Confusing application language and requirements may have sunk chances for some struggling small businesses and nonprofits to get assistance in the state program’s first phase.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Estimate shows 11% decline in North Atlantic right whale population in a year
The drop to 366 whales in 2018, attributed partly to the revision of previous numbers, is an alarming development for the endangered species.
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Posted inBusiness, Maine
Portland-based jewelry store chain marks 150th anniversary
Springer’s Jewelers evolved from a Westbrook dry goods store founded in 1870 into a downtown Portland jeweler.
Posted inBusiness, Nation & World
As virus resurges, so does fear of more economic pain ahead
Another stimulus package this year is highly unlikely.
Posted inBusiness
Surprise strength of U.S. recovery linked to aid, quick reopening
The pandemic is expected to restrict growth for months and possibly years.
Posted inBusiness, Maine
Study finds lobster population healthy off Maine, poor in southern New England
An interstate regulatory group says the American lobster population is in decent shape off of Maine and Canada, but continues to decline in southern New England
Posted inBusiness, Nation & World
U.S. stocks have their worst day in a month as virus cases surge
Stocks of companies that need the virus to abate and the economy to return to normal had some of the biggest losses.
Posted inBusiness
China’s new growth plan may push economy past U.S. within decade
If China’s economy – which is already recovering swiftly from the coronavirus shock – can stick to the growth trajectory of recent years, it’ll surpass the U.S.
Posted inBusiness
Lee Kun-Hee, force behind Samsung’s rise, dies at 78
He transformed Samsung Electronics from a small television maker into a global giant of consumer electronics.
Posted inBusiness, Maine
Harpswell restaurant closes temporarily after staff member tests positive for COVID-19
The popular Bailey Island restaurant plans to reopen on Wednesday after all employees are tested and the building gets a thorough cleaning.