Although overhead, labor costs, staffing shortages and the lack of downtown housing make it challenging to launch new restaurants, many say the town of 8,784 (and millions of tourists) needs more choices.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Amtrak’s Downeaster to receive $27 million in federal funding for track improvements
The authority that oversees the Downeaster also will get a $500,000 grant to explore expanding service to Rockland and adding a station in Falmouth.
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Posted inBusiness
Employers add 199,000 jobs; unemployment falls, signaling sturdy labor market
The November job gain was a reminder that many employers continue to hire.
Posted inBusiness, Nation & World
Turning blades send first commercial offshore wind power onto U.S. grid
When completed early next year, the wind farm will be able to generate 132 megawatts of offshore wind energy to power more than 70,000 homes.
Posted inBusiness, Nation & World
Retail group pulls back on claim organized retail crime accounts for nearly half of inventory loss
The National Retail Federation has revised a report to pull back the claim that organized retail crime accounts for nearly half of overall industry shrink.
Posted inBusiness, Nation & World, News
Office holiday party booze is being replaced with guac and pickleball
The classic end-of-year celebration – the office holiday party – has gotten a full makeover.
Posted inBusiness, Nation & World, News
AI-powered drive-thrus are actually run almost entirely by humans
Checkers and Carl’s Jr. are among U.S. fast-food chains hailing AI-powered drive-thrus as labor-zapping wizards that speed up service.
Posted inBusiness, Health, Politics
White House targets patents of high-price prescriptions in latest effort to lower drug costs
Under a plan announced Thursday, the government would consider overriding the patent for high-priced drugs developed with the help of taxpayer money.
Posted inBusiness, Health
Two babies infected with rare bacteria sometimes found in powdered formula
Federal health officials confirmed Thursday that 2 cases of invasive infections caused by cronobacter sakazakii have been reported.
Posted inBusiness, Nation & World
White House delays menthol cigarette ban, alarming anti-smoking advocates
The Food and Drug Administration has spent years developing a plan to eliminate menthol, estimating it could prevent 300,000 to 650,000 smoking deaths over several decades.