Category Archives: Uncategorized

Maine-Iceland Relations

Maine has an increasingly close relationship with Iceland on many fronts: academic, economic and cultural. We’ll learn about some of the collaborations and initiatives happening with our neighbor across the Atlantic.

Guests:

Dana Eidsness, Director, MENADO at Maine International Trade Center
Glenn Cummings, president, University of Southern Maine
Ben Ford, counsel, Verrill Dana
Larus Isfeld, managing director at Eimskip USA Inc.
Tracy Michaud Stutzman, Ph.D. , professor and chair of the Tourism and Hospitality program, University of Southern Maine
Barry Costa Pierce, Chair, Department of Marine Sciences; Director, Center for Excellence in the Marine Sciences, University of New England

Listen to Maine Calling show on Maine Public

LePage in Finland on forest products trade mission

Gov. Paul LePage is in Finland this week as part of a Maine trade mission focused on the forest products industry.

According to LePage’s communications office, the governor is participating in a trip organized by the Maine International Trade Center along with George Gervais, commissioner of the Maine Department of Economic and Community Development. On Monday, LePage met with members of the Finnish Forest Industries Federation in Helsinki and planned to meet Tuesday with executives of several pulp and paper companies.

Read full article on Portland Press Herald

MITC hosting international trade event in Bangor

Maine International Trade Center will host Trade Day 2017, “Charting a Course in the Changing EU,” on Thursday, May 25, from noon to 6 p.m. at the Cross Insurance Center in Bangor.

After 25 years of expansion and relative stability, the European Union is going through seismic changes. The EU’s single market of 510 million people has grown to be the second largest economy in the world worth $16 trillion. But the Greek debt crisis, followed by Brexit, have strained relations among the member states.

In 2016, Maine exports to the EU totaled $503 million, and Europe remained a dominant player, accounting for four of Maine’s top 10 overseas markets. While the current uncertainty puts some long-standing transatlantic business relationships at risk, there will also be new opportunities.

At Trade Day 2017, a panel of experts will discuss how economic and political changes in the EU will impact Maine businesses in the short-term, as well as long-term trends to guide future strategy.

Read full article on Mainebiz

Bisaillon-Cary stepping down as head of Maine International Trade Center

Gov. Paul R. LePage and Maine International Trade Center Board of Directors announced today the departure of Janine Bisaillon-Cary state director of international trade and the appointment of Wade Merritt as her successor.

Bisaillon-Cary has served as president of Maine International Trade Center for the past 11 years and as vice president of the trade center from 2000-2006.

Merritt joined MITC as an international trade specialist in 1997 after a brief tenure with the U.S. Commercial Service. He was promoted to the position of vice president since 2006, following six years as director of MITC’s regional office in Bangor.

“Janine has been a tireless leader in her efforts to champion Maine exports and attract international businesses to Maine,” LePage said in a news release. “We are sorry to see Janine go, and we wish her all the best in this exciting next chapter in her career. Janine took the lead on trade missions to Europe, Latin America and Asia over the last six years. I am confident the Trade Center is well positioned for continued success in the future.”

Read full article on Mainebiz

Elite Airways announces Portland flights to Halifax

Elite Airways is putting the “international” back in the Portland International Jetport.

The Portland-based airline announced Wednesday that it will launch a Portland-to-Halifax, Nova Scotia, route starting June 30.

The new route will operate Fridays, Sundays and Wednesdays with fares starting at $169 each way, according to a statement from the airline.

“Halifax and Portland are both very popular destinations, and we designed this route to be convenient for business and leisure travelers who prefer a one-hour nonstop flight rather than to connect through other airports, take a long ferry ride or a 13-hour drive,” said John Pearsall, president of Elite Airways, in the release. “We plan to further expand this route in the fall so that passengers from Halifax can connect to other Florida destinations in Portland on Elite Airways.”

Read full article on Portland Press Herald

Maine innovators helping export growth

There is some good economic news to celebrate regarding Maine exports. Maine’s Economic Growth Council is reporting Maine’s international exports grew 5 percent over the past year, while U.S. exports dropped 3 percent nationwide. It’s a positive trend that innovators are hoping to take advantage of in their efforts to expand and export their products to the international markets.

Watch story on WCSH6

Six Maine companies with export focus win slots at annual trade exposition

Companies that make products as diverse as swim fins for amputees to harness systems for pipe installations have been selected to represent the state’s export community at an annual trade exposition later this month.

The Maine International Trade Center, which will host Trade Day on May 25 in Bangor, introduced six local businesses in a showcase to increase the visibility of companies involved in exporting their goods. The companies range from long-standing manufacturers to new startups, and were selected out of 14 applicants by a jury, said MITC President Janine Bisaillon-Cary. Criteria for winning included having a new product with export potential and preparing for international sales, she said.

Read full article on Portland Press Herald

Annual report shows exports a bright spot in Maine’s economy

Maine’s export growth outperforms the nation’s, a positive sign for the state’s economy, which otherwise lags behind the U.S. and the rest of New England.

Exports were one of the few bright spots highlighted in Measures of Growth 2017, the annual report released Tuesday by the Maine Development Foundation and Maine Economic Growth Council. The report assigns grades to 26 economic indicators that range from unemployment rates to fourth-grade reading scores and the quality of Maine’s air and water. Each indicator has a benchmark and an analysis of the state’s performance.

Among the business indicators, Maine seems to be making progress on unemployment and wages, in addition to exports. But it still faces significant challenges in areas such as research and development, transportation infrastructure and gross domestic product.

Read full article on Portland Press Herald

Maine excels in exports, falls short in education

We learned more Tuesday on how our state stacks up against the rest of the country.

The Maine Economic Growth Council presented its yearly report Tuesday.

The good news is Maine received exceptional performance in international exports, as well as air and water quality, but we fell short in reading scores, post-secondary education and transportation infrastructure.

Watch on WGME

 

MITC exporter awards include specialty rope maker, UMaine composites group

Yale Cordage, a Saco-based manufacturer of high-performance synthetic ropes, was among the winners of the 2017 International Trade and Investment Awards.

The awards were announced today by the Maine International Trade Center and will be presented during its annual Maine International Trade Day on May 25 at the Cross Insurance Center in Bangor.

MITC said the winners all made a commitment to growing their business in Europe. Maine saw a 20% increase in exports to the EU in 2016. Now, Brexit is changing the landscape in the EU, providing both challenges and new opportunities for Maine companies, MITC said.

Yale Cordage won in the “Exporter of the Year” category. It exports its ropes, which are used from deep undersea to outer space, to 30 countries, with a significant portion to EU countries, according to MITC.

“The change in the Euro value to the U.S. dollar is an area to watch, and the effects of Brexit are of particular interest. Our historical export business to the UK has been very strong, and we are very concerned about currency changes between the USD, Euro and GB pound,” Yale Cordage President William Putnam said in a statement.

Read full article on Mainebiz