May was largely a continuation of existing trends, with home sales down 12% and prices up 15% from a year ago.
Hannah LaClaire
Staff Writer
Hannah LaClaire is a business reporter at the Portland Press Herald, covering Maine’s housing crisis, real estate and development, entrepreneurship, the state's cannabis industry and a little bit of everything else. Before joining the Press Herald in 2021, Hannah covered the town of Brunswick for The Times Record. In her free time, she enjoys reading, running and weekends up at camp. She lives in Springvale with her husband and daughter, their dog and two tuxedo cats.
Posted inBusiness, Local & State
Mills administration pledges $15 million to improve public building efficiency
A new initiative aims to help public schools, municipalities and tribal governments make energy efficiency improvements and reduce their costs.
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Posted inBusiness, Local & State
Maine’s cannabis black market shrinking faster than expected, survey suggests
The state Office of Cannabis Policy has issued a new, survey-based report saying 64% of Maine cannabis used last fall appears to have been purchased legally.
Posted inBusiness, Local & State
As gas prices pass $5 a gallon, Maine lawmakers seek probe into price gouging
The average price for a gallon of regular gasoline in Maine was $5.06 on Friday, with Franklin County reporting the highest countywide average at $5.16.
Posted inBusiness, Local & State
Frenchman Bay salmon farm developer sues state for spiking its lease application
The Portland company, funded by Norwegian investors, proposed raising 66 million pounds of Atlantic salmon annually and operating a fish processing plant.
Posted inBusiness, Local & State
As energy prices rise, thousands of Mainers at risk of losing power
More than 2,000 Maine households have been disconnected over the past month, and tens of thousands more are struggling with past-due balances.
Posted inBusiness, Local & State
April home sales fell 21% in Maine, but prices went through the roof
The limited selection of homes on the market last month sold for 25% more than in April 2021.
Posted inBusiness, Local & State
Home heating oil prices across Maine nearly hit $6 per gallon
With warmer weather and U.S. reserves being released, a downturn in price is expected but the timing is hard to predict.
Posted inBusiness, Local & State
Rare cannabis research operation planned in Brunswick
Florida-based Maridose LLC has set up shop in TechPlace, a business incubator facility at Brunswick Landing and is seeking federal approval to grow pot for research.
Posted inBusiness
Head of Maine State Chamber of Commerce to retire after almost 30 years
Dana Connors has been president of the pro-business organization since 1994.