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Despite workforce and housing shortages, the head of the Maine Development Foundation is optimistic about Maine's economy in 2025.
- Economic Outlook
Economic OutlookMaine’s retail industry could see potential effect from trade tariffs
Alice Yardley, namesake of Alice Yardley Maine, believes that the fashion industry is constantly “evolving.”
- Economic Outlook
Economic OutlookEnergy and foot traffic could define Portland’s retail and restaurant scene
Tim Soley, president and CEO of East Brown Cow, says the Old Port remains a place that attracts new ideas.
Real estate experts expect shift in Maine residential growth, ‘normal’ year for commercial
A residential real estate expert predicts a year of opportunities and challenges for the market as a whole.
Maine banking chief sees merger momentum staying strong
Jim Roche, president of the Maine Bankers Association, said he expects more banks to seek economies of scale through combinations.
Maine's life sciences sector growth could outpace other industries
The $2.3 billion sector employed close to 10,000 Mainers in 2024.
Bar Harbor likely to see cruise ship slump, but other ports remain strong
Demand for cruise visits to Portland, Rockland and Eastport is strong, but the outlook varies. Factors include sailing times from other cruise ports, certain customs and border protection restrictions and, in Rockland’s case, a local ordinance limiting the cruise season,
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Climate-proofing Maine's working waterfront
The Maine Won’t Wait Climate Action Plan boosted momentum toward action, particularly in building community-based resilience in the face of climate change.
Interest in Maine’s New Space industry will skyrocket
Maine’s New Space industry expects heightened interest from educators and overtures from out-of-state companies.
Marketplace for heat pumps will heat up
Maine is making headway in its electrification goals, with the big goal for 2025 being to facilitate the transition to heat pumps.
Optimistic outlook for continued affordable housing development
The outlook is good for the continuation of affordable housing development, with MaineHousing finishing up a successful year, and 2025 expected to follow suit.
25 bold predictions for Maine's economy in 2025
Peter Van Allen and Renee CordesMainebiz offers 25 predictions about Maine's economy in 2025.
- Building Business
Building BusinessBuilding Business: The Downs inks deal for build-to-suit space in Innovation District
Peter Van Allen, Laurie Schreiber and Alexis WellsA roundup of construction news that includes sites in Portland, Scarborough, Biddeford, Sanford and Kittery.
On the Record: Biddeford Mayor Marty Grohman aims to tackle city’s housing shortage
The city has multiple housing projects in the works that will add more than 2,000 units, Grohman told Mainebiz in an interview at City Hall.
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Newsworthy people and performances for Jan. 13, 2025
A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.
- Ask ACE
Ask ACEAsk ACE: What’s going on with Beneficial Ownership Interest reporting?
Carrie Green Yardley, Yardley Esq. PLLCA regulation that would require businesses to file an ownership-interest report under the Corporate Transparency Act hangs in limbo.
Made in Maine: A retail operation with a range of lotions
Mainebiz introduces a year-long feature, Made in Maine. The first column is about a family-run skincare maker with stores in Winthrop and Waterville.
A note from Mainebiz Publisher Andrea Tetzlaff
Mainebiz remains committed to being a voice for the state’s business community.
Today's Poll
When talking to businesses around the state, three topics always come up: workforce development and hiring, lack of affordable housing and the need for child care.
Child care facilities face a crisis in trying to keep up with the high demand, difficulty retaining staff and rising costs.
Parents face the challenge of finding child care that is affordable, of high quality and that fits with their work schedule.
The Giving Guide
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 More
Work for ME
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.
Learn More
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
Learn more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Coming June 2025
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