CEO William Caron and President Richard Petersen said they both would stay through 2020 and that a nationwide search for their replacements would commence immediately.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness
SBA-guaranteed loans in Maine drop slightly from previous year
The U.S. Small Business Administration guaranteed a total of $77.1 million in loans in its 2019 fiscal year, down 7 percent from $83.1 million in loans a year earlier.
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Posted inBusiness, Local & State
Maine home sales set record in September
Sales of existing single-family homes increased by 11% from a year earlier, while the median home sales price increased by 6.4% to $228,750.
Posted inBusiness, Local & State
Head of Portland-based Covetrus steps down, after months of turmoil since company’s launch
Company co-founder Benjamin Shaw will receive more than $2.3 million in severance and transition to an advisory role less than 9 months after the veterinary technology and services firm’s initial public offering.
Posted inBusiness
New 10-cent surcharge on Maine phone lines will fund broadband expansion
The surcharge approved by the Legislature will be used to support broadband expansion projects in the state starting in 2020.
Posted inBusiness
Internet companies leave customers in the dark on storm-related outages
Providers don’t disclose the scope of outages or predict when service will be restored – because they don’t want to, and because they can’t.
Posted inBusiness, Local & State, News
Biological sciences industry on the rise in Maine, new report shows
Job growth in the sector has been 14% over the past 5 years, compared with only 4% for all industries combined, says the Bioscience Association of Maine.
Posted inBusiness
Foreside Financial Group acquires Atlanta consulting firm
The Portland financial services firm has purchased Compliance Advisory Services, a regulatory compliance consulting firm.
Posted inLocal & State, News
It’s a boom year for acorns, but the reason is a tough nut to crack
‘Mast years,’ when oaks of a certain type drop more seed than usual, occur every 2 to 5 years, and scientists can’t explain why.
Posted inBusiness
Free financial education conference offered at USM
The conference on Oct. 19 is designed to help Mainers deal with common personal finance issues.