The move could establish Maine as a leader in developing the offshore wind industry and provide valuable information about how to build out similar projects.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
U.S. consumer confidence rises in May after 3 months of declines
Most economic indicators show the economy in good shape, though there have been some signs it’s cooling off.
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Posted inBusiness, Nation & World, News
Melinda French Gates to donate $1 billion in support of women’s power
Gates says the donations will go to individuals and organizations working on behalf of women and families globally, including reproductive rights in the U.S.
Posted inBusiness, Nation & World, News
Friday’s preholiday travel breaks record for most airline travelers screened at U.S. airports
More than 2.9 million travelers were screened at U.S. airports on Friday, surpassing a previous record set last year on the Sunday after Thanksgiving, according to the Transportation Security Agency.
Posted inBusiness, Nation & World, News
Major retailers are offering summer deals to entice inflation-weary shoppers
Target, Walmart and other chains have rolled out price cuts – some permanent, others temporary – with the stated aim of giving their customers some relief.
Posted inBusiness, Maine, News
Maine’s seasonal businesses say summer hiring looks sunnier this year
Finding people to take on summer jobs has been difficult in recent years. While some employers are still struggling, ‘it’s nowhere near where it was,’ a leader of the state’s hospitality industry said.
Posted inBusiness
Kingfield-based nonprofit child care center breaks ground for expansion project
Maine Mountain Children’s House, a Kingfield-based nonprofit child care center, officially broke ground on a $760,000 renovation and expansion project May 3. The project will more than double the center’s available slots for children, meeting the needs of the continually growing waiting list, according to a news release. In 2018, Maine Mountain Children’s House […]
Posted inBusiness
Inland Hospital in Waterville debuts high-tech surgical tool
WATERVILLE — Northern Light Inland Hospital officials have announced the addition of a new high-tech tool called the da Vinci Xi surgical system. The system features 3D robotic equipment that is controlled by the surgeon and is considered an extension of their hands, according to a press release. The surgeon guides the robot to make […]
Posted inBusiness
Waterville’s Dirigo Labs wins Stage One of the SBA Growth Accelerator Fund Competition
The U.S. Small Business Administration (SBA) announced Dirigo Labs as a Stage One winner for the 2024 Growth Accelerator Fund Competition (GAFC). Dirigo Labs, based in Waterville, will receive a $50,000 cash prize for its impactful and inclusive approach to nurturing a collaborative national innovation ecosystem to advance small business research and development from ideas […]
Posted inBusiness, Nation & World
Prosecutor tells jury that self-exiled wealthy Chinese businessman cheated thousands of $1 billion
The names of former Trump advisers could arise during a trial projected to last 7 weeks.