City council approved licenses for Freshy Fresh Edible Co. LLC, a marijuana manufacturing facility, and an adult-use license for Homegrown of Hallowell, LLC.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Uncategorized
Census: Relief programs staved off hardship in COVID crash
Massive government relief passed in response to the COVID-19 pandemic moved millions of Americans out of poverty last year, even as the official poverty rate increased slightly.
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Posted inBusiness, Nation & World
U.S. consumer price growth slows, smallest gain in 7 months
The pace suggests that some of the upward pressure on inflation is beginning to wane.
Posted inBusiness, Nation & World
Democrats seek tax hikes on corporations, the wealthy for $3.5 trillion plan
The tax hikes could bring about the most substantive changes in the tax code since Republicans with then-President Trump slashed taxes in 2017.
Posted inBusiness, Maine, News, Sports
Fans and employees ‘devastated’ by sale of Scarborough’s Beech Ridge Motor Speedway
‘When the announcement was made you could hear a pin drop’ in the crowd of 1,000 people, says Andy Austin, the longtime Beech Ridge race announcer.
Posted inBusiness, Food & Dining
Allagash named Brewer of the Year in prestigious tasting competition
The Great American Beer Festival honored the Portland brewery Friday with its Brewer of the Year award and two silver medals.
Posted inBusiness, Uncategorized
U.S. stocks edge higher, regrouping after a down week
The market regroups Monday after its biggest weekly drop since June.
Posted inBusiness, Uncategorized
Third round of child tax credit payments go out this week. Here’s what to know
Eligible families are set to receive a third round of monthly child tax credit direct payments this week. The temporarily enhanced tax credits – included in the $1.9 trillion American Rescue Plan signed into law by President Joe Biden in March – provide eligible parents with up to $3,600 per child over the course of […]
Posted inBusiness, Nation & World
Apple issues emergency software patch after exploit attributed to hacker-for-hire firm
Although security experts say that average user generally need not worry – such attacks are highly targeted – the discovery still alarmed security professionals.
Posted inBusiness, Uncategorized
Bidding wars: Desperate South Florida renters offer to pay even more than the landlord wants
The situation is further complicating a cutthroat real estate market.