Economic Development

Mainebiz Feature Focuses on Target Technology Incubator

Mainebiz published an article about Orono’s Target Technology Incubator and its relationship with the University of Maine. The incubator began in the late 1990s to spur innovation, boost regional economic development and elevate UMaine’s standing as a research university, according to the article. Renee Kelly, co-director of programs, operations and outreach at the UMaine Foster […]

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McConnon Talks to Press Herald About Back-to-School Shopping

James McConnon, economics professor at the University of Maine, spoke with the Portland Press Herald for the article “School shopping offers a lesson on the economy.” McConnon predicts many shoppers will be spending smartly and may wait to take advantage of Labor Day sales. He also said school shopping season is an important time for […]

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Wall Street Journal Interviews Couple About Student Loan Debt, Business

The Wall Street Journal interviewed two University of Maine students, John and Christine Carney, about their student loan debt and how it has changed their business plans for their startup, Through Thick and Thin. For their business, they make acrylic cupcake toppers, jewelry and ornaments using a laser cutter. Because of their debt, they have […]

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UMaine Scientists Monitor Environment for Power Company’s Project, BDN Reports

University of Maine scientists have been participating in the environmental monitoring of a Portland-based power company’s tidal power project, according to the Bangor Daily News. Ocean Renewable Power Co. seeks to harness and convert energy from tidal waters into electricity and deployed a turbine generator in Cobscook Bay about a year ago as part of […]

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Bayer Talks to Financial Times, MPBN About Oversupply of Lobsters

Bob Bayer, executive director of the Lobster Institute at the University of Maine, spoke with Financial Times and the Maine Public Broadcasting Network about the oversupply of lobsters and the negative effects on the industry. Bayer said he doesn’t think anyone really understands how the price of lobster is set, and called the crustacean a […]

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McConnon’s Research on Maine Businesses Cited in BDN Article

The Bangor Daily News article “Gov. LePage touts potential for ‘microbusiness’ growth in Maine” cited research compiled by James McConnon, an economics professor at the University of Maine. The information states of the 133,000 microbusinesses in Maine, four out of five operate with no employees other than the business owner.

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Bayer Cited in MPBN Article on Lobster Processing

Maine Public Broadcasting Network spoke with Bob Bayer, executive director of the Lobster Institute at the University of Maine, for the article “Maine’s surging lobster haul shifts focus to processing.” Bayer said he doesn’t think there’s an easy place to get a processing facility up and running in Maine because it’s a complicated and difficult […]

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Productivity in Maine Report Focus of BDN Editorial

A quarterly jobs economic report released by the Maine Development Foundation and the University of Maine’s School of Economics was the focus of the Bangor Daily News editorial “Where are Maine’s high-paying jobs?” The study found the productivity of Maine workers is one of the worst in the nation due to the state’s rural nature. […]

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Jemison, Fitzgerald, McConnon Cited in Morning Sentinel Article on Farmers Markets

The University of Maine Cooperative Extension’s John Jemison, water quality and soil specialist; Caragh Fitzgerald, agricultural educator; and James McConnon, business and economics specialist and professor at UMaine spoke with the Morning Sentinel for the article  “Central Maine farmers markets gain in popularity.” Jemison talked about the limited opportunities in established farmers markets, Fitzgerald touched […]

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