As demand grows for solar projects, the Legislature directed that rules be drawn up to govern compensation paid by solar developers to boost farmland conservation.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
State, feds finalize agreement for nation’s 1st floating offshore wind power research lease
The pact moves Maine one step closer to creating the nation’s first floating wind facility, tentatively a 15-square-mile array that will include up to a dozen turbines nearly 30 miles southeast of Portland.
advertisement
Posted inBusiness, Nation & World, News
British tech magnate Mike Lynch, 5 others missing after luxury superyacht sinks off Sicily
Lynch, who was acquitted in June in a big U.S. fraud trial, was among 6 people who remain unaccounted for after their chartered sailboat sank off Porticello early Monday.
Posted inBusiness, Nation & World
U.S. settles with billionaire Carl Icahn for using company to secure personal loans worth billions
Icahn Enterprises and its namesake founder have agreed to pay $1.5 million and $500,000 in civil penalties, respectively, the SEC said.
Posted inBusiness, Nation & World
Too many people, not enough management: A look at ‘overtourism’ chaos this summer
This is a story of what it means to be visited in 2024, the first year in which global tourism is expected to set records after the pandemic.
Posted inBusiness, Portland Sea Dogs, Sports
Sea Dogs well suited for Minor League Baseball’s alternate-jersey trend
Since 2019, when the team unveiled its Maine Whoopie Pies uniform and logo, the Sea Dogs have also played as the Red Snappers, Bean Suppahs, and Clambakes.
Posted inBusiness
Waterville’s Dirigo Labs announces incubator program for startups
Starting in September, the comprehensive eight-week program offers a robust foundation for early ventures.
Posted inBusiness
Gardiner resident’s photo selected for photo calendar contest
Calendars will be available to customers in all offices of First National Bank by mid-November.
Posted inBusiness, Maine, News
Wicked good: How ‘sin taxes’ are contributing to Maine’s healthy budget outlook
Revenue from levies on alcohol, tobacco, marijuana and gambling have risen sharply in the last five years, and now account for $353 million a year – 7% of the state’s $5.1 billion annual budget.
Posted inBusiness, Maine, News
Portland City Council to consider $20 minimum wage ballot proposal
Councilors will decide Monday whether to put 3 wage-related referendum questions on the Nov. 5 ballot, including a proposal that critics say would essentially eliminate tipping.