Once the project is completed, the tax increment financing district would provide an estimated $1.42 million annually for economic development staff and programs.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Local & State, New England, News, Politics
Maine’s maple syrup industry could get boost from federal legislation
Sens. Collins and King are supporting the MAPLE and SAP acts to promote U.S. maple syrup producers.
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Posted inArts & Entertainment, Business, Lewiston-Auburn, Local & State
Auburn native wins Grammy for engineering Beyonce’s album
Colin Leonard, son of Auburn Manufacturing exec Kathie Leonard, is the master engineer Album of the Year, ‘Cowboy Carter.’
Posted inBusiness, Local & State, News
Maine approves rules to restrict utilities’ lobbying, prevent costs from being passed to customers
The new regulations are based on a 2023 law requiring greater transparency by utilities, spurred by multimillion-dollar campaigns both in favor of and against a power line project that was on voters’ ballots.
Posted inBusiness, Local & State, Politics
Maine members of Congress pushing to eliminate trade penalty on PFAS-free outerwear
Because of a loophole, water-resistant clothing made with harmful ‘forever chemicals’ qualifies for a lower import tax. New legislation seeks to change that.
Posted inBusiness, Local & State, Nation / World, News
Lobster regulators repeal minimum size increase after years of backlash in Maine
The vote relieves the pressure of an impending deadline to comply with the law by this summer. Now, the lobster industry must find a different solution to protect declining populations.
Posted inBusiness, Local & State
Record Store Day creator Chris Brown leaving Bull Moose music chain
Brown, who helped create Record Store Day and is known for his music business insights, has been with the company for 31 years.
Posted inBusiness, Local & State, News
Maine benefited from $2.2B in US clean energy spending and incentives
A report by the Natural Resources Council of Maine is looking to provide information before President Trump and congressional Republicans move to end Biden-era federal spending on clean energy.
Posted inBusiness, Local & State, News
More Mainers are leaning on state help to pay for burials, cremations
Funeral directors say they are seeing more situations where General Assistance is needed to pay for a burial or cremation, but the amount paid by the program doesn’t completely cover expenses.
Posted inBusiness, Nation / World, News, Politics
Trump agrees to pause tariffs on Canada and Mexico after they pledge to boost border enforcement
The tariffs against Canada and China were still slated to go into effect Tuesday, but uncertainty remained about the durability of any deals and whether the tariffs were a harbinger of a broader trade war.