The wood fiber insulation manufacturer that brought Madison’s former paper mill back to life had filed for Chapter 11 bankruptcy protection in March.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Versant Power customers will see another rate increase next month
Maine’s second-largest electric utility serves about 165,000 customers in northern and eastern Maine.
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Posted inBusiness, Local & State, News
Maine home prices set a new record in May
Maine homebuyers paid a median of $425,000 in May, just two months after the state recorded the first price decrease in 6 years.
Posted inBusiness, Health, Local & State
Maine’s hospitals say they’re under threat by proposed Medicaid cuts
Sen. Susan Collins, a key vote, has not indicated whether she will vote in favor of President Trump’s budget bill.
Posted inBusiness, Local & State, News
Maine solar company says tax credit changes could slow installations, force layoffs
Tax credits that would have lasted into the 2030s could end this year under Congress’ latest draft of the budget reconciliation. That could undercut demand for new solar projects.
Posted inBusiness, Local & State
Skowhegan paper mill among dirtiest in the country, new study finds
As other mills move away from burning tires as fuel, Maine plants have increased the practice, according to the Environmental Integrity Project, which also says emissions are being underreported. The plants dispute that.
Posted inBusiness, Local & State, News
Bill aimed at preventing ticket gouging is signed into law
When the law takes effect later this year, it will ban the use of bots and set a price cap for resellers, among other reforms.
Posted inBusiness, Local & State, News
85,000 fewer visitors crossed into Maine from Canada this May compared to last year
Data from the start of tourist season indicates that Canadians continue to avoid visiting the U.S. in light of President Donald Trump’s trade war and rhetoric.
Posted inBusiness, Local & State, Nation & World, News, Politics
Changes to energy tax credits could raise Maine’s electricity costs
Congress is weighing the early termination of handful of tax credits related to installing solar panels, shifting to electric vehicles and building more energy efficient homes.
Posted inBusiness, Local & State
Maine leads the country with first aquaculture apprenticeship program
Faced with a shortage of skilled workers for the state’s fish, shellfish and seaweed farms, Maine is breaking ground to find a solution.