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Bath Iron Works contributed $980M to Maine GDP last year
Peter Van Allen December 6, 2022Bath Iron Works supported more than $1.8 billion in total economic output in 2021, including $980 million contributed to state GDP, according to a USM study released by BIW.
Peter Van Allen December 6, 2022
FAME approves $1.2M to help Augusta precision tool manufacturer
Alexis Wells Updated: December 6, 2022KV Tooling Systems will use the loan to hire new employees, build an addition on the Augusta property and purchase equipment, among other needs.
Alexis Wells Updated: December 6, 2022
A year after Yarmouth boatyard deal, new owner explores upgrades
Laurie Schreiber December 2, 2022On a 12-acre parcel on the Cousins River, Sea Meadow Marine envisions a business incubator and marine hub for fisheries and sustainable aquaculture alongside marina services, heritage boat builders and recreational boaters. Services such as water
Laurie Schreiber December 2, 2022Sappi completes sale of Presumpscot River assets
Renee Cordes Updated: November 21, 2022A New York-based renewable energy company is the new owner of five hydroelectric power facilities and a fishway in Cumberland County.
Renee Cordes Updated: November 21, 2022
Jackson Lab launches endowment to broaden DEI efforts
Laurie Schreiber November 15, 2022It's hoped the initiatives, including a pilot program to bring scientists from underrepresented populations to JAX, will create a more inclusive culture and specialized mentorships.
Laurie Schreiber November 15, 2022
Loring base eyed for production of synthetic jet fuel
Peter Van Allen November 14, 2022Washington, D.C.-based DG Fuels LLC said up to 650 jobs could be created. Groundbreaking is planned for summer 2024, with a 2027 opening.
Peter Van Allen November 14, 2022
Sappi to invest $418 million to upgrade Skowhegan paper mill
Peter Van Allen November 10, 2022The upgrade will increase the Skowhegan plant's capacity to produce solid bleached sulfate board products, which are used in packaging for cosmetics and perfume, health and beauty care, consumer electronics, confectionary and luxury drinks.
Peter Van Allen November 10, 2022
Watershed: Maine's outdoor recreation economy generated $2.8 billion in 2021, report shows
Renee Cordes November 10, 2022The figure represents a 19.3% increase over 2020, the latest national barometer released shows.
Renee Cordes November 10, 2022
Louisiana-Pacific's Houlton siding company building on recent expansion
Ann Fisher November 2, 2022The Houlton facility was opened in 1981 as an oriented strand board mill and is LP’s second-longest running facility. This is LP’s third major capital expansion project at Houlton and second since 2021.
Ann Fisher November 2, 2022
Lewiston aerospace company launches parts for NASA’s moon shots
Laurie Schreiber November 2, 2022Elmet Technologies manufactured components for the rocket that will be used to launch the Orion space capsule in NASA’s Artemis program.
Laurie Schreiber November 2, 2022
Company that supplies mushroom farms quintuples its space with Lewiston deal
Laurie Schreiber Updated: November 14, 2022Maine Cap ‘N Stem Mushroom Co., which started in a 200-square-foot basement, is now planning expansion into a 75,600-square-foot building in Lewiston.
Laurie Schreiber Updated: November 14, 2022
Brewer fabricator gets grant that will allow for expansion put off by pandemic
Laurie Schreiber October 28, 2022Troy Industrial Solutions received the money from Maine Technology Institute’s pandemic recovery fund. The firm credited the Brewer Economic Development Office for introducing it to the MTI program.
Laurie Schreiber October 28, 2022
Division of labor: In jointly owned businesses, couples navigate who does what
Laurie Schreiber Updated: October 30, 2022Even when they have disagreements, couples succeed by carrying carry through a thoughtful planning process, taking time to have discussions, and capitalizing on each other’s strengths and interests.
Laurie Schreiber Updated: October 30, 2022
$5M in grants available to help Maine tech startups expand
Renee Cordes Updated: October 21, 2022The funding represents the second round of grants from the Pandemic Recovery for an Innovative Maine Economy, or PRIME Fund, administered by the Maine Technology Institute.
Renee Cordes Updated: October 21, 2022
Augusta lab triples space, looks to hire in growing field
Laurie Schreiber October 19, 2022A soil-health testing company is expanding to accommodate increasing demand in the science of climate-smart farming.
Laurie Schreiber October 19, 2022
Maine family businesses honored for going the extra mile
Renee Cordes October 12, 2022The Institute for Family-Owned Business honored a range of businesses. Winners included Kennebec Cabin Co. of Manchester, whose owners achieved worldwide fame from the "Maine Cabin Masters" reality show.
Renee Cordes October 12, 2022
Today's Poll
In 2026, Maine voters will have their say in four key elections.
U.S. Sen. Susan Collins, R-Maine, is up for reelection for one of Maine's two Senate seats. (U.S. Sen. Angus King, I-Maine, will face reelection in 2030.) The November vote has added weight because Collins chairs the Senate Appropriations Committee, a significant source of Maine's federal funding.
In the House of Representatives, U.S. Rep. Jared Golden, D-2nd District, is not seeking reelection. The district includes northern and much of eastern Maine. And U.S. Rep. Chellie Pingree, D-1st District, is running for reelection.
Gov. Janet Mills, a Democrat, will term out as governor.
Individual Democrats and Republicans come and go, but the money elected officials control can be a major factor in Maine's economic prosperity.
The Giving Guide
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.
Learn More
Work for ME
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.
Learn More
Groundbreaking Maine
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 more-
The Giving Guide
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.
-
Work for ME
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.
-
Groundbreaking Maine
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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