November 30, 2015 EditionEdition

🔒CEI uses tax credit program to funnel capital into distressed local economies

Since 2004, CEI Capital Management has placed $913.4 million in combined federal and state New Markets Tax Credit investments into 87 projects from Maine to Hawaii.

🔒Portland textile designer mixes form and function

Elizabeth Whelan, who returned to Maine last year after spending 25 years as a designer in New York City, creates fabrics for Nike running gear and Humanscale chairs.

🔒Are you ready for the new federal overtime rules?

The U.S. Department of Labor's recently proposed rule changes to the "white collar" overtime exemptions under the Fair Labor Standards Act would raise the minimum salary required for those exemptions.

🔒Looking back to look to the future of Maine’s economy

Twenty years ago, I was a young business editor at the Post-Tribune in Gary, Ind. At that time, Gary was a city in steep decline. You could drive block after block and see boarded up houses and businesses.
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🔒Top five priorities for Maine’s banking industry heading into 2016

Christopher Pinkham, president of the Maine Bankers Association, says these five issues, which include cyber security and student debt, will be priorities for the state's banking industry next year.

🔒Newsworthy people and performances for Nov. 30 issue

New hiresVerrill Dana, a law firm in Portland, hired Stephen Segal and Chantal Wilson. Segal most recently...

🔒Four key attributes of successful entrepreneurs

These attributes are are simple and don't require degrees or years of experience, but they are key success drivers for business owners and entrepreneurs.

🔒For both investors and startups, there is more to consider than the money

Leaders of Maine venture capital, private equity and angel investing groups say startups should be diligent when choosing investors, focusing on what will be expected of them and what they can expect from investors.
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🔒Stakeholders vow to work together to lower costs for Maine’s pulp and paper industry

Recently, it's been hard to find bright spots in Maine's pulp and paper industry, but a November summit among industry stakeholders sought to identify what's needed to survive and succeed in the future.

🔒Could a business cluster be the solution to Maine’s fragmented food industry?

A recent report from the Harvard Kennedy School suggests that more cooperation is needed to grow Maine's food industry, create new jobs and generate economic growth.
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