The boost is driven largely by Gen-Z and Millennials, but marketplaces of all kinds are reaping the rewards.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Federal Reserve to accelerate withdrawal of economic aid as prices surge
Officials expect inflation to ease in late 2022.
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Posted inBusiness
Florida company offers 2 free homes as worker incentive
The president and CEO of Mechanical One, an air conditioning and plumbing company, says his passion is to ‘reinvent employee appreciation.’
Posted inBusiness
Supply-chain nightmare ignites economic boom along U.S.-Mexico border
By keeping production closer to its final destination, companies hope it will reduce the risk of distribution snags.
Posted inBusiness, Kennebec Journal, Maine
Residents urge Hallowell officials to help Hydeout at the Wharf, worry it’s a ‘canary in the coal mine’
City council unanimously voted to meet with all affected parties and the public to see what can be done to retain the city’s bar.
Posted inBusiness, Maine
Development centered on Maine’s forests may get up to $100 million from U.S. program
A University of Maine proposal to accelerate growth of the forest bio-economy is a finalist for possible funding from a federal agency
Posted inBusiness, Nation & World
Officials, expert zero in on construction of Amazon warehouse destroyed in tornado, killing 6
The e-commerce giant has 5 million square feet of warehouse space across about a dozen facilities in the St. Louis metro area, nearly all constructed like the building that collapsed.
Posted inBusiness, Maine, News
Maine utilities regulators to investigate lawsuit against CMP’s parent, Avangrid
The Public Utilities Commission will try to determine whether the capital expenditure costs alleged in the lawsuit are being recovered in CMP’s electricity rates.
Posted inBusiness, Nation & World
Kamala Harris unveils plan for electric vehicle charging network
The Biden administration has released a federal strategy to build 500,000 charging stations for electric vehicles across the country and ultimately transform the U.S. auto industry.
Posted inBusiness, Maine, Uncategorized
UMaine System among 60 finalists for $1 billion in federal economic grants
The University of Maine System is among the finalists going into the next round of competition.