News & Events
2/2/12
New Hinckley yacht work to support 90 jobs
Yacht-maker Hinckley Co. has launched the first in a new series of luxury boats that the company says will keep 90 people employed this year. Read More »
1/18/12
Portland pet pharmacy acquires Md. company
Portland-based Vets First Choice, an online pet pharmacy and marketing services provider, yesterday announced the acquisition of Maryland-based competitor VetCentric. Read More »
1/16/12
Bernstein Shur makes Fortune Magazine's list of top law firms in the U.S.
Bernstein Shur, one of northern New England’s largest law firms, was recently named in Fortune magazine’s Top Ranked Law Firms. Read More »
1/3/12
Ship modeling co. to expand staff
A computer-based maritime modeling company that set up shop at Brunswick Landing last summer intends to increase staff by 50%, citing "outstanding" operations at the former Navy base. Read More »
12/30/11
L.L. Bean adding 125 full-time jobs
The Freeport-based retailer's familiar footwear has become something of a fashion statement owing to its popularity on college campuses. Read More »
12/20/11
MEMIC acquires Vermont insurer, plans expansion
Workers' compensation insurer The MEMIC Group announced today it has acquired a Vermont-based insurer and also plans to expand its operations to Pennsylvania and New Jersey next year. Read More »
12/19/11
CEO of Lewiston's Baxter Brewing Co. named one of Forbes' Food and Wine 30 under 30
Luke Livingston, the 27-year-old CEO and founder of Lewiston's Baxter Brewing Company, has been named one of Forbes Magazine's 30 under 30 in the food and wine category. Read More »
12/16/11
Firm to buy Pittsfield call center, hire 20 workers
Argo Marketing Group, a customer service and marketing company based in Lewiston, announced Thursday a major expansion of its operations in Pittsfield with the addition of up to 50 new jobs. Read More »
12/12/11
Workers' comp costs to decrease again
Maine companies are expected to save $7 million in avoided workers' compensation costs next year... Read More »
12/9/11
Hodgdon to build Air Force vessels
Hodgdon Defense Composites, an affiliate of East Boothbay-based Hodgdon Yachts, will soon begin building U.S. Air Force rescue vessels on the Bath waterfront. Read More »
11/29/11
SMCC new owner of former base land
Southern Maine Community College has formally received 22 acres of land at the former Brunswick Naval Air Station for its midcoast campus. Read More »
11/22/11
Portland co. buys Boston media co.
Diversified Business Communications has acquired a Boston-based media network focused on primary care medicine. Read More »
11/16/11
Elmet Technologies acquires Wash. firm
Lewiston-based manufacturer Elmet Technologies Inc. has acquired a precision manufacturer in Washington and China for an undisclosed price. Read More »
11/15/11
iBec's McKinnell wins entrepreneur award
Becky McKinnell, president and founder of iBec Creative in Portland, was honored in New York City on Friday with an international business award. Read More »
11/15/11
GD Saco gets $6.9M contract for machine guns
General Dynamics Armament and Technical Products has been awarded a $6.9 million contract by the U.S. Army TACOM Life Cycle Management Command to produce about 600 M2 heavy barrel (M2HB) machine guns. Read More »
11/15/11
NY firm buys Portland Color because of quality of Maine's workforce
Portland Color owner Andy Graham has sold his large-format digital-printing company to Designtex, a New York City-based firm. Read More »
11/11/2011
Sappi investing $13M in Skowhegan mill
Sappi Ltd. is spending $13 million to upgrade coated paper manufacturing at its Somerset Mill in Skowhegan. Read More »
11/8/2011
Idexx acquires Missouri lab
Idexx Laboratories has acquired the research and diagnostic laboratory business of the University of Missouri's College of Veterinary Medicine for $43 million. Read More »
11/4/2011
Carbonite finishes relocating services to ME
Boston-based technology company Carbonite, which in July opened a customer support center in Lewiston, today announced it has completed moving all of its support operations back to the United States from overseas. Read More »
11/2/2011
BIW nets $14M contract extension
Bath Iron Works has been awarded a $14 million contract extension for work on the DDG 1000 destroyer class. Read More »
11/2/2011
Revenues up 55% at Wright Express
Revenues rose 55% for the third quarter at South Portland-based payment processer Wright Express Corp. Read More »
