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

A Beer-Powered Startup Scene Grows in Portland, Maine

Sarah MorrisseauNews, Popular Mechanics

BY JOE BARGMANN Whether you consider Portland, Maine a small city or a big town, it’s just the right size to “engineer collisions between people, ideas, and resources.” So says Jess Knox, founder of Maine Startup and Create Week, and Statewide Innovation Hub Coordinator for Blackstone Accelerates Growth. “You can go into any coffee shop and run into entrepreneurs and … Read More