Some have cut hours and laid off staff. Others have raised prices. Many say the situation isn’t sustainable.
Peter McGuire
Peter McGuire is a business reporter covering Maine trade, transportation and tourism. A proud native of the western Maine mountains, there is a good chance he’d rather be playing outside. Peter has covered local news for Maine newspapers in Oxford County, Brunswick, Waterville and Portland. He holds a bachelor’s degree in history from Dalhousie University in Halifax, Nova Scotia and a Master’s Degree in International Relations from Boston University. He lives in Biddeford with his wife Stephanie and brown rescue dog named Emmy Lou.
Posted inBusiness, Local & State
Jobless claims remain high in Maine amid unrelenting pandemic
About 3,800 Maine residents filed a new unemployment insurance claim last week, and over 49,000 continuing claims were filed.
advertisement
Posted inBusiness, Local & State
Maine lenders ready for second round of Paycheck Protection Program
The federal program, renewed as part of an economic stimulus package passed last year, can provide up to $284 billion in loans.
Posted inBusiness, Local & State
Maine jobless claims remain high as state implements new employer tax
More than 4,000 Mainers filed new claims last week, while a 0.13% payroll tax was implemented to help fund the unemployment compensation office.
Posted inBusiness, Local & State
New crane caps multiyear investment at Portland container terminal
Cargo volumes through the International Marine Terminal have surged as the port has added new equipment and efficiencies at the state’s sole container port.
Posted inBusiness, Local & State
State income tax issue looms over pandemic relief loan recipients
Unless the Legislature acts, Maine businesses and nonprofits could have a higher state tax burden than what federal tax rules require.
Posted inBusiness, Local & State
Maine’s job losses worse than in any recession in 50 years
The percentage of jobs lost in the state since February was more severe than in any economic downturn since 1969, according to a new state analysis.
Posted inBusiness, Local & State
State has cited 65 businesses for violating COVID-19 rules. See where they are
Two of the establishments subsequently were awarded state bailout money for which they should have been ineligible.
Posted inBusiness, Local & State, News
Tens of thousands traveled for winter holiday in Maine
Despite bad winter weather and an unrelenting pandemic, thousands of drivers were on the Maine Turnpike last weekend.
Posted inBusiness, Local & State
Another 3,300 Mainers apply for unemployment aid
The Maine Department of Labor says payments may be delayed but there will be no break in benefits under extended federal programs.