The report says that echoing across the country is the continued uncertainty stemming from the pandemic and its negative effect on consumer and business activity.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State
Agencies worried about tepid response to Maine emergency grant program
Local economic development agencies suspect many small businesses and nonprofits are unaware of the $200 million program, or don’t know how to apply.
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Posted inBusiness, Nation & World
Budget deficit to hit record, near levels not seen since end of World War II
The pandemic shutdown led lawmakers and President Trump to pump money into business subsidies, larger unemployment benefits, $1,200 direct payments and other stimulus steps that have helped the economy in the short term.
Posted inBusiness, Lewiston-Auburn
TD Bank scales back office space in Lewiston
The company says 90% of people who had worked downtown are working from home due to the pandemic.
Posted inArts & Entertainment, Business
Prince Harry and Meghan sign production deal with Netflix
Prince Harry and his wife, Meghan, have signed a multiyear deal to produce nature series, documentaries and children’s programming for the streaming service.
Posted inBusiness, Nation & World
U.S. companies added just 428,000 jobs last month
The numbers are a sign that while hiring continues, it is only soaking up a relatively small proportion of the unemployed.
Posted inBusiness, Food & Dining
The Wrap: Scorsese pays a visit, plus new restaurants, breweries and bakeries
Bar Harbor Lobster Co., Speckled Ax and Banded Brewing get second locations, Little Lad’s goes retail, and 2 more restaurants close.
Posted inBusiness, Nation & World
CDC directs halt to renter evictions to prevent virus spread
The agency declares landlords can’t evict any ‘covered people’ for failure to pay rent.
Posted inBusiness, Kennebec Journal, Local & State, Morning Sentinel
Postal carrier pickets Oakland office claiming he’s not paid for package deliveries
Adam Stalilonis’ part-time rural route has seen a major uptick in online ordered packages, causing him to work extra hours for no pay, a situation he has been told affects more than 1,500 routes in northern New England.
Posted inBusiness, Local & State, News, Schools and Education
Lawsuit seeking refund for interrupted study abroad program is dismissed
A federal judge said the operators of the program, based in Portland, were within their rights to cancel the program due to the coronavirus