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Banking & Finance

Jobs training programs at community colleges boosted by Alfond grant

Staff |

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

Staff |

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

Staff |

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 |

Past the showroom of cottage-style beds, tables and dressers in cheerful blues and greens is the 23,000-square-foot Maine Woodworks shop where the furniture is custom-built, painted and...

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

Staff |

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.

More banks enter Portland market — each having bold growth ambitions

Renee Cordes |

Commercial banking in Portland is revved up for its next act with two industry stalwarts — one global, one from Downeast — setting up new offices and teams here.

Community development institutions step in where traditional lenders are reluctant to go

Laurie Schreiber |

Community Concepts Finance Corp., Coastal Enterprises Inc. and Eastern Maine Development Corp. are Community Development Financial Institutions, private sector financial institutions that may receive...

Bankruptcy filings at post-recession low, but trouble's seen on the horizon

Peter Van Allen |

This year is shaping up to have the lowest number of bankruptcies since before the recession.

Westbrook accounting startup finds niche in advising small to mid-sized Maine businesses

Renee Cordes |

Tabitha Swanson, founder and CEO of The Swanson Group LLC, a full-service tax, accounting and consulting firm based in Westbrook, finds her niche in serving primarily small to mid-sized Maine...