The Kennebec Valley Council of Governments (KVCOG) recently announced that its board of directors has appointed Joel Greenwood as executive director. Eric Dyer, KVCOG board of director’s president and town manager of Readfield, announced the appointment in a news release. “We are excited for the opportunity to bring one of our most talented and experienced […]
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, Politics
Support builds for $50 million fund to aid small businesses hurt by winter storms
A bill sponsored by Sen. Craig Hickman, D-Winthrop, received unanimous, bipartisan endorsement in committee on Friday.
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Posted inBusiness, Health, Nation & World, News
CVS and Walgreens plan to start dispensing abortion pill mifepristone soon
The abortion pill will only be available in a few states to start.
Posted inBusiness, Maine
Central Maine Power asks regulators for $162 million reimbursement for storm repairs
If approved by regulators, electricity rates will go up for more than 635,000 CMP customers.
Posted inArts & Entertainment, Business, News
They are TV’s ghosts – networks that somehow survive with little reason to watch them anymore
Few cable and satellite networks are a force anymore, the byproduct of sudden changes in how people entertain themselves.
Posted inBusiness, Nation & World, News
Musk sues OpenAI and Altman for breaching firm’s founding mission
The case marks an escalation in the one of the highest-profile clashes in the emerging field of AI, pitting two of its most prominent players against each other.
Posted inBusiness, Maine, Schools and Education
Maine colleges, universities partner with defense industry to recruit and train thousands of workers
As overseas military threats multiply, the U.S. defense industry is looking to vastly scale up hiring and worker training, including in Maine.
Posted inBusiness, Maine
Maine’s unemployment rate hovers near record low
The 2023 rate of 2.9% doesn’t capture the whole picture, though, because many workers have left the workforce entirely in the last few years.
Posted inBusiness
Value of Maine lobster fishery rebounds in 2023 despite smallest catch in 15 years
Lobstermen brought in $464 million last year, a nearly 20% jump from 2022 that was propelled by a dockside price of $4.95 per pound, the second highest on record.
Posted inBusiness, Maine, News
Entire block of downtown Freeport to be auctioned after developer breaches mortgage
The Freeport Village Station retail center, which is valued at $32.5 million and includes an L.L.Bean outlet, is scheduled to be auctioned Wednesday as part of a foreclosure.