For budding entrepreneurs, location matters as towns and cities vary widely – from $100 to $40,000 – in costs for setting up shop.
Hannah LaClaire
Staff Writer
Hannah LaClaire is a business reporter at the Portland Press Herald, covering topics such as real estate and development, entrepreneurship and the cannabis industry among others. Before joining the Press Herald in January 2021, Hannah covered the town of Brunswick for The Times Record. She graduated from the University of Maine with a degree in Journalism, and reported for The Cape Cod Times in Hyannis, Massachusetts, and The Telegraph in Nashua, N.H., before moving back to Maine. In her free time, Hannah enjoys reading, running, cooking (eating) and traveling. She lives in Saco with her husband, her dog Olive and her cat Fred.
Posted inBusiness, Local & State, News
Maine home sales fell again in August, while prices rose, but market may be leveling off
The number of sales fell by double digits, and the median sale price increased by about the same percentage. Mortgage rates are climbing and could be a wild card.
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Posted inBusiness, Local & State, News
Immigrants may hold a key to solving Maine’s labor shortage
As more people leave the state’s workforce than enter it, new Mainers may play a vital role in filling the gaps.
Posted inBusiness, News
Potential railroad strike would damage struggling U.S. economy, but effects in Maine unclear
A total of 60,000 union workers had been expected to walk off their jobs as early as 12:01 a.m. on Friday.
Posted inBusiness, News
Royce Cross stepping down as CEO of Cross Insurance, being succeeded by son
Jonathan Cross is the third generation of the Cross family to lead the 68-year-old, Bangor-based insurance provider.
Posted inBusiness, News
Data breach may have affected over 15,000 student loan borrowers in Maine
Personal information including Social Security numbers may have been illicitly accessed, and 2.5 million people may have been affected nationwide.
Posted inBusiness, Local & State, News
Maine’s average gas price falls below $4 a gallon for first time since March
The price has dropped by more than a dollar per gallon since peaking in mid-June.
Posted inBusiness, Local & State, News
Court ruling paves way for out-of-staters to own medical marijuana dispensaries
The 1st U.S. Circuit Court of Appeals upholds a lower court ruling that Maine’s residency requirements are unconstitutional.
Posted inBusiness, Local & State
Maine’s right-to-repair initiative would likely face legal challenge
The effort is based on a law Massachusetts voters passed in 2020 but has yet to be implemented because of a lawsuit filed by the auto industry.
Posted inBusiness, Local & State, News
Maine real estate market continues trend of slower sales
Low inventory and higher interest rates are among the factors contributing to a 15 percent decline in home sales in July compared to a year ago.