Leaders of the Maine Economic Recovery Committee warn of a ‘devastating’ economic decline unless the federal government takes further action.
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Posted inBusiness, Local & State, News
Maine jobless claims continue to ease amid phased reopening of businesses
Over 4,000 Mainers filed new claims for jobless benefits last week, even as the state prepared to allow the vast majority of businesses to open back up.
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Posted inBusiness, Local & State, News
Amusement, recreation and entertainment businesses reopen, but it’s not all fun and games
Turning the calendar to July means the majority of public-facing businesses in Maine can now serve customers, as long as they comply with a checklist of state-mandated safety precautions.
Posted inBusiness, Local & State, News
MaineHealth retains A+ bond rating despite pandemic challenges
Ratings agencies S&P Global Ratings and Moody’s Investors Service each endorsed MaineHealth with strong credit ratings.
Posted inBusiness, Local & State, News
Investors’ lawsuit advances against Prime Automotive owner
A Texas law firm claims the owner of Prime Automotive Group, which operates 9 dealerships in Maine, has been running a Ponzi scheme in which investors have lost $1.8 billion.
Posted inBusiness, Local & State, News
Maine hospitality industry’s revenue could fall by one-third this year, economists say
A preliminary report says the state’s restaurants and lodging businesses stand to lose billions of dollars and tens of thousands of jobs because of the pandemic.
Posted inBusiness, Local & State, News
MaineHealth commits to solar power for half of its energy needs
The state’s largest health care system has signed deals with 3 solar developers and says it expects to save $1 million a year in electricity costs.
Posted inBusiness, Local & State, News
Maine had record year for returning unclaimed property
The state treasurer says his office paid out $17 million to more than 30,500 claimants in fiscal 2019-20.
Posted inBusiness, Local & State, News
Maine’s in-home service providers operating under new house rules
Businesses that rely on working in customers’ homes are either finding ways to adapt to the coronavirus pandemic or staying on the sidelines.
Posted inBusiness, Local & State, News
Federal emergency loan program for small businesses ends Tuesday
All remaining loan applications for the Paycheck Protection Program must be submitted by the end of the day.