The U.S. Small Business Administration says the increase in fiscal 2017 was led by a 48 percent jump in loans to acquire fixed assets.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, Local & State, News
Maine-based venture capital fund headed for liquidation
CEI Community Ventures Fund LLC lost more than 70% of its value and failed to repay a $7.5 million SBA loan.
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Posted inHealth, Local & State, News
Trump’s move to stop payments to ACA insurance providers will push premiums higher in Maine
The average premium increase for Affordable Care Act ‘silver’ plans in 2018 will be nearly 50 percent, the state Bureau of Insurance says.
Posted inBusiness, Health, Local & State, News
Additional health insurer to sell Maine plans in 2018
UnitedHealthcare of New England will offer large and small group coverage to employers but won’t join the ACA individual marketplace.
Posted inBusiness, Local & State, News
MDI scientist receives $1.7 million grant for being ‘outstanding investigator’
The funding from the National Institute of General Medical Sciences will assist Vicki P. Losick’s research on wound healing at the laboratory in Bar Harbor.
Posted inBusiness
Portland’s Vets First Choice investment cracks top 10 nationwide
It was the 10th-largest U.S. venture capital deal during the third quarter, according to a leading investment report.
Posted inBusiness, Local & State
FocusMaine starts executing master plan to bring more jobs to the state
Aided by $6 million in funding, the independent group of state business leaders hires a chief executive as it works to add skilled workers in three industries.
Posted inBusiness
Photo Finish to stop developing film
The Auburn photography shop cited rising costs and decreased demand.
Posted inBusiness, Local & State, News
Despite complaint, L.L. Bean claims right to ‘Be an Outsider’
A Utah outdoor apparel maker says the ad campaign infringes on its ‘The Outsider’ trademark.
Posted inBusiness, Local & State, News
Neglect plagues downtown Portland’s landmark Time & Temperature Building
The building is deteriorating steadily and losing tenants, who wonder why the owner doesn’t either maintain it or sell it.