The state financing agency is providing loan insurance on $3.6 million so Front Street Shipyard can expand in Belfast.
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Posted inBusiness, Maine, News
July unemployment rate still well below 4 percent
The preliminary rate of 3.7 percent continues an extended period of low jobless claims.
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Posted inBusiness, Maine, News, Politics, Schools and Education
At new Cianbro facility, LePage praises vocational training, calls teachers ‘a dime a dozen’
Gov. Paul LePage, speaking at the grand opening for the Pittsfield company’s new workforce training facility, said a mentor program is more valuable than ‘just teaching out of a book.’
Posted inBusiness, Maine, News
L.L. Bean unveils new machine and a path to 1 million boots a year
The outdoor gear retailer is expanding its boot production capacity by one-third as a new molding machine goes online.
Posted inBusiness, Maine, News
Eastern Maine Healthcare System gets mixed reviews from credit rating agency
S&P reaffirms its BBB rating after Moody’s downgraded it to junk bond status.
Posted inBusiness, Maine, News
Twelve Maine companies make Inc.’s 5000 list of fastest-growing private firms
SaviLinx in Brunswick is ranked the highest at No. 28 with a revenue increase of over 9,000 percent.
Posted inBusiness, Maine, News
Groups file brief challenging Maine’s new solar rules
The filing appeals the Public Utilities Commission’s new solar rules in the wake of a failed legislative effort to sustain incentives.
Posted inBusiness, Maine, News
New operations building planned for Portland shipping terminal
Relocating an existing maintenance building will free up valuable space at the facility on Commercial Street.
Posted inBusiness, Maine, News
Seafood processor High Liner boots CEO after disappointing quarter, costly recall
The company, which operates a plant in Portsmouth, brings back its former chairman to run the business.
Posted inBusiness, Maine, News
ImmuCell posts lower sales, net loss in second quarter
The Portland-based company said record sales in the first quarter may have created a glut of its products in the market.