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Economic development

Relief loans offered to Maine businesses hurt by unseasonable May 2025 weather

The Small Business Administration is offering loans of up to $2 million to some small businesses and nonprofits that experienced weather-related financial losses last May.
Manufacturing

Rural manufacturing in Maine will be focus of New Markets Tax Credits program

CEI Capital Management will use new federal tax credits to draw private investment into manufacturers creating good-paying jobs in Maine and beyond.
Health care

🔒Gray clinic to close amid statewide strains on health care services

Gray Family Health Center is slated to close March 6, the latest in a statewide trend of health care service shutdowns over the past year.
Arts & Culture

🔒Portland approves fee for larger entertainment venues

Portland City Council has voted to amend the city code to direct a percentage of ticket prices from large venues to support the local arts community.
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Mergers and acquisitions

🔒MEMIC finalizes acquisition that broadens national reach

The acquisition positions the Portland-based insurer as the nation’s third-largest multi-state workers’ compensation specialist.
How to

How to set realistic New Year’s resolutions for your business

Setting goals for your organization starts with picking one priority per quarter and making every goal a habit, not a hope, our guest experts suggest.
Business expansion

🔒Scarborough developer adds warehouse/manufacturing building to industrial portfolio

A multi-million-dollar renovation is planned. The potential tenant market has a lot of options because of clear interior heights and building geometry, said the RAM Cos.
Housing

Boys & Girls Clubs of Southern Maine donates land for housing

A land donation from Boys & Girls Clubs of Southern Maine will allow Avesta to develop up to 30 homes in Portland’s Bayside neighborhood.
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Executive moves

Portland housing agency adds lead asset manager 

In the role, Greg Putnam will oversee Portland Housing Development Corp.'s 1,491-unit portfolio. 
Retail & Food Service

Retailer Bull Moose to close North Windham store

The Portland-based purveyor of music, books, movies and games opened the store inside the North Windham Shopping Center in 1991.
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