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A new 85,000-square-foot facility will combine manufacturing, administration and inventory, which is now split up between several leases.
Tempshield, a Trenton-based maker of cryogenic gloves and other protective gear, is among the winners of the Maine International Trade Center's 2024 International Trade and Investment Awards.
If options in the contract are fully executed and funded, the agreement could be worth $343.7 million and run through 2029, Bath Iron Works said.
After sales fell last year, the Freeport-based company has cut its performance bonus from 13.5% of annual pay to 9%.
The listing went live this week and has already garnered inquiries from owner-users and investors. Robbins Lumber acquired the plant last year from Pleasant River Lumber Co.
Under the direction of this 2024 Business Leader of the Year, the food business incubator and shared manufacturing and processing facility, moved to a large facility and is on track to enroll 100 members by June.
A 2024 Business Leader of the Year, Melissa LaCasse, secured $3.2 million in pre-seed funding and used her skills in distribution, business development and strategic planning to position Tanbark for success.
Anker, one of the 2024 Business Leaders of the Year, is overseeing a $2 million expansion at the company’s solar-powered facility in Hiram. The maker of small-batch granola, trail mixes, roasted nuts and cereals has nationwide aspirations.
The 2024 Business Leaders of the Year include the two founders of TimberHP, which is bringing a new form of building insulation to the United States and in the process, creating jobs and a healthier planet.
For its 30th anniversary, Mainebiz looks back at the business climate in 1994, including some businesses that have grown since then.
Some of the best quotes from the 2024 Mainebiz Business Leaders of the Year.
"With these awards we hope to demonstrate the impact entrepreneurs have on their hometowns and our state," said Diane Sturgeon, Maine district director for the U.S. Small Business Administration.
Southworth International Group Inc., the Portland-based parent company of several manufacturers, has announced key leadership promotions and organizational changes.
The first conference, in November, drew over 320 people including key industry players. The second confab is being positioned as an invitation for the global space community to engage with Maine's rapidly growing space economy.
“Employers like BIW need to have a seat at the table with our educational partners to ensure the training provided to Mainers prepares them for the jobs of today and tomorrow,” said Bath Iron Works' president, Charles Krugh.
The funds will assist the company finalize its equipment purchases and installation and begin operations for its molded-fiber manufacturing operation.
Sponsored by Kennebunk Savings Bank
For many, Thanksgiving means gathering with family and friends. It can also mean travel headaches.
AAA predicts a record 81.8 million people will travel at least 50 miles from home between Tuesday, Nov. 25, and Monday, Dec. 1.
Of those travelers, 73 million will go by car — up 1.3 million from a year ago.
With the federal shutdown resolved, air travel is expected to be back at normal levels — although, in this case, it will mean normal Thanksgiving levels. AAA predicts that 6 million people will travel by air, a 2% increase. (Last year, Portland International Jetport broke its Thanksgiving travel record, with 64,348 travelers, up from 54,636 in 2023.)
Another 2.5 million people will travel by bus, train or cruise ship.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
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Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
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Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Whether you’re a developer, financer, architect, or industry enthusiast, Groundbreaking Maine is crafted to be your go-to source for valuable insights in Maine’s real estate and construction community.
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