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PublishedNovember 20, 2024
To improve economy, Maine must address struggling youth and high cost of living, report finds
A prolonged worker shortage is holding back the state economy, according the Maine Economic Growth Council and Maine Development Foundation.
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PublishedJune 18, 2024
Solar eclipse in April boosted spending across Maine. Here are the numbers
Towns in the path of totality, where the moon fully blocked the sun, experienced double-digit increases in visitation.
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PublishedMay 15, 2024
Moody’s upgrades Maine’s credit rating to second-highest
The credit rating agency cites the state's 'sustained financial improvements including a large increase in reserves and solid pension contributions practices.'
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PublishedApril 26, 2024
Maine made progress in wages and productivity, but still faces shrinking labor force
A report released Friday by the Maine Department of Economic and Community Development says the state has hit some of its 2030 targets but has fallen short of 'where we need to be.'
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PublishedAugust 28, 2023
Housing, cost of living top of mind for Mainers in UNH poll
Hot-button issues like abortion and gun control have taken a back seat to the economic concerns that affect respondents' lives on a daily basis.
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PublishedDecember 8, 2022
Report: Out-of-state recruiting helps BIW drive Maine economy
An analysis from University of Southern Maine’s Center for Business and Economic Research found Bath Iron Works supported more than $1.8 billion in economic output in 2021, thanks in part to the shipyard's push to draw out-of-state workers, a strategy labor experts say could help solve the problem of Maine's shrinking workforce.
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PublishedAugust 19, 2022
Maine’s unemployment rate heads toward record low
The state's jobless rate hits the lowest point since the start of the pandemic and nears record lows set three years ago.
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PublishedAugust 14, 2022
Did it work? The elusive impact of a $45 million state grant to grow jobs
The Maine Technology Institute, which awarded the taxpayer funds, makes very little data available about the investments.
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PublishedJune 24, 2022
Maine issues last half of nearly $120 million in relief funding to municipalities
The pandemic relief money, provided through the American Rescue Plan Act, was distributed proportionally based on population.
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PublishedJune 17, 2022
Economist: May decline in Maine’s workforce likely a seasonal blip
The state lost 2,900 jobs in May, probably the outcome of a changeover in the seasonal workforce from winter recreation to summer tourism.
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