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Economic Development

Lubec works to get chamber back on track after two-year hiatus

Laurie Schreiber |

The all-volunteer organization fell by the wayside, but, with renewed interest, longtime member decided to give it "one last shot," and it worked.

Waterville's Bill Mitchell, guided by late father's example, making an impact on his hometown

Maureen Milliken |

Bill Mitchell started working at his father's Waterville insurance agency in 1982, when insurance advertising was word of mouth and the Yellow Pages.

Report: Shortage of loggers and truckers hinders growth of $8.5B forest products industry

Staff |

A new report concludes that Maine faces a shortage of loggers and log truckers that will get worse — if wage growth does not occur — and could hinder the growth of the $8.5 billion forest...

Piscataquis County: The under-the-radar hot spot in Maine real estate

Maureen Milliken |

A combination of county-wide economic development, focus on destination tourism and low prices have boosted house sales in the sparsely populated region.

Scratchpad Accelerator gets $150K boost from Bangor Savings

Staff |

Bangor Savings Bank will invest $150,000 over three years in the Bangor-based Scratchpad Accelerator run by University of Maine Business School professor Jason Harkins and serial entrepreneur Lisa...

Skowhegan grant money will set Kennebec on 'fire'

Maureen Milliken |

The Kennebec River in Skowhegan will light up for special events, the result of a $75,000 grant from the Maine Arts Commission to Main Street Skowhegan. A three-year Creative Communities Economic...

Federal DOL proposes $35K overtime rule threshold

Staff |

The federal salary threshold to receive mandatory overtime pay would increase from $455 a week to $679 a week under a proposal announced Thursday by the U.S. Department of Labor.

$14M financing for Rock Row project will upgrade transportation links

Staff |

Developers of the Rock Row project in Westbrook have secured $14 million in bond financing for the two million-square-foot mixed-use development in an agreement that will pay for public...

Manufacturing's next frontier? Makers of small launch vehicles target booming nanosatellite market

Laurie Schreiber |

Two startup manufacturers of small satellite launch vehicles have their sights set on a nanosatellite market that's literally taking off around the world.

‘Greenlight Maine’ to reveal Season 4 finalists in its 100th episode

Staff |

“Greenlight Maine,” an entrepreneurial pitch contest offering a $100,000 prize, will celebrate its 100th episode this weekend and unveil its three Season 4 finalists.

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