The proposal would set up the fund to support independent restaurants and small franchises that are under tremendous financial pressure because of the pandemic, King said.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Sen. King promotes $120 billion revitalization fund to help restaurants
The proposal would set up the fund to support independent restaurants and small franchises that are under tremendous financial pressure because of the pandemic, King said.
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Posted inBusiness, Local & State
Proposed bill would allow medical marijuana cooperatives in Maine
Proponents say it would level the playing field for small sellers, but opponents argue it could result in large operations that are exempt from local regulations.
Posted inBusiness
Stocks rally on Wall Street, S&P 500 has best day since June
The S&P 500 climbed 2.4 percent Monday, regaining nearly all of its losses from last week.
Posted inBusiness, Nation & World
Democratic senators propose clean energy tax credits
Two U.S. senators from states with declining manufacturing sectors are pushing to invest $8 billion through tax credits to create clean energy jobs.
Posted inBusiness, Local & State
Trade group again names Portland’s jetport best in North America
Maine’s biggest airport received top marks for customer service for the fourth year in a row.
Posted inBusiness, Nation & World
Texas power company seeks bankruptcy protection after storm
The largest and oldest power cooperative in Texas is filing for Chapter 11 bankruptcy protection citing last month’s winter storm that left millions without power
Posted inBusiness, Nation & World
U.S. investigating nearly 1.9 million Toyota RAV4 SUVs after reports of engine fires
The National Highway Traffic Safety Administration began investigating after getting 11 fire complaints involving the 2013 through 2018 model years.
Posted inBusiness, Local & State
Cannabis version of Shipyard’s Pumpkinhead ale to launch in Maine
The upcoming product launch stems from a partnership between Novel Beverage of Scarborough and Portland’s Shipyard Brewing Co.
Posted inBusiness, Local & State, News
Competition for housing fuels construction boom in Biddeford-Saco
The area has become increasingly attractive as high rental prices push people out of the Portland market.