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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Canadian tourists, trucks still roll through Jackman amid slump in Maine border crossings
Locals say they have not felt a major drop in traffic in the town, despite data showing a significant decrease in Canadian travelers crossing into Maine this year.
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Posted inBusiness, Local & State, News
Versant taps Canadian utility executive as new president
Erica Young will begin leading Maine’s second-largest electricity provider next year.
Posted inBusiness, Local & State, News
Endangered North Atlantic right whale numbers up slightly
For the fourth year in a row, estimated annual births outnumbered deaths for the critically endangered species.
Posted inBusiness, Local & State, News
Waldoboro eel operation for sale as part of bankruptcy reorganization
American Unagi short-circuited the eel market when it opened in 2014 and became the first company in the U.S. to grow baby eels to full size.
Posted inBusiness, Local & State
Maine electricity supply cost may rise in addition to rate increase sought by CMP
The supply cost hike is tied largely to wholesale natural gas prices that are on track to keep rising in 2026, in part because more gas will be shipped overseas.
Posted inBusiness, Local & State, News
Brookfield withdraws application for lower Kennebec dams
The energy giant hoped to renew or amend the licenses of four Kennebec River dams, but plans to sell them to The Nature Conservancy in the next year and extensive ecological conditions in a draft permit approval led Brookfield to withdraw.
Posted inBusiness, Local & State, News
Maine Trust for Local News wins more than 100 awards at annual press contest
The Maine Press Association added 2 former journalists from the Portland Press Herald to its Hall of Fame.
Posted inBusiness, Local & State, News
40,000 Mainers’ Medicare Advantage plans will be canceled next year
Insurance companies are scaling back Medicare Advantage offerings and leaving some parts of the state, insurance regulators announced Friday.
Posted inBusiness, Local & State, News
Layoffs loom for 2,500 Maine state workers who are federally funded
The layoffs would be done according to seniority, so federally funded employees could bump less senior workers whose jobs are state funded.