The Finance Authority of Maine will use one-third of its reserves to aid small businesses damaged by the sudden economic impact of the pandemic.
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Posted inBusiness, Local & State, News
Pandemic causes sharp drop in Maine’s interstate air, rail and bus travel
Passenger volume at Maine’s largest airport is down 70%, while rail and bus ridership has suffered even bigger declines.
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Posted inBusiness, Nation & World, News
As paralysis grips Maine’s small businesses, policymakers pursue major relief
The immediate economic shock of the coronavirus pandemic has thrown small business owners into a tailspin, with no idea when the pain will end.
Posted inBusiness, Local & State, Morning Sentinel
Waterville restaurants scramble after task force tells them to close
Eatery owners in the city are trying to find ways to stay afloat and support employees through a difficult time.
Posted inBusiness, Local & State, Maine Cannabis Report, News
Maine issues first round of conditional marijuana licenses
Among them are four manufacturing facilities, 11 growing operations and 16 retail outlets in 10 communities, with five of the stores in Portland.
Posted inBusiness, Local & State, News, Politics
Bill to increase Maine overtime protections fails to win lawmakers’ support
The bill would increase the threshold for salaried workers in the state to earn overtime pay, but lawmakers said it would burden businesses in an uncertain economy.
Posted inBusiness, Local & State, News
Maine trade groups lash out against proposed increase in overtime pay eligibility
A bill in the Legislature would allow thousands more salaried workers in Maine to earn overtime pay when they work more than 40 hours a week.
Posted inBusiness, Local & State, Morning Sentinel
Wendy’s in Waterville undergoing major remodeling project
The restaurant at 329 Main St. is expected to reopen May 1 with all new equipment and a modern look.
Posted inBusiness, Local & State, Maine Cannabis Report
Lawmakers strip secrecy and extraction rules out of marijuana bill
The controversial provisions would have driven up the cost of alcohol-based extractions and allowed marijuana companies to shield certain state license data from the public.
Posted inBusiness, Local & State
Maine lobstermen to federal regulators: We’re not killing right whales
The Maine Lobstering Union accuses the agency of caving to environmental organizations when it should be defending the industry.