Company plans biorefinery for zero-emission heating oil in Maine

(From Portland Press Herald) Biofine Developments Northeast Inc. of Bangor has formed a partnership with New Hampshire-based wholesale energy supplier Sprague Resources LP to help produce and market a patented biofuel. Independent testing indicates EL100 gives off zero greenhouse gas emissions. The company was awarded a $750,000 grant from MTI to support commercial development. Read more »

Skin care startup looks to a familiar Maine source for ingredient — lobster

(From Mainebiz) Marin Skincare is a startup which uses protein derived from lobster to create soothing skin cream. The company launched the product in early October, selling dozens of tubes during the first two weeks. As part of their funding, Marin Skincare received a $25,000 grant from MTI. The company aims to introduce new products to complete a 'line' of products. Read more »

2,300 small businesses, nonprofits to receive $105M in Maine COVID relief

(From Mainebiz) A total of $105 million in emergency funds is being distributed to 2,072 Maine small businesses and 257 nonprofits, during phase one of the state's Economic Recovery Grant Program. The program provides some financial relief for organizations that incurred business disruptions as a result of the pandemic. Phase two of the program increases the number of eligible organizations. Read more »

1st round of stimulus grants to Maine small businesses to be awarded Friday

(From Bangor Daily News) As part of the federal CARES Act Fund, some 2,000 Maine small businesses and nonprofits that experienced coronavirus-related business losses will hear whether they will receive a federal stimulus grant as early as October 9. The economic development department has partnered with MTI and other organizations to help review applications for the second round of grants. Read more »

Mainely Succulents wins Bangor Big Gig pitch-off

(From Mainebiz) Lauren Tuell, owner of Orono-based Mainely Succulents, won $5,000 in the Bangor Big Gig pitch final competition. Mainely Succulents partners with businesses and other organizations on workshops and education, as well as sells plants and related products. Big Gig is sponsored in part by MTI. Read more »

Maine gets $2 million to help advance offshore wind power

(From Portland Press Herald) The Governor’s Energy Office is receiving more than $2.1 million from the U.S. Department of Commerce’s Economic Development Administration to advance an economic roadmap aimed at creating jobs and growing talent in Maine, with a focus on floating technology. The grant will be matched with $267,624 in state funds and $112,457 in local funds, including funding from MTI and in-kind contributions from the University of Maine. Read more »

$2.2M in USDA funds awarded to help grow 11 Maine small businesses

(From Mainebiz) Eleven Maine agribusinesses and farms will receive a total of $2.2 million in federal funding to help them grow their capacities and expand into new markets. The Value-Added Producer Grants from the U.S. Department of Agriculture’s Rural Development Program will help the businesses enter into value-added activities related to processing and marketing of new agricultural products. Read more »