‘Housing in Farmington, as you know, is a premium,’ board member Jeffrey Wright said.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Maine Republicans urge Trump administration to revoke Gulf of Maine wind leases
In a letter to federal officials, Maine Republicans applauded the termination of $600 million in offshore wind projects across the U.S. and asked for offshore leases in the Gulf of Maine to also be canceled.
Colby College to build new science complex using $150M anonymous gift
The largest donation in school history marks the lead commitment for a new $300 million facility and investments in scientific collaboration across Maine.
Maine’s black market for baby eels is spawning a crime-thriller subgenre
‘The Glass Eel’ is the latest of several books and TV shows to explore elver poaching.
Central Maine Power Co. taps longtime VP as new president
Linda Ball had worked as the utility’s vice president of customer service since 2019.
Newry couple’s plans to extract lithium-rich ore remain ‘on hold’
Changes to Maine’s mining law didn’t go far enough, said Mary and Gary Freeman, who in 2021 discovered a lithium deposit on their land estimated to be worth $1.5 billion.
Is Maine approaching, or already in, a recession?
The chief economist at Moody’s Analytics included the state among nearly 2 dozen considered ‘in or at high risk’ of a recession, but the Maine state economist is pushing back and says employment is steady.
Offshore wind could have saved New England ratepayers millions last winter
A recent report found that projects off Massachusetts and Rhode Island could have driven down wholesale electricity costs throughout the region if they had not been delayed.
ACA premiums to rise an average of nearly 24% in Maine
Some Affordable Care Act enrollees could see premiums jump even higher if Congress doesn’t extend subsidies set to expire at the end of 2025.
Fewer Canadians traveling Maine Turnpike this summer
The average daily volume of Canadian motorists paying cash at tollbooths from May through August fell 43%, from 2,377 in 2024 to 1,339 this year.