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Economic Development

Immigrants contribute $1.2B to Portland area economy, study shows

Staff |

Immigrants in the Portland metropolitan area contributed $1.2 billion to the area's economy in 2016, according to a report released on Friday.

Lisbon expands its small-business base with strategic business loans

Lisbon, a town of more than 9,000 in eastern Androscoggin County, has given out nearly $400,000 in economic development loans in the past five years to grow its small-business base.

SaviLinx adding almost 200 jobs at Brunswick Landing headquarters

Staff |

SaviLinx, a customer service and tech support center based at Brunswick Landing, is hiring 178 workers to support the expansion of a large seasonal contract with a government agency.

National report: Maine women-owned businesses best in two categories

Staff |

A new national report looking at growth trends in women-owned firms between 2002 and 2018 puts Maine at the top of the 50 states and the District of Columbia in two categories: The percentage...

Work progresses on Sanford's ultra-high-speed fiber optic network

Sanford NetFiber, a 45-mile fiber optic network designed to serve the city's municipal buildings, downtown mill complex, industrial parks and more than 80 other locations, is now under construction.

Aroostook Partnership's CEO and president retires

Staff |

Aroostook Partnership President and CEO Bob Dorsey has retired. Dorsey, 65, took the job in 2012, when the organization was eight years old and focused on addressing the demographic decline of...

Scarborough brew pub will be part of Saco Island project

STAFF |

City official calls the agreement a 'quantum leap,' for plans that include a hotel, 10,000 square feet of retail space and 92 condominiums.

Maine's 10 Inc. 5000's companies rise to top of 'job creators' list

Staff |

Ten Maine companies put the state at top of the 2018 Inc. 5000's 'job creators' list, based on the largest percentage increase in employees over the past three years.

From waterfront to downtown, Bangor's seeing investment and change

Peter Van Allen |

Bangor's growth can be seen on a number of fronts. The Hollywood Casino and Racetrack and Cross Insurance Center across the street are a focal point of entertainment and events. The...

Loring Commerce Centre is 'open for business' with plenty of room for expansion

Laurie Schreiber |

Limestone's Loring Commerce Centre, with 8,700 acres and hundreds of buildings, is Maine's largest industrial park. It's home to 28 employers and over 800 workers — yet it has substantial room...

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