Australian company buys Saddleback, plans investments at mountain resort

Cheryl RauMainebiz, News

BY MAINEBIZ STAFF An Australian company has agreed to buy Saddleback Mountain Resort from the Berry family, giving the ski resort new life after being closed two seasons. Majella Group, which has diversified holdings and an office in Portland, signed an asset purchase agreement to secure ownership of Saddleback Mountain Resort in Rangeley. The purchase includes all holdings of Saddleback … Read More

Maine’s Aviation Sector is Ready for Takeoff

Cheryl RauNews

FOR IMMEDIATE RELEASE Portland, Maine – The Aerospace & Defense industry is the US’s second largest gross export industry.  In 2016, the US exported $146 billion to countries all over the world, supporting 2.4 million US jobs and generating a $90.3 billion positive trade balance.  Civil aerospace products (airplanes and parts) alone accounted for $123.7 billion of these exports, which … Read More

Calif.-based LED manufacturer relocates to southern Maine

Cheryl RauMainebiz, News

BY MAINEBIZ STAFF Cirrus LED Systems, a worldwide leader in LED technology and a member of the Inc. Magazine list of fastest-growing private companies in the nation, has relocated its headquarters and manufacturing operations from San Francisco to Saco. Prior to the move last month, the company had maintained a small East Coast sales office on Middle Street in downtown … Read More

Composites in the News

Maria McIntyreNews

As applications for composites and hybrids continue to diversify and grow, so does this unique niche industry in Maine. Composites in the News May 2017  

Finnish aircraft firm picks Brunswick Landing for U.S. headquarters

Cheryl RauMainebiz, News

BY JAMES MCCARTHY Brunswick Landing has been selected as the headquarters for a joint venture between the Finnish aircraft company Atol Avion and a U.S.-based investor group that plans to build and distribute an amphibious light sport aircraft in the North American market. “They’ll be starting off in TechPlace,” Steve Levesque, executive director of Midcoast Regional Redevelopment Authority, told Mainebiz … Read More

Fourth happiest state? It’s Maine

Cheryl RauMainebiz, News

A national report analyzing five metrics for each of the 50 states puts Maine as the fourth-highest state overall for well-being. That ranking, announced today as part of the Gallup-Healthways State of American Well-Being series, is up nearly 20 spots from last year. The report looks at how states compare across the five elements of well-being: Purpose, defined as “liking … Read More

Maine Healthcare and Bioscience Forum

Cheryl RauEvents

When: Wednesday, October 26, 2016; 2:00 pm – 6:00 pm Where: Royal Sonesta Hotel, 40 Edwin H. Land Boulevard, Cambridge, MA Only sixty minutes away, companies are finding a growing life science community, a knowledgable workforce and the expertise to realize their expansion plans. Hear from Athena Health, recently ranked #6 on Forbes’ list of Innovative Growth Companies, Sweden’s Molnlycke … Read More

Wayfair’s Maine expansion set with Bangor opening

Cheryl RauMainebiz

The Boston-based online home goods retailer Wayfair opened the doors of its Bangor customer service center on Friday, nearly seven months since it made its initial announcement that the center would bring 450 jobs to the city. “We are excited to join the local Bangor community and build upon the area’s tremendous legacy in customer service,” Liz Graham, vice president … Read More

US, Maine in Top Ranks for Investment, Economic Growth

Cheryl RauNews

The IBM Institute for Business Value released its tenth edition of the Global Location Trends Annual Report citing continued growth in foreign direct investment in 2015 with the U.S. still the destination of choice. China moved to third as India eked out the second spot. High quality jobs, those that pay well or require higher skill are the result of … Read More

Online retailer Wayfair to add 950 jobs in Bangor, Brunswick

Cheryl RauBangor Daily News, News

By Darren Fishell and Nick McCrea, BDN Staff The online home furnishings giant Wayfair will open a pair of contact centers in Maine, bringing 450 jobs to Bangor and 500 to Brunswick, the company confirmed Thursday. The Boston-based competitor of retailers such as Bed Bath & Beyond, Amazon and Target anticipates moving in August to the call center occupied by … Read More