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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.
“Over the coming months, the building will undergo a full renovation to create a modern, collaborative workspace designed to support our attorneys, staff and clients for years to come,” the firm said.
Carla Ganiel, the new chief of staff at the Downeast Salmon Federation, has held leadership roles with the William and Flora Hewlett Foundation, AmeriCorps and the U.S. Department of Energy.
Every week in the Tuesday Real Estate Insider, Mainebiz compiles a list of commercial real estate sales. Here is a compilation of sales published in October 2025.
The gift accelerates a campaign to raise $15 million for a campus expansion to include a 13,000-square-foot clubhouse addition to serve teens and young adults. The goal is to start construction in late 2026.
Participants will include the CEOs of the Maine State Chamber of Commerce and Portland Regional Chamber of Commerce, as well as the president of MEREDA and the CEO of Bangor Savings Bank.
Some 7,000 Maine households that depend on the Low-Income Heating Assistance Program would be affected if the government shutdown continues.
Funding disruptions “jeopardize hundreds of thousands of homebuyers, sellers and renters, adding uncertainty to a market already facing affordability and supply challenges,” the association said.
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.
Over the next five years, Ateklo aims to create and invest in up to 20 companies, co-founder and CEO Justin Hafner tells Mainebiz in an interview.
Stability, tradition and authenticity are key traits of family businesses, but so is an openness to change.
In the midcoast town of Georgetown Woodex-MECO Industries makes mechanical parts for clients in a range of industries.
The Nov. 3 edition of Mainebiz combines the old school and the new. In addition to a section on how AI is used in Maine, we have a section that focuses on family-owned businesses. You couldn’t ask for a wider array of topics.
WEX is Maine's second-largest publicly traded company, after IDEXX Laboratories Inc.
Rowan Moody will lead Farnsworth’s advancement team and will guide strategies to grow philanthropic engagement and sustain long-term institutional growth.
An estimated 12.5% of Maine’s population rely on SNAP benefits, though that percentage is higher in Androscoggin, Aroostook, Washington, Piscataquis and Somerset counties.
Every week in the Thursday Real Estate Insider, Mainebiz compiles a list of commercial real estate leases. (The Tuesday Real Estate Insider publishes commercial sales.) Here are the leases we published in October 2025.
Camden National Bank is the second-largest Maine-based bank, based on assets of $5.7 billion.
A portion of all sales will go towards a scholarship to help students cover the cost of taking their first innovation engineering course.
Bath Iron Works has 6,700 workers and a payroll of $447 million, but housing is in short supply in the Bath area.
Construction of a 25-unit affordable housing complex for residents ages 55 and up in Farmington is 75% completed and is expected to welcome residents in early 2026.
Tuesday was the first day that air traffic controllers across the country missed a paycheck due to the ongoing government shutdown. At some major airports, a number of staffers have not been coming into work, leading to flight delays and cancellations.
A new pocket community of 21 affordable condominiums are priced well below the average home price for the region. The standalone condos at Wilbur’s Woods are listed at $325,000 for households that earn less than $105,360 annually.
The comparisons to the second quarter of 2025 and to the third quarter of 2024 were significantly boosted by the acquisition of a western New York bank.
          
              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.
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              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.
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              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 moreThe 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 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.
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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