Economic Development

AP reports on new EDA funding to help forest products sector

The Associated Press reported U.S. Sens. Susan Collins and Angus King and U.S. Rep. Bruce Poliquin announced the University Center Economic Development Program at the University of Maine and University of Southern Maine will receive $116,667 in grant funding from the U.S. Economic Development Administration to support technical assistance for Maine’s forest products sector. In […]

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MTI approves grant applications of companies with ties to UMaine

The Maine Technology Institute (MTI) approved seven new grant applications in August, two of them to companies with ties to the University of Maine. According to an MTI news release, Sea & Reef Aquaculture based at UMaine’s Center Cooperative Aquaculture Research (CCAR) in Franklin, was awarded a $9,140 Business Accelerator Grant; and Alba-Technic, based in […]

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Media report on new Maine forest products industry study

Mainebiz and Maine Public reported on a new Maine forest products industry study conducted by Mindy Crandall, an assistant professor of forest landscape management and economics at the University of Maine. The report, which was presented at the Maine Forest Products Council’s annual meeting, shows the industry’s overall economic impact dropped by about $1 billion […]

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Community: From the ground up

Read transcript The University of Maine’s potato breeding program, conducted in collaboration with the Maine Potato Board, is committed to cultivating new varieties of spuds — a process that takes more than a decade and involves the expertise of growers, entomologists, food scientists, agronomists and geneticists. Follow professor Gregory Porter to the University of Maine […]

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Olivia Conrad

Olivia Conrad: An internship scoop at Gelato Fiasco

This summer, Olivia Conrad, a fourth-year student from Yarmouth, Maine, majoring in food science and human nutrition, landed a sweet internship at one of Maine’s premier gelato companies. Conrad was the food safety intern at the Gelato Fiasco Flavor Foundry in Brunswick, Maine, where pints are produced, packed and shipped nationwide. She assisted the company […]

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BDN interviews Trostel about trade pact’s potential economic impact on Maine

The Bangor Daily News reported the Trans-Pacific Partnership, a proposed trade pact between the U.S. and 11 Pacific Rim nations that would create the world’s largest free-trade zone, would have a small but mostly beneficial impact on Maine. According to a draft analysis from the Margaret Chase Smith Policy Center at the University of Maine, […]

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Media report on new economic impact study of Maine’s logging industry

Mainebiz, WABI (Channel 5) and WVII (Channel 7) reported on a new study released by the Professional Logging Contractors of Maine that shows Maine’s logging industry contributed an estimated $882 million to the state’s economy in 2014. The study, conducted with the University of Maine and Farm Credit East, revealed logging supported more than 7,300 […]

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New study shows impact of out-of-state students on the Maine economy

A new study about the University of Maine’s out-of-state undergraduate students found that their activities generate a statewide annual economic impact of an estimated $160 million, according to UMaine Professor of Economics Todd Gabe. In addition to the annual economic contribution — including multiplier effects — in spending, Gabe found UMaine’s out-of-state undergraduate students fill […]

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Aquaculture firm working with UMaine awarded federal grant, AP reports

The Associated Press reported an Augusta firm that manufactures aquaculture pens will receive about $100,000 from the federal government. The U.S. Department of Agriculture is giving InnovaSea Systems a Small Business Innovation Research grant to research whether its pens can be made using a strong and stiff composite lumber, as opposed to high-density polyethylene plastic, […]

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