The $2 billion program is welcome as the industry slowly recovers from the pandemic, but some owners say it may not be enough.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, The Buzz
New VIP Tires & Services coming to Center Street in Auburn
• An Auburn solar investment kicks off
• Maine’s favorite pizza? You’re never going to guess.
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Posted inBusiness
Amazon Prime day deals expected to disappoint amid cost crunch
It’s estimated that in the U.S, online spending will hit about $12.2 billion during the two-day sale.
Posted inBusiness
Controversial St. Croix refinery shuts indefinitely given ‘extreme financial constraints’
Facing massive unpaid bills, Limetree Bay Refining announces Monday it will remain shuttered.
Posted inBusiness, Maine, News
Plastic bag ban, delayed by pandemic, goes into effect July 1
Starting next week, most Maine retailers will no longer be allowed to bag customers’ purchases in plastic.
Posted inBusiness, Maine
Value of Maine’s baby eels ends the season on a high note
The fishery is one of the most valuable in the country on a per-pound basis, but was badly hurt by the pandemic.
Posted inBusiness, Maine, News
Massive concrete component arrives for $158 million upgrade at Kittery shipyard
Similar to a navigational lock, the basin will allow the seawater level to be raised and lowered, enabling the Navy’s nuclear-powered submarines to enter the dry dock regardless of the tide.
Posted inBusiness, Maine
As U.S. restrictions ease, Maine’s multinational firms still grapple with global pandemic conditions
Maine companies that conduct operations around the world have confronted COVID-19 outbreaks in international offices, debilitating travel restrictions and differing reopening timelines.
Posted inBusiness, Nation / World
A robot ship’s aborted effort to cross Atlantic shows difficulty of the experiment
With no captain or crew aboard, the AI Captain uses radar to peer into the horizon, artificial intelligence to understand what’s around it and solar panels to power the journey.
Posted inBusiness, News, Oxford Hills
Expansion at Maine Machine Products expected to add five jobs
The plan will be presented to the Paris Planning Board on Wednesday.