As many as 87,000 Mainers will be out of work by the end of June because of coronavirus, one economic policy group estimates.
Maine business
Posted inBusiness, Maine
Frosty’s permanently closes Gardiner, Freeport locations
Company owners Nels and Shelby Omdal say they are making this move now to preserve their company in the long run.
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Posted inBusiness, Maine, News
Maine unemployment claims skyrocket to record 21,500 in 1 week
Nationally, almost 3.3 million workers filed for unemployment last week, the highest single-week total on record, as disruption from the coronavirus pandemic shook the U.S. economy.
Posted inBusiness, Maine, News
Maine company envisions using lobster blood in new drugs
Lobster Unlimited of Orono is investigating whether the crustacean’s circulatory fluid can be a potential weapon against viruses and cancer.
Posted inBusiness, Maine, News
L.L. Bean wades into New York Fashion Week with clothing ‘inspired by the outdoors’
For the first time in its 108-year history, the Freeport retailer had a collection shown on a fashion runway in New York Wednesday. The clothes will be on sale in the fall.
Posted inBusiness, Maine, News
Saddleback buyer gets final piece of financing package
The Finance Authority of Maine board unanimously approved $2.5 million in loan insurance on a $12.5 million loan, along with a $1 million direct loan.
Posted inBusiness, Maine, Uncategorized
Fast-growing Wex to acquire two companies in $1.7 billion deal
The acquisition would enhance Wex’s payment processing position in the global travel industry.
Posted inBusiness, Maine
Sappi Somerset Mill in Skowhegan receives new food safety certification
The certification means the company meets a Food Safety Management Standard that applies to all products produced at the paper mill after its rebuild of its Paper Machine 1.
Posted inBusiness, Maine, News
Fishermen hope Mainers get hooked on ugly – but delicious – monkfish
The underappreciated species is highlighted in a food demonstration next month, part of a series to interest local seafood lovers in Maine’s diverse catch.
Posted inBusiness, Maine, News
Judge temporarily blocks Maine’s new à la carte cable TV law
The preliminary injunction means towns and cities can’t enforce a new law requiring cable companies to offer pricing for individual channels.