The backing comes a week after Ocean Renewable Power Co. also received a nearly $4 million federal grant to help develop its technology to harness power from rivers and tides.
Maine business
Posted inBusiness
Dead River wins national award for veteran hires
The South Portland-based fuel company was honored by the U.S. Department of Labor for hiring and retaining veterans.
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Posted inBusiness, Local & State, News
Just the ticket: Concord Coach Lines sees more than 50 percent growth in 10 years
The American Bus Association says attention to customer service and carefully planned expansions make the intercity bus service a national model.
Posted inBusiness, Local & State
State chamber celebrates Maine bicentennial at annual dinner
The evening was highlighted by guest speaker Patrick Dempsey and a video featuring the state’s seven living governors.
Posted inBusiness, Local & State, News
Amid leadership change, Idexx reports double-digit earnings growth for third quarter
The Westbrook-based veterinary diagnostics firm revised its earnings forecast downward for the fourth quarter, citing the added costs of transitioning to a new CEO.
Posted inBusiness, Local & State
Wex reports 19 percent revenue growth for third quarter
The Portland-based payment processing firm’s quarterly adjusted net income increased by 16 percent from a year earlier.
Posted inBusiness
Windham equipment manufacturer sold to Massachusetts firm
New owners of Schlumpf USA said the Windham facility will expand.
Posted inFood
Restaurants sound off about online reviews
Chefs and restaurateurs say putting up with unfair, inaccurate and just plain nasty reviews on sites like Yelp and TripAdvisor is ‘a necessary evil.’
Posted inBusiness, Food, Local & State, News
Tariffs on European food and drink will take a bite out of holiday spreads
Local retailers and importers of European wines and cheeses are trying to buffer their customers from sticker shock, and hope that any price hikes resulting from new tariffs are temporary.
Posted inBusiness, Food, Local & State, News
Coffee By Design named trade magazine’s 2020 Roaster of the Year
Roast magazine, which covers the specialty coffee industry, recognized the Maine coffee company.