10/29/2011
UMaine to build cellulose facility
The University of Maine's Forest Bioproducts Research Institute is building a $1.5 million plant to manufacture a cellulose material that could someday replace synthetic plastics. Read More »
10/28/2011
Franklin County program could aid Kestrel
State and Brunswick officials are eyeing a new federal investment program approved for Franklin County as a way to provide funding to keep Kestrel Aircraft at the former Brunswick Naval Air Station. Read More »
10/4/2011
JAX nets another $33M for research
Following on the heels of a $25 million federal grant, The Jackson Laboratory recently announced it will receive a $33 million grant for three gene-research projects. Read More »
10/3/2011
Putney leashes a $21M funding for generic pet medicine
Putney Inc.,a Maine company developing generic prescription medicine for pets, has rounded up $21 million in a Series C financing led by both Safeguard Scientifics Inc. and NewSpring Capital. Read More »
10/3/2011
Portland Jetport opens expanded terminal
A $75 million expansion of the Portland International Jetport terminal has been completed and is now in service. Read More »
9/28/2011
Oxford Networks to invest $5M in Brunswick data security startup
Two Maine companies — one an established telecommunications firm, the other a data security startup — have teamed up on an innovative deal that will enhance their, and the state’s, technology future. Read More »
9/28/2011
$25M grant funds JAX's genetics database
The Jackson Laboratory has received a $24.6 million federal grant to continue operating its genetic information database. Read More »
9/09/2011
Carbonite: 75 new hires and counting
The space is low-lit, the walls a company-colored purple and gray, and the number of new employees 75 and counting. Read More »
9/8/2011
Peter DelGreco Appointed New President and CEO of Maine & Company
Maine & Company announces that Peter DelGreco has been appointed President and CEO effective September 15th. Read More »
8/31/2011
UMaine Offshore wind lab nets $3M
The University of Maine's AEWC Advanced Structures & Composites Center is receiving a $3 million federal grant to buy equipment for its deepwater offshore wind research laboratory. Read More »
8/29/2011
Two cos. named to SBA 100 list
Two Maine companies have been named to the U.S. Small Business Administration's SBA 100 list, which highlights companies that have received SMA aid and created at least 100 jobs. Read More »
8/29/2011
Three airports win $22M
Three Maine airports are getting federal grants totaling more than $22 million to improve their runways. Read More »
8/24/2011
New Acadia research center unveiled
Schoodic Education and Research Center Institute, along with the National Park Service, today is celebrating the grand opening of its $18 million center in Acadia National Park. Read More »
8/24/2011
Inc list includes 11 Maine cos.
Eleven Maine companies have made Inc. Magazine's 2011 list of the fastest-growing companies in the country. Read More »
8/1/2011
New rifle company takes over Bushmaster plant
Former Bushmaster owner Richard Dyke launches Windham Weaponry and rehires former employees. Read More »
7/27/2011
BIW secures deal for two destroyers
Bath Iron Works and the U.S. Navy have reached an agreement on contracts for the next two ships in the DDG 1000 destroyer program. Read More »
7/13/2011
Idexx plans $60 million headquarters in Maine
An agreement restricting activities at a nearby quarry allows the company to put up a building that could hold 700 new workers. Read More »
6/23/2011
Report: Maine No. 1 in tech infrastructure
Maine leads the nation for technology infrastructure, thanks in part to the $32 million Three Ring Binder broadband expansion project, a recent U.S. Chamber of Commerce report says. Read More »
6/10/2011
Hussey Seating acquires Ill. firm
A North Berwick seating company has acquired an Illinois company that it says will help it grow beyond its core markets. Read More »
5/25/2011
Up to 250 tech jobs bound for Lewiston
Drawing long, loud applause, CEO David Friend announced Tuesday that Carbonite is closing its five-year-old tech support call center in India and bringing those jobs here — where they’ll pay nearly three times as much per hour. Read More »
5/18/2011
Navy awards BIW $30 for destroyer
The U.S. Navy has awarded Bath Iron Works a nearly $30 million contract modification for work on the next class of destroyers.
