Morningstar Stone and Tile establishes an ESOP and expects workers to have complete ownership within 10 years.
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, Nation & World, News
Black Friday deals draw Maine shoppers by the thousands
Buyers get an early start to take advantage of sales, while retailers report brisk business and new tactics to compete with online sellers.
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Posted inBusiness, Local & State, News
About half of shopping expected to occur online this holiday season
A national survey of consumers predicts e-commerce sales will increase by nearly $100 billion.
Posted inBusiness
Mainers brave cold and drizzle to grab midnight deals on Black Friday
Meanwhile, retailers said they were stepping up their game to compete with online sellers and each other.
Posted inBusiness
More Maine construction companies are embracing employee ownership
There are risks, but independent construction firms see even bigger advantages in ESOPs – employee stock ownership plans – to pass the business on.
Posted inBusiness, Local & State, News
Maine sales of single-family homes rose in October despite interest rate increase
Sales were up 5 percent from a year earlier, and the median price rose by nearly 3 percent.
Posted inBusiness, Local & State, News
Its land too valuable not to sell, Rufus Deering Lumber to close after 162 years in Portland
The company’s prime property on Commercial Street has been sold to a Massachusetts and New York development team that builds high-end condominiums.
Posted inBusiness, Local & State, News, Politics
Barney Frank warns against hasty repeal of Dodd-Frank Act
But some in Maine’s banking industry say the reforms have made it especially difficult for smaller financial institutions and their customers.
Posted inBusiness, Local & State, News
Treasury allocates $80 million in tax credits for rural Maine economic development
CEI Capital Management says it has used such federal tax credits to support the growth and economic viability of enterprises across multiple industries.
Posted inBusiness, Local & State, News
Market forces mean Trump can’t pull plug on clean energy, experts say
Although energy policies will change under the Trump administration, panelists at a conference in Portland say the changes likely won’t be as extensive as people expect.