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Renee Cordes Updated: 22 hours ago

While some owners are adamant about keeping the business in the family while pursuing expansions and new business models, selling to an outside buyer is also an option in a highly fragmented industry.

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Does your company plan to add staff in the next 6 months?
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Next year will bring a host of new challenges for businesses looking to add employees to the payroll. 

Maine's Paid Family and Medical Leave law will go into effect, which will allow an employee to take paid leave for up to 12 weeks to care for an ill family member or new child, for instance.

The state's minimum wage will increase by 45 cents an hour, to $15.10 (a separate minimum wage provision will be voted on in Portland that could raise the hourly compensation to $19).

And rising health care premiums will continue to be a struggle for employers.

For companies that plan to grow, all of these factors will have to be managed.

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40 Under 40 Awards Reception 2025

Mainebiz seeks to honor the young professional and rising stars of Maine’s business community for the 2025 Mainebiz 40 Under 40 Awards.
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2025 AI in Maine

Artificial Intelligence is no longer a concept of the future—it’s transforming industries across Maine today. From healthcare and finance to manufacturing, logistics, education, and agriculture, AI is influencing how work gets done, how decisions are made, and how businesses grow. In this special issue, we shine a light on the companies and thought leaders pioneering AI adoption. We’ll explore real-world applications, workforce impacts, ethical considerations, and the economic potential of this powerful technology.