Read More »5/11/2011
Colleges ranked as two of nation's best
A national nonprofit group has rated two of Maine's community colleges among the best two-year community colleges in the nation, putting them in the running for a $1 million award. Read More »
5/2/2011
Report: ME taxes best for new investment
Maine ranks best in the nation for imposing the smallest tax burden on new business investment, according to a report from the Council on State Taxation and Ernst & Young. Read More »
4/29/2011
Marine modeling co. to open at BNAS
Houston-based American Bureau of Shipping, a provider of marine and offshore classification services, plans to open at the Brunswick Naval Air Station. Read More »
4/21/2011
Saco Defense nets $13 in contracts
General Dynamics Armament and Technical Products has been awarded two contracts worth a combined $12.0 million to build gun systems for the armed forces, with work to be performed in Saco. Read More »
4/5/2011
athenahealth selected as a supported EHR vendor for the Maine Regional Extension Center
athenahealth, Inc., a leading provider of cloud-based practice management, electronic health record (EHR), and patient communication services to medical groups, today announced that HealthInfoNet, a Maine nonprofit that operates the statewide health information exchange and Maine Regional Extension Center (MEREC), has selected athenahealth as a one of its supported EHR vendors. Read More »
4/4/2011
Wright Express acquires Florida firm
Payment processor Wright Express Corp. has acquired a Tampa, Fla.-based payroll card and electronic paystub provider. Read More »
4/4/2011
BNAS airport opens for civilian use
The airport at the Brunswick Naval Air Station has now opened for civilian use as the Brunswick Executive Airport. Read More »
4/3/2011
UMaine center gets national engineering honor
The Advanced Structures and Composites Center receives the Pankow Award for Innovation. Read More »
3/29/2011
$60M pipeline project planned for Portland
A $60 million project to upgrade or replace more than 100 miles of natural gas pipeline in greater Portland is slated to begin next month. Read More »
3/2/2011
Husson launches new business college
Husson University's board of trustees has approved a new college of business that will help it attract more students. Read More »
2/25/2011
Orono outsourcing company sold, expected to add 200 jobs
A local outsourcing business in Orono is expected to grow now that it's been purchased by a company in Atlanta. Read More »
2/15/2011
CashStar cashes in with $5M in new funding
CashStar Inc., the Portland, Maine-based startup supplying online gift card technology, has raised $5 million in a new round of funding. Read More »
2/15/2011
New lobster products co. launched
A group of nearly 40 lobstermen has launched a new Portland company that will sell prepared lobster foods online and in supermarkets. Read More »
1/25/2011
$1.2M to fund NMCC energy center
Northern Maine Community College has received $1.2 million to open an alternative education and training center. Read More »
1/25/2011
Cerahelix develops water purification tech to aid water crisis
At Cerahelix, we are helping solve the world’s water crisis by developing a breakthrough technology in water purification. Read More »
1/18/2011
Cianbro secures module project at Eastern Manufacturing Facility
Pittsfield-based Cianbro Corp. has won a second contract for module work at its Brewer facility. Read More »
12/29/2010
Port of Eastport marks milestone year
The port of Eastport is celebrating a record year for cargo, surpassing 400,000 tons for the first time in its history. Read More »
11/19/2010
Russian firm to use UMaine bridge technology at Olympics
Maine technology most likely is headed to the 2014 Oympic Games in Russian. Read More »
11/19/2010
Verso launches renewable energy project at Bucksport Mill
Verso Paper Corp. announced today the launch of a $0 million Renewable Energy Project at its Bucksport, Maine mill. Read More »
11/16/2010
BIW wins $8.5M contract addition
Bath iron Works has won a nearly $8.5 million contract modification for work on the new line of destroyers currently being built there. Read More »
11/08/2010
Cianbro acquires Illinois contractor
Pittsfield-based construction firm Cianbo Corp. announced Friday it has acquired Starcon International Inc. Read More »
11/04/2010
Job training gets $500,000 boost
The Maine Manufacturing Extension Partnership in Augusta is receiving $500,000 from federal labor officials to facilitate job training and placement services. Read More »
10/15/2010
MTI awards $7.25M in grant funding
The Maine Technology Institute has awarded a total of $7.25 million through its Maine Technology Asset Fund to 10 Maine companies and organizations. Read More »
10/06/2010
BIW wins $34M Navy contract
Bath Iron Works has received a nearly $34 million contract modification from the U.S. Navy that will fund additional work in the DDG 51-class destroyer program. Read More »
10/01/2010
Jackson Lab scientist wins $2.7 million "Innovator" award
Dr. Chengkai Dai will use the award to study a group of proteins that play a role in the development of cancer. Read More »
9/30/2010
Bigelow lab wins $9M for research center
The Bigelow Laboratory for Ocean Sciences in Boothbay has won a $9.1 million grant to build a new research center. Read More »
9/29/2010
Iberdrola to build five substations in Maine
New electricity grid from Maine to Canada will create 3,100 jobs. Read More »
9/28/2010
SNAP wins second military contract
