Penobscot County

Banking & Finance

Bangor Region YMCA expansion garners $4M in additional financing

The Bangor Region YMCA is building an 82,000-square-foot community center to replace a 45,000-square-foot facility that’s considered obsolete.
Health care

🔒Health care now a ‘top issue’ for the business community, Maine survey shows

Maine is “small enough yet big enough to set the example of how health care should be delivered in rural areas,” said Northern Light Health’s CEO.
Energy & Utilities

🔒New president takes reins at Versant Power

Erica Young joins the Maine utility after more than 25 years in the energy sector, with experience in operations, regulatory affairs and corporate strategy.
Infrastructure

Sargent sells Hermon asphalt plant to Massachusetts contractor

“The Hermon plant has played an important role for us over the last decade, but our long-term direction is to stay focused on the core of what we do best,” said Sargent’s CEO.
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Fisheries & Marine

🔒In Millinocket, proposal for land-based salmon farm advances

Partners include PC Construction and SMRT Architects & Engineers, both with specialized experience in aquaculture and water treatment.
Executive moves

🔒Newsworthy people and performances for May 4, 2026

A roundup of new hires, promotions and achievements at businesses, nonprofits, professional services firms and health care institutions in Maine.
Professional services

Haley Ward sells building information modeling division to mechanical contractor

 “This is a bittersweet moment for Haley Ward,” said the company’s president. ABM’s president said the addition strengthens support for internal and external projects.
Housing

‘Housing for Everyone’ is the focus of two TD grants in Maine

Two Maine nonprofits which support housing stability have been awarded grants of $250,000 each from the TD Charitable Foundation, the funding arm of TD Bank U.S.
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Manufacturing

🔒Florida engineering firm will set up innovation division in Bangor

R Cubed Engineering first new division, at 1178 Hammond St. in Bangor, expands its capabilities in light manufacturing, rapid prototyping and federal contract support.
Health care

Northern Light gets credit rating upgrade amid ‘robust turnaround’

Standard & Poor's Global Ratings revised its outlook from "negative" to "stable" on Maine's second-largest multi-hospital system.
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