A prolonged worker shortage is holding back the state economy, according the Maine Economic Growth Council and Maine Development Foundation.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, News
CMP customers will pay slightly less for electricity next year. It might not last.
Natural gas prices that play a big role in electricity generation in New England have settled, giving ratepayers a modest break in their monthly bills.
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Posted inBusiness, Food, News
The Wrap: Roast beef shop opens in Portland; Brunswick ‘hobbit-core’ restaurant delayed
Also, Second Rodeo coffee opens in South Portland, a new Italian-Mediterranean restaurant for North Yarmouth and more local food news.
Posted inBusiness, Nation / World
DEA faces legal challenge as uncertainty clouds plan to reclassify marijuana
The reclassification effort is far from a done deal and the politics are messy: Trump and his controversial pick for attorney general have signaled support for reclassifying marijuana, breaking with establishment Republican leaders.
Posted inBusiness, Lewiston-Auburn, Maine
Shoreland restoration work progresses on two lakefront properties on Sebago Lake
“I think when people drive by it in a boat they’re going to be pleased,” said Raymond Code Enforcement Officer Chris Hanson.
Posted inBusiness, Nation / World, News, Politics
Trump chooses TV doctor Mehmet Oz to lead Centers for Medicare and Medicaid Services
Earlier Tuesday, the president-elect also tapped Wall Street executive and campaign adviser Howard Lutnick to lead the Commerce Department.
Posted inBusiness, Maine, News, Schools & Education
Belfast church suing University of Maine System over rescinded bid to purchase Hutchinson Center
The University of Maine had chosen to sell its former Belfast campus to Calvary Chapel Belfast in August, but rescinded the offer after complaints from the community about the bidding process.
Posted inBusiness, Maine, News
Maine sees 9% drop in tourists compared to last summer
While the number of visitors declined, the per-person spending increased.
Posted inBusiness, Food, Maine, New England
Report finds that America is catching and eating a little less fish
America ate a little bit less seafood in 2022, as per capita consumption fell about 3% to 19.8 pounds in 2022, according to the National Oceanic and Atmospheric Administration’s ‘Fisheries of the United States’ report.
Posted inBusiness, Nation / World
The Associated Press to cut 8% of its workforce, accelerate digital-first news
The AP said less than half of the anticipated cuts would involve its news employees, with the bulk happening within the United States.