The head of Auburn Manufacturing Inc. says her prices are being undercut by the European country’s cheaper products.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
BIW continues hiring push but lengthy training hinders its benefits
Bath Iron Works will have hired 1,000 new workers in 2020, and is planning to hire 1,200 more next year, but the larger workforce won’t immediately help the shipyard fight back against scheduling delays.
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Posted inBusiness, Nation & World
U.S. budget deficit – at $3.1 trillion – doubles previous record
The deficit is $2 trillion higher than the administration had estimated in February, before the pandemic hit.
Posted inBusiness, Kennebec Journal, Local & State
Gardiner calls temporary halt to new marijuana stores in the city after recent approvals
While the moratorium covers adult-use and medical marijuana retail outlets, it will not affect those that are already operating or had submitted paperwork for consideration by Sept. 2.
Posted inBusiness, Local & State
Portland awarded $4.1 million federal grant for port improvements
The grant is part of a package of $220 million in federal grants from the U.S. Department of Transportation.
Posted inBusiness, Local & State
Mills joins push for region’s electric grid operations to reflect state climate goals
Five New England governors are asking the region’s grid operator, ISO-New England, to speed its transition to renewable energy.
Posted inBusiness, Local & State
Maine grants $105 million to small employers; some say it’s not enough
About 2,300 organizations received funds as part of a state program to stabilize struggling businesses and nonprofits, but over 1,300 applications were denied.
Posted inBusiness, Nation & World, News
U.S. unemployment claims jump to 898,000, highest since August
Thursday’s report from the Labor Department shows that the job market remains fragile.
Posted inBusiness, Local & State
Maine unemployment claims dip slightly as workforce crisis continues
More than 50,000 continued claims for benefits were filed last week in the state, and about 2,000 Mainers filed initial claims.
Posted inBusiness, Local & State, Morning Sentinel
Maine Grains takes innovative leap to expand in downtown Skowhegan
The goal is to provide housing, a space for the farmers market in the winter and to invite entrepreneurs to try out their businesses in a new building adjacent to the gristmill.