Economic development

$48M in federal funding will improve broadband access; more funding needed

Maine Connectivity Authority has received $48.4 million of the $272 million in federal funding originally allocated to improve internet service.

🔒Building Business: Rare condo project in Falmouth aims to provide homes to ‘workforce’ earners

A development has broken ground on Marshall Drive in Falmouth that will offer 48 two-bedroom condominiums at prices ranging from $378,000 to $425,000.

🔒Roux with a view: Consigli takes on challenge of building Roux Institute campus

Building Northeastern University’s Roux Institute campus, perched on the edge of Casco Bay in Portland, is a complex — and exciting — project for the team at Consigli Construction.

🔒Portland hits proposed music hall with more roadblocks

Opponents of the Live Nation Music Hall are calling for a buffer zone from residential areas.
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$1.2M available for projects to support Maine working waterfronts

Funds are available for properties that retain their use for fishing, aquaculture and closely related commercial marine activities.

House approves $7.6M for Maine’s working waterfronts, other community projects

The spending minibus passed the House with bipartisan support, 341-88, and now moves to the Senate.

Commercial real estate trends reflect caution and ‘rightsizing’

The old adage that real estate is all about ‘location, location, location’ is especially true today in attracting talent to Maine, according to Jennifer Small, partner at Portland-based Malone Commercial Brokers and vice president of MEREDA.

🔒Manufacturers urged to build early talent pipelines

The head of the Manufacturers Association of Maine, speaking at a Mainebiz forum earlier this week, suggested targeting future workers as early as fourth grade.
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Maine Outdoor Economy Summit will focus on economic resilience, workforce issues

The Maine Outdoor Economy Summit, scheduled to be held in Portland Jan. 21-23, is designed to be a meeting ground for sharing ideas and actions across the industry.

🔒Lumber and construction: Prefabricated components help speed construction timelines

Kevin Hancock, chairman of Hancock Lumber, predicts another healthy year for the lumber, housing and construction sectors in Maine.
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