Elmet Technologies expansion comes with statewide recognition

(From centralmaine.com) Lewiston-headquartered, Elmet Technologies, was a recipient of the 2023 Governor's Award for Business Excellence, in recognition of the company's contributions to Maine. Elmet has become the largest U.S.-owned and -based producer of tungsten and molybdenum materials and products, with over 400 employees across three facilities in Maine, Ohio and Michigan. Since 2015, MTI has made several vital awards to Elmet to help grow its R&D capacity, and preserve and grow its employment base and economic impact in Maine. Read more »

Wood fiber insulation company TimberHP to expand production and staff in Maine

(From Maine Public) TimberHP, the first company in North America to offer wood fiber insulation, is expanding. The company operates at the former Madison paper mill and has plans to hire more than 140 staff for full production. By producing a sustainable product, TimberHP aims to support Maine's forestry industry. MTI has been an important funding source for the company. Read more »

Gov. Mills honors 4 Maine businesses for excellence

(From Portland Press Herald) Four extraordinary Maine businesses were honored with the 2023 Governor’s Awards for Business Excellence. Awards went to Elmet Technologies in Lewiston, Compotech Inc. in Brewer, Main Eco Homes in Bridgton, and TimberHP in Madison for outstanding commitment to their communities and employees. Three of the recognized businesses are MTI portfolio companies! Read more »

From outdoor rec to cleantech: 12 startups named to Waterville accelerator

(From Mainebiz) The 12 startups named to the next cohort of the Dirigo Labs business accelerator represent a wide range of industries. The accelerator program includes personalized mentorship and workshops focused on state and municipal incentives, public-private sector grants, intellectual property and capital strategy. MTI is a supporter of Dirigo Labs. Congratulations all! Read more »

Betting on broccoli to boost Maine’s farming economy and food availability

(From Portland Press Herald) Harvesting Good, a new, out-of-the-box company whose stock is owned by parent company, Good Shepherd, made a huge investment in Maine's economy that resurrected a 5th generation Maine farm and processing plant. Harvesting Good aims to help address food insecurity. Last year, MTI provided the Yarmouth-based company with funding through its PRIME Ecosystem program. Read more »