Maine Technology Institute

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.

FocusMaine, which is nearing the end of its planned 10-year run, sparked creation of more than 1,500 jobs.

The recent wave of expansions demonstrates that Maine’s life sciences sector is not only growing, but putting down long-term roots.

Bold Coast Seafood, in Prospect Harbor, will invest in infrastructure needed to buy, process and sell Jonah crab, a native species that is legally harvested in lobster traps but largely thrown back into the ocean alive because Maine lacks processing capacity.

Co-hosted by Bigelow Laboratory for Ocean Sciences and Hatch Blue, with support from the Maine Technology Institute, the event is designed to accelerate the translation of ocean research into commercial opportunities.

The Brunswick-based startup is marketing its non-toxic, bio-dervived fuel and a patent-pending oxidizer system as an alternative to traditional solid rocket motors.

Graduates of the program will be better prepared to audition for the "Greenlight Maine" business-pitch series the following season, though participation does not guarantee selection.

Sarah Smith will lead the volunteer-led organization as its first active director, while outgoing President Katie Shorey will stay active on the board.

Bigelow Laboratory for Ocean Sciences is an East Boothbay nonprofit research institute focused on global ocean health.

The startup Docked developed a docking system to help boaters safely and efficiently dock pontoon vessels. Equipment like bumpers, fenders and guide rails are installed on docks to help prevent damage and make docking easier.