The company’s president said the award would allow Ocean Renewable Power Co. to develop more product innovation and enter new markets.
maine businesses
Posted inBusiness, Maine, News
Sale of Olympia Sports means 8 Maine stores will close after liquidation sales
They are among 76 stores across the country that will close in the aftermath of the retailer’s sale to a private equity firm. Sixty-two people are expected to be laid off.
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Posted inBusiness, Food & Dining, News
Scratch Bakery closes its toast bar because of worker shortage
The South Portland bakery says the second location may reopen in the spring.
Posted inBusiness, Food & Dining
The Wrap: New restaurants, a favorite food business for sale, lots of other changes
The Perfect Spell opens Halloween night, Blue Spoon Cafe changes direction, Terra Cotta Pasta Co. moving, and Maine’s Pantry is for sale.
Posted inBusiness, Maine, Maine Cannabis Report
New federal hemp program expected to help growing Maine industry
Approved farmers will be eligible for key federal agriculture assistance, including farm loans and insurance, in 2020.
Posted inBusiness, Maine
Maine lobster landings ‘are way off,’ down 40% from last year
Fishermen had landed less than 50 million pounds by the end of September, a 38% decline from the 5-year average. The state’s top fishing regulator says ‘that doesn’t mean the sky is falling.’
Posted inBusiness, Maine
Program matches preservation-minded buyers with historic Maine properties
Protect and Sell, which is run by Maine Preservation of Yarmouth, has facilitated six sales thus far.
Posted inBusiness, Maine, News, Schools and Education
University of Maine receives $1 million for new engineering center
The $1 million gift from aerospace company Pratt & Whitney will fund a machine tool suite in a new engineering center.
Posted inBusiness, Maine
Lonely Planet ranks Maine among world’s best regions to visit in 2020
The travel site says Maine is lovely at any time, but next year’s bicentennial celebrations give it an edge.
Posted inBusiness
Former official of Prime Automotive’s majority owner indicted on obstruction charges
The Saco-based auto dealership chain’s lead investor, New York private equity firm GPB Capital Holdings, is under investigation in an alleged Ponzi scheme.