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Banking & Finance
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Bangor Savings Bank hikes minimum wage to $18 an hour
October 7, 2021Maine's largest bank said about half of its workforce will receive a raise of $2 per hour, as Bangor Savings and other employers compete in an increasingly tight labor market.
October 7, 2021
Portland digital health startup KinoTek raises $2.1M in VC funding
Updated: October 7, 2021The company, which has developed a digital health platform for body-motion assessment and currently employs a dozen people, says it plans to used the funding to scale and serve a wider range of movement-clinician markets.
Updated: October 7, 2021Boston Fed president to retire early, citing health problems
September 27, 2021Boston Federal Reserve Bank President and CEO Eric Rosengren said he will retire on Thursday, nine months sooner than planned. His departure comes after ethics questions were raised about financial trades Fed officials have made.
September 27, 2021
TD Bank invests $43M in UMaine System campus expansion projects
September 23, 2021The bond financing will support a range of new construction projects on the University of Southern Maine's Portland campus and at the University of Maine in Orono.
September 23, 2021
City of Brewer teams up with Machias Savings on free outdoor gym
Updated: September 23, 2021The new equipment at Veteran's Park cost around $55,000, half of which was financed by a contribution from Machias Savings Bank.
Updated: September 23, 2021
Gorham Savings Bank breaks ground on $1.1M solar array
Updated: September 21, 2021The installation, designed by ReVision Energy, will generate 1 million kilowatt-hours annually and be located adjacent to the bank’s operations center on Wentworth Drive in Gorham.
Updated: September 21, 2021
How to establish a succession plan — and plan a successful future
September 20, 2021As two Mainebiz guest authors point out, planning a management transition or sale of a company is complicated, and the business needs to be running at peak efficiency to make any scenario work.
September 20, 2021How companies can win the war for talent in a tight labor market
September 17, 2021Guest columnist Jason Lundy of Bank of America offers five tips for companies trying to compete for a limited labor pool.
September 17, 2021Commentary: Tax overhaul plan could have unintended consequences
September 15, 2021In an op-ed piece, new Maine Bankers Association President Jim Roche argues that the proposed "tax gap" overhaul could usher in unwelcome consequences for average depositors.
September 15, 2021
Mainebiz celebrates the 2021 Women to Watch with hybrid networking reception
September 1, 2021The Sept. 16 reception honors eight dynamic women leaders from throughout Maine, who are changing the state and its business community for the better. Read about this special hybrid event that allows attendance both virtually and in person.
September 1, 2021
As bluShift closes in on $1M in crowdfunding, design advances on suborbital rocket
August 27, 2021Over 800 investors have put up a stake to move the rocket-making company forward in its development of a suborbital rocket, with the goal of offering launch services for miniature satellites. The company is also narrowing in on a Downeast launch
August 27, 2021Inc. 5000 list has a few surprises among 12 Maine businesses named fastest-growing in US
August 19, 2021In 2020, a dozen Maine companies also were named to the prestigious ranking of the country's fast-growth enterprises. But the 2021 Inc. list is the first to reflect the impact of the pandemic, and the resilience of Maine's honorees.
August 19, 202124 finalists named for Maine Family Business Awards
August 10, 2021The Institute for Family-Owned Business selected the finalists from a pool of 166 nominations this year, and will announce the winners of a half dozen awards in October. Family-owned businesses represent about 80% of all businesses in Maine.
August 10, 2021
Lewiston competition to attract downtown business sweetens the pot
August 4, 2021Designed to attract viable businesses to Lewiston’s downtown, an $80,000 prize package includes rent-free space at 120 Lisbon St. plus marketing, branding, legal, financial, architectural and digital services for one year.
August 4, 2021
SBA seeks speedy forgiveness of PPP loans
August 3, 2021Businesses that received a Paycheck Protection Program loan of $150,000 or less will be able to apply for forgiveness via an online portal set to go live on Wednesday, Aug. 4.
August 3, 2021
Casco FCU senior executive will take over as president this fall
August 2, 2021The promotion is part of Casco Federal Credit Union's succession plan, with President and CEO James Stone set to retire at the end of June 2022.
August 2, 2021
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