Business and Economy

Business news

Mark Vogelzang / MPBN

PORTLAND, Maine - A senior government official from the Canadian province of Nova Scotia has described a meeting with Maine Gov. Paul LePage as "extremely positive." Transportation minister Geoff MacLellan led a delegation from Nova Scotia for a meeting with state and local officials Thursday to discuss support for the Nova Star ferry service.

EAST MILLINOCKET, Maine — East Millinocket has a new wastewater plant after spending a dollar to buy one that once belonged to a former paper mill.

WCSH-TV reports that the town bought the plant attached to the former Great Northern paper mill and must now pay to operate and maintain a significantly larger waste water plant.

It also plans to build a new facility on the site.

Courtesy the Inn at Diamond Cover

GREAT DIAMOND ISLAND, Maine - Members of the media and others, including Gov. Paul LePage, got a sneak preview of the new Inn at Diamond Cove.

The $12 million hotel project features redevelopment of the largest remaining structure within the Fort McKinley Historic District on Great Diamond Island, which is part of Portland.

PORTLAND, Maine - Hannaford Supermarket's parent company Delhaize, based in Belgium, and Stop and Shop's owner, Ahold, based in the Netherlands, have announced that they intend to merge.

The companies say that the merger will create what they call a complementary base of more than 6,500 stores with 375,000 associates able to serve more than 50 million customers per week in the U.S. and Europe.

In addition to Hannaford, Delhaize owns the Food Lion grocery chain in the U.S. Royal Ahold owns the Stop&Shop and Giant food chains.

BAR HARBOR, Maine - A College of the Atlantic program that helps students set up sustainable business ventures and receive college credit is getting a $1.5 million grant from a foundation honoring a former Mount Desert Island summer resident.

The grant from the Diana Davis Spencer Foundation will provide the program - called "The Hatchery" - with money for support staff, and seed funding for startups.