A week after winning an $11 million Army contract, a Down East company started by the Passamaquoddy Tribe has won another nearly $8 million contract. Read More »
9/25/2010
Southwest Airlines coming to PWM
National, low-cost carrier Southwest Airlines will begin servicing the Portland International Jetport after its acquisition of AirTran Airways is completed in two years. Read More »
9/22/2010
Brewer firm lands $13.2 million contract for Maine Army National Guard regional training facility
Nickerson & O'Day Inc. of Brewer has been awarded a $13.2 million contract for the second phase of the Maine Army National Guard's Regional Training Institute at the Bangor Armed Forces Reserve Center. Read More »
9/21/2010
Turbine manufacturing center wins grant
A $1.4 million federal grant will fund the establishment of a marine energy center in Washington County. Read More »
9/21/2010
Wright Express completes purchase of Australian firm
South Portland-based Wright Express Corp. has completed its acquisition of an Australian firm for $318 million. Read More »
9/20/2010
Texas company opens Presque Isle call center
A Texas-based teleservice company has opened a branch in Presque Isle that could employ up to 100 people in the next year. Read More »
9/09/2010
Cianbro awarded new project for Brewer's Eastern Manufacturing Facility
Cianbro has been awarded a new project to construct 22 Electrical Rooms, contracted by Vale, an international mining company headquartered in Brazil. Read More »
9/8/2010
Bigelow Laboratory starts building for the future in Maine
Ground is broken in East Boothbay on a $50 million campus – the future home of Bigelow Laboratory for Ocean Sciences. Read More »
9/07/2010
Educare center opens in Waterville
A unique early childhood education center, the first of its kind in New England, has opened in Waterville. Read More »
9/01/2010
Saco Defense wins $75M gun contract
The U.S. Army has awarded Saco Defense a more than $17 million machine gun contract. Read More »
8/27/2010
Maine firm, Boeing team up on combat vehicles
A company new to Augusta unveiled an ambitious partnership Thursday aimed at propelling its technology to the front lines of battle. Read More »
8/18/2010
Largest ocean energy device ever installed in U.S. waters generates electricity at design capacity
Advanced technology revolutionizes the U.S. ocean industry. Read More »
8/3/2010
Saco Defense wins $25M contract
Saco Defense has won a $25 million contract to manufacture grenade launchers. Read More »
7/30/2010
Students study up for plum positions
State grant gives workers free training for service jobs. Read More »
7/30/2010
TD Bank opens Auburn call center
TD Bank will open its new call center in the Auburn Mall this weekend, a $16 million renovation project that's expected to employ 500 people by next year. Read More »
7/23/2010
$100 million, 300 jobs - airplane manufacturer to launch new line in Brunswick
The founder of one of the most successful small aircraft companies in the world is planning to launch a $100 million airplane manufacturing project in Brunswick. Read More »
7/23/2010
Colby, Bigelow Laboratory announce partnership
Students and faculty at Colby College and researchers at Bigelow Laboratory, of West Boothbay Harbor, will all have greater access to education and research in marine sciences. Read More »
7/13/2010
USM gets $175K NSF grant for energy education
The University of Southern Maine has landed a grant from the National Science Foundation that will be used to create an applied energy curriculum at the Portland-based school. The grant is for three years and totals $175,000, according to the university. Read More »
7/07/2010
BIW awarded $105M destroyer contract
The Navy has awarded Bath Iron Works a more than $105 million contract for work on the second and third DDG-1000 class destroyers. Read More »
6/22/2010
PlumChoice sees success in fixing tech woes
Massachusetts-based tech support company PlumChoice has experienced some rapid growth as of late. The company recently announced plans to hire 350 people in Maine, after opening an office in Scarborough last October that employs more than 100. Read More »
6/25/2010
UMaine to get $20M for offshore wind
U.S Energy Secretary Steven Chu's visit to the University of Maine earlier this month has led to $20 million in funding for deepwater offshore wind reserach. Read More »
6/16/10
Employers to pay less for workers' comp
Maine employers will pay the lowest assessment in more than a decade to fund the state Workers' Compensation Board. Read More »
3/18/2010
Maine tidal power company pulls in $4M
Ocean Renewable Power Co. LLC, a Portland, Maine-based tidal power developer, has taken in $4 million in convertible debt, according to a filing submitted to the U.S. Securities and Exchange Commission on Wednesday. Read More »
3/24/2010
Maine Investment Exchange
Held 30th Forum on
Wednesday, March 24, 2010, at
The Woodlands Club, Falmouth, ME.
The Maine Investment Exchange (MIX) provides regularly scheduled forums to bring together providers of risk capital with qualified entrepreneurs seeking capital. Read More »
2/25/2010
Kittery shipyard to hire 250
The Portsmouth Naval Shipyard in Kittery plans to hire 250 new employees over the next seven months, adding to the 110 new apprentices enrolled in its training program this month. Read More »
1/8/2010
UMaine wins $12.5M for composites lab
The University of Maine in Orono has won a $12.5 million stimulus grant to build a new laboratory at its composites center that will be the first facility of its kind in the United States. Read More »