Severe economic effects of the coronavirus pandemic could linger for years, based on a recent ‘stress test’ conducted by state analysts.
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Posted inBusiness, Maine
Continuing jobless claims decline further in Maine
Even as the number of Mainers seeking continued weekly jobless aid falls, thousands more people are filing new claims for benefits.
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Posted inBusiness, Maine
Cumberland County launches forgivable loan program for small businesses
Businesses with 25 or fewer employees can access forgivable loans of up to $10,000 to retain or hire workers, and very small companies can access $5,000 to fund operations.
Posted inBusiness, Maine
Spectrum owes over $142,000 to southern Maine towns, audit alleges
The cable internet and TV provider underpaid fees to 9 Cumberland County towns in 2017 and 2018, according to an audit commissioned by the municipalities.
Posted inBusiness, Maine
Maine home prices up 17% as sales to out-of-state buyers increase
Tight inventory and historically low interest rates continued to push Maine home prices upward in August.
Posted inBusiness, Maine
Maine emergency grant program extended to more businesses
Companies with up to 250 workers are among those now eligible for $95 million in grants to sustain local economies through the downturn.
Posted inBusiness, Maine
Solar wins big in project selection to advance Maine’s clean energy goals
The Maine Public Utilities Commission approved contracts Tuesday for 17 renewable power projects as part of the state’s effort to reduce fossil fuel consumption and advance climate goals.
Posted inBusiness, Maine
Closing time drags on indefinitely for many Maine bars
Bars with kitchens are operating and have been able to survive by spilling into outside space adjacent to their businesses. The coming cold weather may limit that option.
Posted inBusiness, Maine
Unum lays off 30 workers in Portland as part of larger restructuring
The insurer said it is laying off 120 workers across the company’s U.S. operations as it adapts to a shifting insurance market.
Posted inBusiness, Maine
Opponents of CMP corridor launch second referendum effort
Foes of the project, which would carry hydroelectric power from Quebec to Lewiston, are targeting the Legislature this time instead of regulators.