January 12, 2026Edition

🔒Industrial parks: The County’s massive business park offers ‘promising’ outlook

Loring, which is on a former Air Force base, is Maine’s largest business park by size, with 8,700 acres, and is a key piece of Aroostook County’s place in the region’s larger economy.

🔒Newsworthy people and performances for Jan. 12, 2026

A roundup of new hires, promotions and achievements at businesses, nonprofits, health care institutions and professional services firms in Maine.

🔒On the Record: Nonprofit leader with film background aims to amplify storytelling at E2Tech

Mainebiz caught up with E2Tech’s new leader to find out more about his background and plans to attract more members to the organization.

🔒Nonprofits / social services: ‘Hopeful’ signs have turned to uncertainty

Economic signs are not as "hopeful" as a year ago, and one Maine leader fears there's a chance of recession.
ADVERTISEMENT

🔒Politics / policy: Buckle up for a challenging economy

Marty Grohman, entrepreneur and seasoned politician, says the 2026 elections — with two U.S. House seats, a Senate seat and the governor’s office — “will dominate attention and suck the oxygen out of economic discussions."

🔒Manufacturing: Maine needs to live up to its potential

Derek Volk, the CEO of Volk Packaging, expects “more growth in 2026,” but he continues to sound the theme that “Maine continues to be a be an extremely challenging state to do business.”

🔒Chambers: Investment is the key word in Bangor

Going into 2026, Bangor has upgrades to its airport, a new Y facility in the works and added life in the downtown.

🔒Chambers: Portland-area businesses face rising costs, other challenges

Greater Portland enters 2026 with a strong economic foundation and a vibrant business community, yet employers face very real pressures, according to Quincy Hentzel, president and CEO of the Portland Regional Chamber of Commerce.
ADVERTISEMENT

🔒Housing policy: Legislators working to address Maine’s housing shortage

The Legislature’s Housing and Economic Development Committee is steering policy to facilitate housing development to meet the need now as well as for the coming years.

🔒Workforce development: Community colleges training workers to meet demand across industries

Maine’s seven community colleges, from Presque Isle to Wells, are helping employers train skilled workers faster in a tight labor market.

🔒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.

🔒Rural development: Building housing that builds community

Kara Wilbur is a planner, developer and distributor of catalog homes through Dooryard, a full-service development company.
ADVERTISEMENT

🔒Boatbuilding: Boat industry mostly stable, but keeping a weather eye to squalls

Activity at boat service yards and marinas is steady and most Maine marinas have waiting lists for dockage and moorings.

🔒Tourism: Banner year expected for small cruise ships; large-ship outlook mixed

Maine’s cruise sector will dip slightly as Bar Harbor’s cruise ship ordinance plays out, but the details are nuanced

🔒Tourism: Eastport looks to right size its cruise-ship market

Over the past couple of years, Eastport has seen targeted growth in the cruise ship market.

🔒Health care: More turmoil ahead for health care providers and patients

In 2026, more turmoil is coming for health care providers and patients.
ADVERTISEMENT

From the Editor: ‘Rule of thirds’ may apply for 2026

For the Economic Outlook issue, Mainebiz checked in with some 35 leaders to get their view of 2026.

🔒Retail / fashion: Old Port retailer optimistic despite challenges

Alice Yardley says the outlook for retailers in the Old Port seems “optimistic, but there are definitely challenges that have affected us this year.”

🔒Housing: Affordable housing development set to continue

A robust pipeline of affordable housing development in 2025 will continue through 2026.

🔒Cannabis: Maine’s cannabis industry headed for saturation

Jacques Santucci, president and founder of Opus Consulting in Portland, says Maine’s cannabis industry is entering a new stage of maturity.
ADVERTISEMENT

🔒Food production: Maine Grains monitors rising expenses

Amber Lambke, co-founder and CEO of Maine Grains, says the company is purchasing a state-of-the-art extrusion line from Germany, capable of producing grain-based cereals, bars, snacks and specialty ingredients.

🔒Real estate / small business: Downtown Portland remains healthy

Cary Tyson, executive director of Portland Downtown, says proposed development in downtown Portland signals momentum and a promising future.

🔒Gaming / hospitality: Bangor is ‘just getting started’

Downtown Bangor has continued to grow as a destination, attracting visitors and residents alike with entertainment options, increased economic activity and a renewed sense of energy.

🔒Breweries / hospitality: Baxter Brewing keeps fresh products pouring

“Product diversification is more challenging than ever because the consumer has never been more varied,” says Jenn Lever, president of the Lewiston-based brewer.
ADVERTISEMENT

🔒Small business: Restaurant owner pumped to branch into fitness

Michaela McVetty has been using pop-up events to introduce her new business venture to the community.

🔒Manufacturing: Mounting workforce stress for manufacturers

The head of the Manufacturers Association of Maine offers a mixed outlook on the state's economy in 2026.

🔒Financial services: Aroostook-based credit union eyes continued expansion

Ryan Ellsworth, president and CEO of the County Federal Credit Union, foresees more mergers in the industry.

🔒Economic development: Housing, life sciences key for Maine’s economic development chief

Maine's commission of economic and community development says his "aggressively optimistic" about Maine's economy in 2026.
ADVERTISEMENT

🔒Bold predictions for Maine’s economy in 2026 span recession risk to practical optimism

Forecasts run the gamut from the specter of a recession to a dose of practical optimism from a coffee entrepreneur.

🔒Building Business: First phase of affordable housing projects gets underway in Portland’s Deering Oaks neighborhood

Construction has begun on the Lambert Woods North apartments at 2274 Washington Ave. Extension in Portland, phase one of a large affordable housing development that will eventually include 162 apartments.

Ask ACE: How do I maintain flexibility as I manage my way through this year’s uncertainties?

The real challenge in facing 2026 is not guessing which scenario will play out. It is preparing the business to handle either outcome.

🔒Made in Maine: Dunstan Smokehouse creates demand for smoked fish

Founded in 2022, Dunstan produces handcrafted smoked seafood from a space defined by its Irish-inspired façade and sense of tradition.
ADVERTISEMENT
Already a subscriber? Log in.