PORTLAND PRESS HERALD • August 31, 2020
The Maine Technology Institute has approved 10 grants totaling nearly $2.2 million for state businesses trying to drive innovation and gain market share. The money originated with the $45 million Maine Technology Asset Fund, approved by voters in 2017, and became available when a Montana manufacturer of cross-laminated timber failed to expand to Maine, thus forfeiting its MTI grant. Funded projects include those in Maine’s traditional industries of agriculture, forest products and boat-building, as well as those in aquaculture and precision manufacturing.