Business & Development

Reflecting the hard winter and the slow arrival of spring, the Eastport Port Authority board adjusted its 2014 financial projections downward, at its April 22 meeting.

A change in technology for producing the wood pellets at the facility planned by Thermogen Industries in Eastport will not affect the company's interest in the project. Scott Tranchemontagne says, "Our commitment to Eastport remains as strong as ever.

Baileyville's Woodland Pulp mill will have from 60 to 80 new employees by the end of the first quarter of 2016 because of a planned expansion by owner International Grand Investment Corp (IGIC). Currently the mill employs a little over 300 people.

The pending sale of the Trescott-based Cobscook Bay Company's intellectual and equipment assets to Craig's All Natural of New Hampshire for the sum of $10,000 was not the news the Washington County commissioners hoped to hear from Sunrise County Economic Council (SCEC) Executive Director...

Having been turned down for over 20 years, the Passamaquoddy Tribe once again is rolling the dice for a gaming facility, this time for slot machines and high-stakes beano in Calais. The tribe's latest effort is only one among several gaming proposals that the legislature is now considering.

If all goes as planned, the former Wass factory building located at 11 Madison Street near Eastport's downtown will be up and running sometime this summer as a seafood processing facility that is expected in time to employ 15 people.