‘This is monumental,’ President Biden said in a video statement, calling it an important move toward reversing longstanding inequities.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Small businesses, municipalities urged to apply for portion of $35 million aid to rebuild after storms
The funding is part of a $60 million storm relief package secured by Gov. Janet Mills and lawmakers during the recent legislative session.
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Posted inBusiness, Maine
Moody’s upgrades Maine’s credit rating to second-highest
The credit rating agency cites the state’s ‘sustained financial improvements including a large increase in reserves and solid pension contributions practices.’
Posted inBusiness, Maine
Experts urge developers to think small for solution to Maine’s housing crisis
The Maine Real Estate & Development Association’s annual spring gathering focused on creative ways to approach housing development by utilizing small lots, historic tax credits and the transformation of Portland’s zoning regulations.
Posted inBusiness, Maine
USPS says changes at Hampden mail facility are on hold – for now
The Postal Service had proposed converting the Hampden facility into a local processing center, which Maine’s delegation strongly opposed.
Posted inBusiness, Maine, News
Maine wood products companies get $1.6 million in federal grants
Treeline Inc. in Chester, Godfrey Forest Products in Jay and Tanbark in Saco will receive funding for innovative projects.
Posted inBusiness, Nation & World, News
Study: Amazon warehouse workers say they struggle to afford food, rent
Amazon has long been criticized for its treatment of employees, especially those who pack and ship boxes in its warehouses.
Posted inBusiness, Maine, Morning Sentinel, News
Developer previews plans for Waterville apartment complex
Developer John Jabar Jr. previewed his plans to build a complex of eight apartment buildings on Washington Street with a possible future expansion for the Waterville Planning Board on Tuesday.
Posted inBusiness
Walmart lays off hundreds of office employees, requires others to relocate
BENTONVILLE, Ark. — Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The […]
Posted inBusiness, Maine, Morning Sentinel
Waterville Planning Board approves final plans for Colby College residence hall
The dormitory, projected to open in the fall of 2026 at the Waterville campus, is expected to house 217 students.