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Biz Bites: Portland's latest residential stats, Maliseet housing development on tap


Anyone who isn t aware of the up up up price trend in Maine residential real estate over the past year is living in a (probabably very expensive) cave. And, in Portland, that s a trend on steroids.
The median price of a single-family home in Portland jumped from $460,000 in February to $514,500 in March, according to the monthly stats put out by
Benchmark Real Estate. Those listing a home can expect it to spend a zippy six days on the market.
Multifamily Portland prices had a similar hike from February, with the median price of $667,500 is up from $612,500. Multifamilies spend about eight days on the market. The state median is $268,500. ....

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Downeast Innovation Fund awards $95,000 in grants - The Ellsworth American


Downeast Innovation Fund awards $95,000 in grants
ELLSWORTH The Maine Community Foundation’s Downeast Innovation Fund has awarded $95,000 in grants to 11 nonprofits located in or serving Hancock and Washington counties.
Launched in 2018, the Downeast Innovation Fund Grant program supports nonprofit organizations that provide programs to improve or increase entrepreneurship and innovation in business and the local economies in Hancock and Washington counties.
The 2020 grantees include:
City of Ellsworth, to enhance targeted programming and technical infrastructure aimed at graduating existing start-up companies, while attracting new, quality companies to the Union River Center for Innovation.
Four Directions Development Corp., Orono, to establish a new Native small business Procurement Technical Assistance Center (PTAC) serving Washington County and the Wabanaki tribes of Maine. ....

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