Rising interest rates, high construction costs and economic uncertainty are all cited as contributing factors.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, Life & Culture, Local & State, Nation & World, News, Politics
New year brings changes as Mainers begin to file tax returns
The standard deduction has roughly doubled, and those with dependent children and those who itemize deductions will see differences.
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Posted inBusiness, Local & State, News
Maine financial institutions lending relief to civilian federal workers who aren’t getting paid
As the government shutdown continues, credit unions and banks are providing low-interest loans, deferments and other assistance, a ‘huge relief’ for their customers.
Posted inBusiness, Local & State
Hannaford to open second Brunswick store
The planned location at Cooks Corner Shopping Mall would employ roughly 150 workers.
Posted inBusiness, Local & State, Politics
Partial government shutdown leaves some small businesses in tax limbo
Ambiguities in the revised federal code mean self-employed Mainers in the real estate and insurance industries may have to file for an extension or submit best-guess numbers.
Posted inBusiness
Northeast Bank to undergo restructuring
The Lewiston-based bank will eliminate its parent holding company if regulators approve.
Posted inBusiness, Local & State
Maine investor tax credit likely maxed out on first day
Applications received Wednesday for the Maine Seed Capital Tax Credit would exceed the $5 million annual cap if all were approved.
Posted inBusiness, Local & State
Portland financial services firm to acquire competitor
Foreside Financial Group plans to purchase New Hampshire-based NCS Regulatory Compliance for an undisclosed sum.
Posted inBusiness, Local & State
Startup investors camp out for Maine tax credit
The Maine Seed Capital Tax Credit program has become so popular that its overseers are asking the Legislature to triple its budget.
Posted inBusiness
Gorham Savings president adds CEO to title
Steve deCastro replaces former CEO Chris Emmons, who retired Dec. 31.