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Banking & Finance

MTI reports on record funding year in 2018

Staff |

The Maine Technology Institute released its 2018 annual report highlighting a record year of financial support to Maine companies and said it will unveil a new funding approach in March.

Three Maine companies fight hunger through partnership with Buoy Local

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Geaghan Brothers Brewing, Gifford's Ice Cream and Governor's Restaurant partnered with Buoy Local, a program of Bangor Savings Bank, to donate a portion of their sales in 2018 to help fight hunger.

Norway Savings Banks donates $100K to nine Maine nonprofits

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Norway Savings Bank said it will share $100,000 from a successful year with nine Maine nonprofit groups serving Maine's Oxford, Androscoggin, Cumberland, York and Sagadahoc counties.

Bangor Savings Bank Foundation awards $215K in grants

Bangor Savings Bank Foundation recently made $215,450 in grants to 18 nonprofit organizations based in Maine and New Hampshire.

Jobs training programs at community colleges boosted by Alfond grant

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A $3.6 million grant from the Harold Alfond Foundation will help Maine's seven community colleges expand and strengthen short-term training for those seeking to enter the workforce, as well as...

Nonprofits share in grants from People’s United Community Foundation

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People’s United Community Foundation, the philanthropic arm of People’s United Bank, has awarded $58,500 to Maine nonprofits during its third grant cycle of 2018.

Credit union league's CEO named to Maine State Chamber's board of directors

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Todd Mason, president and CEO of the Maine Credit Union League, has been appointed to the board of directors of the Maine State Chamber of Commerce.

Able to work: Disability is not a handicap at some Maine employers

Renee Cordes |

From 2012-16, fewer than a third of working-age Mainers with a disability were employed, compared to 80% employment for others, according to the Maine Department of Labor. But a number of Maine...

Buxton company lands $600K grant to bring seaweed to the bread aisle

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Buxton-based VitaminSea will receive a $600,000 Small Business Innovation Research grant from the U.S. Department of Agriculture to further develop SeaKelp+, a kelp-based additive for bread.

Children's Museum & Theatre of Maine receives Bank of America's 'largest ever' Maine grant

Laurie Schreiber |

The Children's Museum & Theatre of Maine in Portland received a $250,000 grant from Bank of America Foundation for the planned construction of a new 30,000-square-foot facility on Thompson's Point.