Arctaris Impact Fund finalizes a $6.5 million deal for the Rangeley-area ski resort, which has been closed since 2015.
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Posted inBusiness, Local & State, News
Verso, investors reach agreement on sale of Jay mill
The paper company and a shareholder group have agreed to move ahead with a $400 million deal to sell the company’s mills in Maine and Wisconsin.
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Posted inBusiness
The Wrap: Izzy’s closes, The Knotted Apron opens
And look for a soft opening of the new steak-and-oyster restaurant in Brunswick this weekend.
Posted inBusiness, Lewiston-Auburn
Chamber announces new Charles Morrison Legacy Fund, $150,000 matching grant
The announcement followed an evening of honors at the Lewiston Auburn Metropolitan Chamber of Commerce’s annual awards dinner.
Posted inBusiness, Local & State, News
Bill pending in Maine to make producers pay for disposal of packaging
Maine is drafting a first-in-the-nation law to shift the cost of disposing of packaging materials from consumers to private companies.
Posted inBusiness, Local & State, News
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.
Posted inBusiness, Local & State
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.
Posted inBusiness, Lewiston-Auburn, News
Auburn’s sports tourism effort shows signs of growth
Ice use at Norway Savings Bank Arena is up 5% from last year, and the city announced a new event this week.
Posted inBusiness, Local & State, News, Politics
Maine towns, businesses face potential 40% increase on wastewater fees
Maine environmental officials say the fee hike is needed to make up for a funding shortfall that is affecting enforcement of water quality laws.
Posted inBusiness, Local & State, News
New year brings raise for minimum-wage workers, in final phase of voter-approved plan
Maine’s minimum wage has risen from $7.50 to $12 an hour since voters approved the increases in 2016. Supporters say it has helped low-income workers, but critics say it has hurt small businesses.