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Manufacturing
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NYC investment firm to acquire Maine precision-parts manufacturer
October 15, 2024The firm has reached an agreement to acquire Precinmac, which makes high-complexity precision components in South Paris.
October 15, 2024
Technology is key to development of these growing Maine food companies
October 10, 2024Custom freeze-drying, aquaculture and machine-learning, logistics software and ecofriendly cans are some of the types of business in the new cohort of FoodTech Maine.
October 10, 2024Maine billionaire makes list of 400 richest Americans
October 8, 2024Susan Alfond, of Scarborough, ranks No. 388 on the Forbes 400 list — an annual comparison of the net worth among America's elite.
October 8, 2024
Countdown begins for 2nd annual Maine Space Conference
October 8, 2024Sessions will explore investment and finance; sustainability and infrastructure; education and workforce development; research and data; national security; and Maine’s emergent aerospace industry.
October 8, 2024
Meet the Mainebiz 40 Under 40 — rising stars who are changing the state
Updated: October 7, 2024For the third year, Mainebiz is recognizing the state's up-and-comers, the next generation of leaders who are changing Maine and its economy for the better.
Updated: October 7, 2024
40 Under 40: Samantha Mason is a BIW supervisor with a desire to mentor
Updated: October 7, 2024Samantha Mason works as a test planning supervisor at General Dynamics Bath Iron Works.
Updated: October 7, 2024
Sea Bags marks 'end of an era' with two leadership departures
Updated: October 3, 2024Beth Greenlaw, the company's president, and CEO Don Oakes will serve their last day with the Portland-based company on Friday.
Updated: October 3, 2024
Hancock Lumber plans to buy Tiny Homes of Maine
October 2, 2024Tiny homes and accessory dwelling units are an emerging segment of the housing market. The acquisition will leverage Hancock Lumber’s buying power, facilities and manufacturing expertise.
October 2, 2024General Dynamics plant in Saco wins $191M Army contract, adding 20 jobs
October 1, 2024The plant will turn out more than 160 'Iron Fist' Active Protection Systems, which are used in Bradley fighting vehicles to intercept rocket-propelled grenades and anti-tank missiles.
October 1, 2024
Freeport oyster farm charges ahead to electrify operations
October 1, 2024The project is expected to demonstrate electrification technologies in action, providing data and real-time experience to other farmers and industry members.
October 1, 2024
FocusMaine created 1,200 jobs, $262M in revenue over 5 years, report says
September 30, 2024FocusMaine is now focused on ramping up its work to increase collaboration in each industry.
September 30, 2024
FAME financing for Maine optics company may help retain, create jobs
September 27, 2024The $1 million loan will help with construction costs at the Portland facility, where operations and equipment are expected to move from a site in Arizona.
September 27, 2024
Lewiston-based Elmet Technologies turns to Aussie miner to strengthen tungsten supply chain
September 24, 2024The deal provides access to the only Western source of Western tungsten concentrate to support Elmet Technologies growth. The metal is key to defense, aerospace, medical, semiconductor and other applications.
September 24, 2024
$65M in federal funds will expand tax credits for manufacturing growth in Maine, nationwide
September 24, 2024Since 2004, the organization has deployed over $1.11 billion in New Markets Tax Credits financing to over 100 businesses and developments across the country — and in the process, creating or preserving 12,662 jobs.
September 24, 2024
Sappi North America promotes four to new leadership roles
Updated: September 23, 2024Sappi North America has promoted four senior staff members to new leadership positions in Maine.
Updated: September 23, 2024
Navy shipyard in Kittery adds record-high boost to region's economy
September 19, 2024Purchases and civilian payroll last year at Portsmouth Naval Shipyard increased nearly 5.5% over the 2022 total, which at the time was the highest ever.
September 19, 2024
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