A boon for boat builder: Millennium Marine grows jobs in Eastport

Sarah MorrisseauEvents, Mainebiz

BY LAURIE SCHREIBER The boatbuilding firm Millennium Marine has had mostly success since it moved from New Brunswick to Eastport a year ago — so much so, that it plans to add 20 employees. Millennium Marine manufactures specialized vessels for fishermen, government agencies, research organizations and other professional operations. The third-generation family business has produced more than 600 boats over … Read More

UMaine gets grant to improve food safety

Sarah MorrisseauNews, Portland Press Herald

THE ASSOCIATED PRESS ORONO – The U.S. Department of Agriculture is awarding the University of Maine a $4.9 million grant to improve food processing technologies for products like grains, seeds and nuts. The school is among 36 universities in the country to receive a total of $19 million in grants from the USDA’s National Institute of Food and Agriculture. The … Read More

Business cluster slated for Portland’s Maine State Pier as city partners with Icelandic group

Sarah MorrisseauFox Business News, News

ASSOCIATED PRESS The state’s largest city is working with a group of international and local investors to transform part of a building on the Maine State Pier into a cluster of businesses with a focus on marine enterprises. The project is called the New England Ocean Cluster House, and it is the product of a partnership between Portland officials and … Read More

TechPlace gears up for Phase II industrial space

Sarah MorrisseauMainebiz, News

BY LORI VALIGRA TechPlace, the new startup incubator at Brunswick Landing being developed by the Midcoast Regional Redevelopment Authority, is gearing up for its Phase II expansion, which would include both individual company and shared manufacturing space. The incubator, which opened its office space in January during Phase I operations, has one tenant, Brunswick Landing Realty Development Corp., plus six … Read More

Maine boosts efforts to lure Chinese investors

Sarah MorrisseauBangor Daily News, News

BY DARREN FISHELL, BDN STAFF PORTLAND, Maine — Maine trade officials are hoping Chinese investors’ $120 million bet on tissue papermaking in Baileyville signals the start of a stream of capital from Asia’s financial giant to the state. The Maine International Trade Center in January opened an office in Shanghai, seeing opportunity to target investors in specific areas, like food … Read More

Italian company plans to invest $6 million in Lewiston plant

Sarah MorrisseauCentral Maine Journal, News

THE ASSOCIATED PRESS LEWISTON — The Italian owners of a Lewiston facility that makes high-tech storage, picking and distribution systems plan to invest $6 million in the plant, which could lead to dozens of new jobs. A spokesman for Modula, owner of the System Logistics plant, said the investment signals a long-term commitment to the area and comes as the … Read More

Maine lobstermen record another year of high lobster catch

Sarah MorrisseauMaine Sun Journal, News

BY PATRICK WHITTLE, ASSOCIATED PRESS PORTLAND — Every year in Maine is the year of the lobster, but 2014 was especially good, according to catch data released Thursday. Maine lobstermen set a record last year in posting a catch with a total value of $456.9 million, said state fishery regulators, who released the 2014 data. Maine’s lobster fishermen also topped … Read More

Eimskip boosts Portland-Halifax shipping calls

Sarah MorrisseauMainebiz, News

BY JAMES MCCARTHY Eimskip, the Icelandic shipping company that moved its U.S. port of call for its vessels to Portland from Norfolk, Va., is increasing the number of calls it makes to Halifax, Nova Scotia, from 13 to 31 calls per year. In a joint press release with the Port of Halifax, Eimskip noted the expanded service began on Feb. … Read More

Large Canadian insurer picks Maine to expand, start hiring

Sarah MorrisseauNews, Portland Press Herald

BY WHIT RICHARDSON Attracted by the Portland area’s reputation as an insurance industry hub, a financial services firm that is also one of Canada’s largest insurance companies plans to open a satellite office in Scarborough that could eventually house 200 employees. The Sun Life Financial office will become a primary part of the Toronto-based company’s disability insurance business, said Dan … Read More

Maine opens office in Shanghai

Sarah MorrisseauChina Daily, News

By PAUL WELITZKIN, CHINA DAILY USA Maine’s exports to China include wood pulp for paper manufacturing and its famous lobster and seafood catch. Now with a newly opened office in Shanghai the New England state is going after more direct Chinese investment. The office that the Maine International Trade Center (MITC) opened in the first week of January will have … Read More