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Business
Maine wants to ‘put the brakes on’ fast-growing lobster bait fishery
The Department of Marine Resources wants to close the pogy fishery to newcomers for 2 years while it crafts a new management and enforcement plan.
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Business
Bill pending in Maine to make producers pay for packaging disposal
Maine is drafting a first-in-the nation law to shift the cost of packaging materials disposal from consumers to private companies.
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Business
Maine housing market breaks multiple records in 2019
Sales of single-family homes surged by 23 percent in December over last year, boosting both sales volume and median sales price to new highs in 2019.
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Questions? Contact Business Writer Kathryn Skelton at 689-2844 or at [email protected].
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Lewiston-Auburn
Three decades late, Small Business Administration eyes help for rural Maine
Federal bureaucrats never established the Office of Rural Affairs when it was mandated in 1990, but after a California representative took action to get it going, financial assistance for business development in states like Maine may finally get off the ground.
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The Buzz
New investment planned for Lisbon Street’s Professional Building
Short- and long-range plans are being drawn up now to replace windows and the roof, build a more efficient elevator and improve the facade.
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Business
Maine regulators vote to investigate CMP’s winter disconnect notices
Since November, Central Maine Power Co. has delivered roughly 1,000 of the notices to customers warning that their power will be shut off unless they pay past-due bills.
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The Buzz
New Aroma Joe’s for Sabattus Street, new investment for Lisbon Street
• What state has the cheapest car insurance in the country? (Hint: There's lots and lots of pine trees) • What's forecast for the L-A real estate market in 2020? • What's planned for Lisbon Street's Professional Building?
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Business
Hannaford gets perfect score on index of corporate LGBTQ policies
The Scarborough-based supermarket was the only large employer based in Maine to score 100% on the Human Rights Campaign index.
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Business
Over a half-million guests stayed at Maine Airbnb rentals in 2019
Guests and revenue from the home-sharing service have tripled in the past 4 years.
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Business
Bill seeks to bar large retailers from using the ‘dark store loophole’ in property tax battles
The bill, expected to appear before the Legislature’s Taxation Committee on Tuesday, would require that retail sales facilities more than 20,000 square feet be valued based on current use, or, if vacant, according to their highest and best use.
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Business
Verso urges shareholders to approve sale of 2 mills, including 1 in Maine
The company has been in a dispute with 2 dissident shareholders, private equity firms Atlas Holdings and Blue Wolf Capital Partners, which oppose the sale of the mills and back their own slate of directors for Verso's board.
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Business
Trump thanks farmers for backing him through trade war
The preliminary deal commits Beijing to increasing its imports of U.S. manufacturing, energy and farm goods by $200 billion this year and next.
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Business
Sappi Somerset Mill in Skowhegan receives new food safety certification
The certification allows the company to make food packaging containers, keeping it ahead of competitors.
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Maine
Lawsuit alleges Fairfield auctioneer James D. Julia breached contract
James D. Julia, a former Fairfield auction house owner, denies allegations from a Pennsylvania company that bought his business for $7.2 million that Julia breached the contract by referring business to his sister's auction company in violation of the agreement.
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Despite proposed cuts, Pingree ‘confident’ Bath shipyard will fulfill contracts
Department of Defense recommended slashing the number of Arleigh Burke-class destroyers built for the Navy between 2021 and 2025 from 12 ships to seven.
