A compromise in a proposed rate hike for Central Maine Power may be reached without an evidentiary hearing or a high-stakes ruling by the Public Utilities Commission.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Debt ceiling: McCarthy says ‘no progress’ ahead of talks Tuesday with Biden
President Biden remains hopeful that an agreement could be reached with Republicans to avoid what would be an unprecedented debt default, which could trigger a financial catastrophe.
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Posted inBusiness, Maine
From sheep to storage: The rise of self-storage businesses in Washington County
Washington County is part of a self-storage trend that’s helpful to consumers and profitable to owners.
Posted inBusiness, Maine, News
Kelp dryer could allow Maine seaweed farms to triple output
The machine, developed by Ocean’s Balance, is intended to solve the exacting challenges seaweed farmers face when trying to preserve their harvest.
Posted inBusiness, Maine, News
Hackers, data breaches put more Mainers at risk in ‘ongoing chess game’
Experts say cybercrime is on the rise, and it’s getting harder to catch the crooks. In Maine, data breaches are being recorded nearly every day.
Posted inBusiness
Croft wins $25,000 prize in Dirigo Labs pitch competition
Maine-based Croft secured a $25,000 prize sponsored by Skowhegan Savings Bank at the Dirigo Labs accelerator’s second pitch competition in Waterville. Based in Rockland, Croft creates high-performance buildings that actively sequester carbon from the environment. Founder Evan Ryan’s pitch featured plans outlining the company’s commitment to creating housing and sourcing materials from local farms, fields, […]
Posted inBusiness
Direct Communications awarded Reach Me Line Extension grant
UNITY – Direct Communications, formerly known as UniTel, has been awarded a Reach Me Line Extension grant by the Maine Connectivity Authority to utilize its existing broadband network to expand high speed fiber in the towns of Burnham, Dixmont, Newburgh, Thorndike, Troy and Unity. This award was part of $20 million awarded to internet service […]
Posted inBusiness, Community
Somerset County Sheriff’s Office receives Maine Law Enforcement Accreditation Program accreditation
The Somerset County Sheriff’s Office in Madison was officially awarded Maine Law Enforcement Accreditation Program accreditation May 3. The MLEAP is a voluntary process where police agencies in Maine prove its compliance with Maine law enforcement’s current best practices or standards. The Maine Chief’s of Police Association developed the accreditation program to assist Maine police […]
Posted inBusiness, Community
Golden Pond Wealth Management’s Katherine Higgins earns license
WATERVILLE — Katherine Higgins of Detroit, relationship manager at Golden Pond Wealth Management has successfully completed the requirements for her investment securities license. The exam focuses on stocks and bonds, investment risk and interactions with clients. Higgins is now preparing for the Uniform Combined State Law exam.
Posted inBusiness
Wall Street slips as households get more nervous
Markets react to worries about a possible recession, high inflation and the government inching toward a catastrophic default on its debt.