Wex, one of Maine’s largest tech firms, reported a drop in revenue and profits for the year, which it attributed largely to the coronavirus pandemic.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, Maine
More than 7,600 Maine employers approved for new pandemic aid
About $553 million in forgivable loans has been approved for Maine businesses under the Paycheck Protection Program’s current phase.
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Posted inBusiness, Maine
State regulator launches probe into future of Maine’s electric grid
The investigation comes after controversy over Central Maine Power’s estimated costs for connecting solar energy farms to the grid.
Posted inBusiness, Maine
MaineHealth receives $12.8 million grant for rural health care research
It will use the funds, from the National Institutes of Health, to study ways to reduce the disparity in health care quality between urban and rural areas of the state.
Posted inBusiness, Maine
New jobless claims continue to decline in Maine
About 2,700 Mainers filed or reopened a claim for state benefits in the second week of February, down from 2,800 a week earlier.
Posted inBusiness, Maine
Maine jobless claims dip slightly but remain high
The state received about 2,700 new or reopened claims for unemployment benefits last week, down slightly from 2,800 the week before.
Posted inBusiness, Maine
Maine’s jobless rate holds steady at 5% in December
Still, labor economists say many unemployed residents are being misclassified, and that the state’s true jobless rate is likely above 10%.
Posted inBusiness, Maine
Maine signs wind-focused clean energy accord with United Kingdom
The agreement is focused primarily on information exchange and does not involve any joint development projects or other capital investments.
Posted inBusiness, Maine
Portland’s ImmuCell boosts sales by 25% in third quarter
The animal health company still reported a net loss for the quarter as product development expenses remained high.
Posted inBusiness, Maine
Opponents of CMP corridor ask judge to prevent construction
The Appalachian Mountain Club, the Natural Resources Council of Maine and Sierra Club Maine have filed a motion for a preliminary injunction to prevent work from starting on the corridor in December.