The money will be used to buy a new kind of cutting machine that will reduce costs and improve production time.
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Posted inBusiness, Maine
Maine’s low unemployment rate extended historic streak in June
The rate of 2.9 percent was up slightly from May, but still well below the national average of 4.0 percent.
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Posted inBusiness, Maine
Androscoggin Bank names new president
Falmouth resident Neil Kiely will also become the bank’s CEO next year.
Posted inBusiness, Maine
Verso announces upgrades at Jay mill, focus on specialty papers
The company said it is looking to “reposition 100 percent of the Androscoggin Mill’s production to serve specialty paper and packaging markets.”
Posted inBusiness, Maine
Federal grant will fund improvements to help jetport handle more passengers
The $3.9 million will pay for a new taxiway and a larger plane parking apron that are part of a 20-year expansion master plan.
Posted inBusiness, Maine, News
Regulators open new probe into complaint that CMP has been gouging customers
A group of customers alleges that Central Maine Power’s rates exceed the PUC’s limit for return on equity.
Posted inBusiness, Maine
Portland selected as a testing ground for self-driving car technology
The city hopes its role in the pilot project to test software that maps local traffic rules and restrictions will help it attract companies developing autonomous vehicles.
Posted inBusiness, Maine
Portland disability-services company acquired by Massachusetts benefits group
PDA, which provides specialty claims management services and reports revenues of about $15 million, will continue to operate from its Maine location.
Posted inBusiness, Maine
CMP touts benefits of power line project in Farmington
A public meeting drew about 100 people, many of whom voiced opposition with signs and stickers against the project.
Posted inBusiness, Maine
Belgrade marina permit stirs debate at scenic lakeside area
The Planning Board recently denied a commercial permit for Brightside Marina, owned by Shawn Grant.