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Economic Development

Meet the 2018 Mainebiz Business Leaders of the Year on May 3

Staff |

Every year, Mainebiz honors outstanding Business Leaders of the Year in three categories. This year's honorees will be feted at an evening reception on May 3 at the Falmouth Country Club in what is...

Saco Island project developer unveils plan

Maureen Milliken |

A key waterfront parcel may be developed into a mixed-use residential and commercial center, more than a decade after initial plans were halted by the recession.

Libra Foundation's Monson development on track for first artists

Maureen Milliken |

The foundation's Piscataquis County project has bought 30 buildings and a farm in the town, and the positive effects are already following.

Promising scallop aquaculture initiative gets $600K boost

Staff |

The Foundation for Food and Agricultural Research awarded a $300,000 grant to CEI to investigate the economic viability of a Japanese scallop production technique that has been shown to grow scallops...

Forster Mill demolition opens up Wilton development possibilities

Maureen Milliken |

The long-awaited teardown of the massive vacant mill on Depot Street, and the site's proximity to economically surging downtown, comes with high hopes.

Falmouth seeks private partnerships in Route 1 development

The town of Falmouth is hosting a forum to increase awareness within the Greater Portland development community about commercial redevelopment possibilities within its Route 1 corridor.

Greenlight Maine taking applications for Season 4 and its $100K prize

Staff |

Greenlight Maine, an entrepreneurial pitch contest offering a $100,000 prize, has announced a casting call for its fourth season, which will be videotaped July 16-24 at the Gracie Theater at Husson...

Colby building buy is step forward for Camden National Bank too

The purchase of the Camden National Bank building at 33 Main St. in Waterville, the sixth the college has bought downtown, is part of its plan to develop a hotel, and the bank will move into the new...

Priority Group cited as key in Brunswick Landing's continuing success

Maureen Milliken |

The developer, named 2017 Developer of the Year by the Midcoast Regional Redevelopment Authority, is adding buildings, businesses to the former Navy air base.

Maine makes top 5 in states with highest tax burden

Staff |

A report released today by the personal-finance website WalletHub shows Maine as having the third highest overall tax burden of the 50 states.