Economists say Maine is likely to fare similarly to the rest of the country, or perhaps marginally better, during a possible economic downturn.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine, News
Gulf of Maine scallop fishery closes midseason for first time in 16 years
Federal regulators have yet to approve the annual quota for scallopers in the Northern Gulf of Maine, so a much smaller limit is temporarily in place.
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Posted inBusiness, Maine, News
Maine’s high court upholds Kingfish aquaculture permit for Jonesport
The project was first brought to the community in 2019 and has faced strong opposition from environmental groups in the years since.
Posted inBusiness, Maine, News
Suit accuses Camden National Bank of selling customer data to Meta, Google
The class-action lawsuit says the bank tracks and sells sensitive financial and personal information to improve marketing campaigns and data analytics.
Posted inBusiness, Franklin, Livermore Falls Advertiser, Maine, News
As Jay mill comes down for engineered wood plant, tariffs on imports an unknown factor
John Godfrey, owner of Godfrey Wood Products, has received permits to build the facility at the former site of the Androscoggin Mill on Riley Road but is concerned about what tariffs will do to the cost.
Posted inBusiness, Food
Elevation Burger closes all three Maine locations
The national chain has struggled financially in recent years.
Posted inBusiness, Maine, News
Tariffs force Maine businesses, municipalities into an uncertain future
President Donald Trump’s unpredictable shifts in tariff policies threaten to drive up costs for consumers and taxpayers.
Posted inBusiness, Lewiston-Auburn, News, The Buzz
Lewiston’s Splittin’ Wood Axe Throwing hits mark with new location
The popular entertainment venue is in a new spot in the Lewiston Mall.
Posted inBusiness, Lewiston-Auburn, News, The Buzz
Sonder Lounge opens in downtown Lewiston
The lounge, from the owners of Sonder & Dram, is in the former bon Vivant space at 133 Lisbon St.
Posted inNoteworthy
Franklin Savings promotes two in Rumford
RUMFORD – Franklin Savings Bank promoted two employees at its Rumford branch to vice president positions. Leanne Gagne is vice president, loan officer, and Jennifer Merrill is vice president, commercial loan officer. Gagne has been with Franklin Savings Bank for 36 years, starting her career as a receptionist. Over the years, she has built a […]