The Portland-based animal health company still reported a $1.3 million net loss for the year.
maine businesses
Posted inBusiness, Local & State, News
CMP brings back former CEO in effort to regain public’s trust
David Flanagan will serve as executive chairman of the electric utility’s board of directors, and CMP President and CEO Doug Herling will report directly to him.
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Posted inBusiness, Local & State, News
Public takeover of Maine’s electric utilities could bring higher rates, tax revenue losses
But the switch could lead to lower rates over 30 years, according to an analysis by independent consulting firm London Economics.
Posted inBusiness, Local & State, News
CMP shrugs off referendum, plans to start work on $1 billion transmission corridor
Central Maine Power, which needs 2 more permits for the power line, says it plans to begin construction this spring and has contracted with 3 Maine companies to provide wooden ‘mats’ it will use to move heavy equipment through the North Woods.
Posted inBusiness, Local & State, News, Politics
Report questions effectiveness of Maine tax incentive programs
Maine’s business equipment tax reimbursement and exemption programs are costly for municipalities and don’t appear to be effective at getting businesses to invest more in new equipment.
Posted inBusiness, Local & State, News
Maine public housing agencies to receive $9.5 million for upgrades
Almost 20 housing authorities were granted funds from the U.S. Department of Housing and Urban Development.
Posted inBusiness, Local & State, News
Portland jetport to receive $4.5 million grant for taxiway project
The funding was awarded through the U.S. Department of Transportation’s Airport Improvement Program.
Posted inBusiness, Local & State, News
Fast-growing Wex reports record revenue of $1.72 billion for 2019
The Portland-based payment processing company reported revenue growth of 15% from a year earlier.
Posted inBusiness, Local & State, News, Times Record
Midwinter drop in energy costs gives Mainers unexpected relief
A combination of unseasonably warm temperatures and lower prices for heating oil and gasoline offers a welcome change from the norm.
Posted inBusiness, Local & State, News
Bowdoin College aims to raise $500 million by 2024
The liberal arts college in Brunswick plans to spend money from the fundraising effort on student financial aid, academics and career preparation.