The gloomy 2023 forecast – a growth rate of 1.9%, down from 2022’s estimated 3% – is blamed on war in Ukraine, pandemic impacts, high inflation and the climate crisis.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Grants will bring high-speed internet to 16,000 homes and businesses in rural Maine
Brookton and 10 surrounding communities will get high-speed broadband through an $8.1 million grant announced by the Maine Connectivity Authority this week.
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Posted inBusiness, Nation & World
Donald Trump to be allowed back on Facebook after 2-year ban
Former President Donald Trump was suspended on Facebook on Jan. 7, a day after the deadly 2021 insurrection.
Posted inBusiness, Maine, News
Maine’s ACA enrollment declines slightly, but more people have health coverage
The percentage of Mainers without health insurance dropped from 8% in 2019 to 5.7% in 2021, the latest year data was available.
Posted inBusiness, Maine, News
Maine unemployment rate inches up
The state’s jobless rate rose slightly to 3.8% in December and is just slightly above the U.S. rate.
Posted inBusiness, Kennebec Journal, Maine
Winners of 3 awards recognizing contributions of local businesses, entrepreneurs to be decided Friday via text voting
Voting will take place at the Kennebec Valley Chamber of Commerce’s annual formal banquet, the Kenney Awards, which returns to the Augusta Civic Center for the first time since 2020.
Posted inBusiness, Food & Dining, News
Lisbon Falls chef Jason LaVerdiere named semifinalist for prestigious James Beard Award
The 38-year old co-owner of Flux is one of 5 semifinalists named in Maine.
Posted inBusiness, Nation & World, News
White House directs federal probe into housing rental market practices
Progressive Democrats in Congress praised the plan directing government-backed enterprises and agencies to enhance renter protections and crack down on unfair practices.
Posted inBusiness, Nation & World, News
Right-wing Newsmax channel dropped by DirecTV
More than 40 Republican lawmakers send a letter to AT&T, which owns DirecTV, warning the provider could face hearings after its rate negotiations with Newsmax fall apart.
Posted inBusiness, Maine, Nation & World, News
States reimagine power grids for a wind and solar future
A complex web of independent system operators, state regulators and utility companies oversee the planning and construction of new grid infrastructure, with frequent disagreements about who should bear the cost.