39.12 per hour
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Government funding

🔒Maine’s modular housing industry in limbo after Legislature fails to support regulatory fix

Maine’s modular construction industry hit a regulatory roadblock this month, which is expected to derail hundreds of planned housing units. A temporary funding allocation may rescue a handful of projects.
Higher education

Free community college enshrined in Maine’s supplemental budget

“This is a once-in-a-generation moment for Maine’s higher education landscape,” David Daigler, president of the Maine Community College System, said at Friday's ceremony.
Health care

🔒$23.5M deal tops Maine office building sales to date

The property was never formally marketed. A targeted outreach process to a select group of six qualified medical real estate investment trusts resulted in competitive interest.
Health care

Costly health care coverage cutting into wage growth

A survey of Maine employers by the Healthcare Purchasers Alliance of Maine found that 29% have curtailed wage increases as a way of coping with higher health care premiums.
How to

No laughing matter: How to bring humor to the workplace

If you’re trying to bring more laughter to work, our columnist suggests sticking to safer jokes and being careful with imitations.
Economic development

After years of planning, a waterfront park breaks ground on Portland’s East End

With hotels, a marina and office space coming into the neighborhood, preserving a piece of public-use waterfront has become a priority.
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Latest Poll

With Maine elections coming up this year, what should candidates establish as priorities?

Maine voters are heading into an important election year as statewide and federal races take shape, including contests for the Governor, the U.S. Senate and two House of Representative seats.

The gubernatorial field includes several candidates. The U.S. Senate race features the incumbent U.S. Sen. Susan Collins, R-Maine, alongside challengers Gov. Janet Mills and Graham Platner and others.

Primary elections will take place on Tuesday, June 9, and the general election is scheduled for Tuesday, Nov. 3.

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Featured Columns

How To

How to enrich your workplace through community engagement

Volunteerism is a strategic investment in both people and place, the leader of a Portland-based nonprofit writes in this guest column.
Made in Maine

🔒Made in Maine: A Maine seaweed product taps into an international market

In March, Ocean’s Balance was named “Exporter of the Year” by the Maine International Trade Center.
Friday Food Insider

🔒Friday Food Insider: Falmouth’s Old Smith Farm will reopen under new ownership

Old Smith Farm, a restaurant and event venue at 226 Gray Road in Falmouth, will reopen on May 26 under new ownership and management.

Thought Leaders

More Thought Leaders

How Smart Investors Structure Real Estate Loans for Cash Flow and Growth

Matt Jarrell, SVP Commercial Banking Officer, Machias Savings Bank shares why the right financing strategy matters as much as the right property.

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