The chief economist at Moody’s Analytics included the state among nearly 2 dozen considered ‘in or at high risk’ of a recession, but the Maine state economist is pushing back and says employment is steady.
economic development
Posted inBusiness, Maine, News
Construction of Waterville apartment complex expected to start next year
The former Bob-In Restaurant & Lounge at the corner of Temple and Front streets has been razed and the ground leveled in preparation for the future Head of Falls Village apartment complex.
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Posted inBusiness, Maine, News
Augusta hotel/retail project wins bigger tax break, adds 2nd apartment building
The project would bring a mixed-use development to Western Avenue, with retail space, a hotel and apartments within walking distance of the state Capitol complex.
Posted inBusiness, Maine, News
Thousands of people moved to Maine since the pandemic. The influx isn’t over.
Remote work made it possible for more people to live here. It has helped the state but is straining it, too.
Posted inMaine, News
Kmart site developers, citing costs and financing problems, seek bigger tax break
Their proposal under a tax increment financing deal, would more than double the tax revenues that would be returned to the developer to make the project more attractive to secure funds to build it.
Posted inBusiness, Maine, News
Study: Colby added $2.5 billion to Maine’s economy since 2019
The analysis, commissioned as a follow-up to a report on Colby’s impact from 2014-18 and presented in downtown Waterville on Thursday, shows the college’s investments in facilities and people added $1.3 billion to the Waterville-area economy over the last six years.
Posted inBusiness, Maine, News
Skowhegan River Park secures final permits
The next hurdle for the long-planned project aimed at revitalizing the downtown by bringing paddling sports and other recreation is raising more money.
Posted inBusiness, Kennebec Journal, Maine, News
Augusta Downtown Alliance director leaving after just over one year
The organization said Jeremy Ashlock is leaving on good terms, and that it is seeking a new leader.
Posted inBusiness, Maine, Morning Sentinel, News
Madison’s TimberHP emerges from Chapter 11 bankruptcy with eye on ‘sustainable’ future
The wood fiber insulation manufacturer that brought Madison’s former paper mill back to life had filed for Chapter 11 bankruptcy protection in March.
Posted inCentral Maine Eats, Food & Dining, Kennebec Journal, Maine, News
Popeyes restaurant coming to Augusta
The multinational fried chicken chain restaurant was approved for the former site of Friendly’s restaurant on Western Avenue for a drive-thru restaurant.