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Economic Development
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Commentary: To thrive, Maine's economy needs to compete
Updated: April 24, 2024Guest columnist Derek Volk, CEO of Volk Packaging Corp., writes that Maine companies are saddled with high costs, greater tax burden and more regulations than more competitive states.
Updated: April 24, 2024
3 Maine communities top the Northeast's small cities for starting a business
April 23, 2024In a ranking of cities with fewer than 100,000 residents, Portland and Bangor topped all other urban areas across the northeastern U.S. South Portland was close behind.
April 23, 2024
Fate of historic Portland building heads to city council — along with art museum's future
Updated: April 22, 2024There have been months of debate over a proposal to raze 142 Free St. in order to make room for a $100 million expansion at the Portland Museum of Art. Now a request to change the building's historic designation goes to the Portland City Council,
Updated: April 22, 2024
Construction begins on $27M affordable housing project in Portland’s Libbytown
Updated: April 18, 2024Reserved for households earning up to 60% of area median income, rents will range from $1,130 to $1,550. The energy-efficient building is designed to LEED Silver standards.
Updated: April 18, 2024
Investor’s acquisitions signal confidence in SoPo’s Main Street corridor
Updated: May 6, 2024The neighborhood is in a state-certified Opportunity Zone, offering developers and investors tax credits for increasing development in underserved areas.
Updated: May 6, 2024
Maine lakes add $14B per year to economy, new report says
April 12, 2024At $13.3 billion, lakefront properties contribute the biggest chunk of value. But challenges include development, invasive species and climate change.
April 12, 2024
Bath Housing gets $4M jumpstart to build 24 affordable rental units
April 12, 2024The money, from the a recent federal appropriations bill, allows Bath Housing to expedite Phase II of the project, considered an important development given the ongoing need for housing in the community.
April 12, 2024
Saco sees windfall in Route 1 development, filling in overlooked stretch of highway
Updated: April 15, 2024Where there were once vacant lots and fields, there's now a crop of apartments, coffee shops, retail stores and other development. More is on the way.
Updated: April 15, 2024
Planning advances for redevelopment of former paper mill in Jay
April 11, 2024Development of the former mill, which had an industrial explosion in 2020 and closed last year, will focus on businesses looking to be near forest resources. About 1 million square feet of industrial space will be available.
April 11, 2024
New Americans play ‘crucial role’ in economy of Androscoggin County, report says
Updated: April 10, 2024The county’s labor force, business creation and consumer spending power have been bolstered by New Americans, the report by a Washington, D.C., nonprofit says.
Updated: April 10, 2024
New manager of a downtown Freeport shopping center looks to increase visibility
Updated: April 3, 2024Freeport Village Station has more than 120,000 square feet of space, three-quarters of which is leased. The new management firm plans to raise the visibility of the shopping center.
Updated: April 3, 2024
Yarmouth’s Sea Meadow Marine awarded $790K for working waterfront upgrades
Updated: April 1, 2024The money will go toward rebuilding a bulkhead and launch ramp and installing water and sewer systems. The improvements will make the site more usable for tenants and could help them expand their businesses.
Updated: April 1, 2024
Norway Opera House will use new funds to revitalize, reopen historic performance space
March 29, 2024The first phase of the project, to secure the building’s integrity and to renovate the first-floor retail spaces, has been completed. Next up is bringing the space back as a fully functioning performance venue.
March 29, 2024
Maine Seacoast Mission’s $1.8M upgrade of Downeast campus is underway
March 28, 2024The first phase, soon to be completed, includes a center with an administrative wing, program staging area and new food pantry with more storage area and community space.
March 28, 2024
Vermont staffing agency offering second chances opens a Maine office in Auburn
March 21, 2024The founder of Working Fields is dedicated to helping others who need a second chance after addiction, criminal convictions or other barriers. The agency assigns peer coaches to help employees succeed at their new jobs.
March 21, 2024
Pen Bay Chamber appoints CEO it vows will have 'lasting, positive impact'
March 15, 2024Shannon Landwehr comes from a career in finance and economic development, with experience in operations, planning, marketing, budgeting and employee recruitment.
March 15, 2024
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