December 11, 2023 EditionEdition

🔒Ask ACE: How do I stay profitable despite rising costs?

Finding ways to cut costs is only part of the solution, writes ACE columnist Gary Hazard. He offers other ideas as well.

🔒Newsworthy people and performances for Dec. 11, 2023

A roundup of news hires, promotions and professional achievements at businesses and nonprofits around Maine.

🔒On the Record: Meet the Portland baseball player whose invention is getting a thumbs-up

Chris Cohen invented a new type of thumb guard for baseball hitters because he wanted to improve the way he swung a bat. It's a surprising story for someone who began his career on the water.

🔒Building Business: Reveler, Penobscot General Contractors unveil Bayside project

Real estate and construction news from around Maine includes a new apartment complex in Portland’s Bayside neighborhood, a home for nonprofits planned in Kittery and awards for construction firms in Fairfield and Portland.
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🔒Aerospace startup aims to launch manufacturing at Loring in late 2024

The company, HyperSpace Propulsion, wants to build spaceplanes at the former Air Force base, and says the work will bring 400 jobs to northern Maine.

🔒American Steel expands Maine footprint with Saco industrial site

The company, whose roots in the state go back to 1806, makes steel and aluminum parts to spec and then supplies them to other manufacturers.

🔒Auburn Manufacturing ramps up production and hiring

The company, headquartered in Mechanic Falls, makes heat-resistant textiles — and the demand for them is only getting hotter.

🔒In Biddeford, a NASA contractor finds it needs more space on Earth

Fiber Materials Inc. manufactures heat-resistant components for the space industry, among others. Business is growing and so are hiring plans, with 40 new jobs expected to come online.
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🔒Saco packaging manufacturer Tanbark gears up for growth

The new company currently employs 17, but is looking to at least double staff over the next year as operations grow.

🔒Safe passage: Maine shipping containers carry the world’s goods, thwart 21st-century threats

An Old Town startup, Global Secure Shipping, builds the containers from high-strength composites, embedded with sophisticated sensors that fight theft and tampering.

🔒From the Editor: Don’t sleep on Maine’s manufacturing industry

While the number of manufacturing jobs in Maine has fallen from historic levels in the early 1990s...
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