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Banking & Finance

🔒WEX names new chair of reshuffled board as hedge fund wins seats

David Foss was named board chair at the Portland-based provider of financial technology services to replace Melissa Smith, who will retain a board seat and remain as president and CEO.
Business expansion

🔒Longtime Portland jeweler aims for bigger sparkle in city’s Old Port

The family-owned business will triple its retail footprint with a move to 455 Fore St., expanding to 6,000 square feet from its current location at 580 Congress St.
Friday Food Insider

🔒Friday Food Insider: Niche photographer offers fresh lens on Portland food scene

The Photo Kitchen features a fully functional kitchen designed for food photography, video shoots and content creation.
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Latest Stories

Mergers and acquisitions

Boothbay Harbor insurance agency acquires Damariscotta peer

J. Edward Knight Insurance dates back to 1898 and David Chapman Insurance Agency to 1937. Chapman was a farmer who began offering insurance to supplement his farm income.
Transportation

Six Maine airports to split $13.6M for improvements

Runway improvements and airport layout updates are among long-overdue infrastructure projects that received Federal Aviation Administration money.
C-suite

Women execs talk leadership, career caveats at Mainebiz forum

From the “disease to please” to minimizing one’s physical presence, this year's Mainebiz Women's Leadership Forum explored habits that can hold women back from reaching their goals, as outlined in a book entitled "How Women Rise."
Retail & Food Service

🔒Sale of Wells diner still on the table as foreclosure auction looms

"I am doing everything that I can to keep the business open," owner Jim MacNeill told Mainebiz in a phone interview this week, adding that the diner is open and ready for the tourist season.
Banking & Finance

🔒Boston Fed chief opposes rate cuts ‘for some time’

Susan M. Collins, president and CEO of the Federal Reserve Bank of Boston, said she opposes interest rate cuts as the Iran war pushes inflation to a three-year high.
Startups & Entrepreneurs

Top Gun prize winner aims to bring coworking concept to open water

Saco Bay Sea Farms is developing a “plug-and-play” aquaculture coworking space, allowing farmers to test sea farming practices at a fraction of the cost typically required.

Movers & Shakers

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Digital Partners

Career Opportunities

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Banking & Finance

Bangor Region YMCA expansion garners $4M in additional financing

The Bangor Region YMCA is building an 82,000-square-foot community center to replace a 45,000-square-foot facility that’s considered obsolete.
Downtown revitalization

Allied Cook Construction is renovating Avesta housing complex in Sanford

Avesta Housing is refurbishing the 40-unit affordable apartment complex Patriot Place in Sanford. It is a $9.6 million project.
Business expansion

Westbrook kitchen countertop supplier opens expanded showroom

Blue Rock Industries' 11,000-square-foot facility, at 737 Spring St., features racks of stone and tile samples, full-size panels and built counters.
Real Estate & Construction

🔒Midcoast sports complex now under construction has been a ‘vision for several years’

The owners of Rockland-based Maritime Energy fuel and heating oil company, based in Rockland, are developing a 64,000-square-foot sports center in Thomaston.
Manufacturing

🔒Thomaston boatbuilder to expand with 15,000-square-foot composites facility

The advanced composites center will join two other specialized manufacturing facilities, creating a hub for advanced manufacturing, metal and composite fabrication and technology development.
Economy

🔒Maine business groups set goals for state economy in 2035

A report released by the Maine State Chamber of Commerce and Maine Community Foundation calls for a more predictable, efficient and transparent regulatory environment.
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Latest Poll

What is your outlook for the 2026 summer tourism season?

Maine's tourism industry is a major driver of the state's economy, with visitors drawn to the coast, mountains, lakes and seasonal destinations.

According to the Maine Office of Tourism, the state typically sees more than 15 million annual visitors, who generate more than $9 billion in spending. Tourism supports 116,000 jobs at hotels and inns, retail operations and at companies that specialize in outdoor recreation.

At the same time, this year travelers face higher costs for gasoline, airfare, hotel rates and short term rentals, all of which may influence vacation plans.

As we head toward Memorial Day, anticipation builds for the upcoming tourism season.

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Featured Columns

How To

How to find the right buyer for your business

A well-run competitive process sends an immediate signal to the market that you are a serious seller with options, our guest columnist writes.
Made in Maine

🔒Made in Maine: At Biddeford packaging company, boxes are booming

Volk Packaging, with 110 employees and $50 million in annual sales, specializes in corrugated packaging materials.
Friday Food Insider

🔒Friday Food Insider: An inside look at a Biddeford tempeh maker

Tootie’s Tempeh, based in the Pepperell Mill, produces tempeh, a fermented soybean product, launched commercially in November 2022 after two years of development. 

Thought Leaders

More Thought Leaders

5 Critical Questions to Ask Your Financial Advisor

When choosing a new financial advisor either for the first time or to replace an existing relationship, there are several questions you should be asking. Included here are five questions to consider asking during an initial meeting with a new financial advisor, or to clarify the next time you meet with your current advisor.

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Giving Guide

Discover the nonprofit organizations that have a presence in Maine and are making a difference.

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Take advantage of this workforce development tool that helps Maine's employers target the state's emerging workforce.

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