About $553 million in forgivable loans has been approved for Maine businesses under the Paycheck Protection Program’s current phase.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
State regulator launches probe into future of Maine’s electric grid
The investigation comes after controversy over Central Maine Power’s estimated costs for connecting solar energy farms to the grid.
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Posted inBusiness, Maine
MaineHealth receives $12.8 million grant for rural health care research
It will use the funds, from the National Institutes of Health, to study ways to reduce the disparity in health care quality between urban and rural areas of the state.
Posted inBusiness, Maine
New jobless claims continue to decline in Maine
About 2,700 Mainers filed or reopened a claim for state benefits in the second week of February, down from 2,800 a week earlier.
Posted inBusiness, Nation & World, News
U.S. jobless claims jump to 861,000 as layoffs stay high
The number is painfully high but fraudulent claims may be pushing up the totals.
Posted inBusiness, Maine, News
Couple buys historic schooner and plans windjammer cruises this summer
The new owners of J. & E. Riggin believe people will want an outdoor adventure whether or not the pandemic is over.
Posted inBusiness
Lawmakers to face off with GameStop saga’s key players
The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees.
Posted inBusiness
Biden’s $15 wage proposal: Job killer or a boon for workers?
Economists have argued the merits of minimum wage hikes for years – a discussion some describe as ‘the mother of all economic debates.’
Posted inBusiness
In Australia, Google makes publisher deals, Facebook walks
Google is quickly negotiating generous deals media companies to pay for journalism as lawmakers consider forcing digital giants into such agreements.
Posted inBusiness, Nation & World
Texas blames renewable energy for blackouts, but that’s a false claim
Conservative commentators on Tuesday shared a false narrative that wind turbines and solar energy were primarily to blame for power outages across Texas.