The plan proposes a hiring freeze and delaying technology upgrades to help make up for more than $500 million in revenue losses.
economy
Posted inBusiness, Local & State
National eviction ban may help thousands of Mainers – for now
A moratorium on certain pandemic-related evictions has been imposed through the end of the year, but many say further congressional action is needed to address the threat of mass homelessness.
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Posted inBusiness, Nation & World
Fed survey finds widespread pessimism about economic future
The report says that echoing across the country is the continued uncertainty stemming from the pandemic and its negative effect on consumer and business activity.
Posted inOp-Eds, Opinion
Commentary: Reality belies Republican convention’s glowing reviews for U.S. economy
Trumpenomics seems to have brought transitory and sometimes dubious gains at the expense of long-term growth.
Posted inBusiness
AP poll: Many in U.S. shoring up finances amid downturn
Despite increased unemployment, 45 percent of Americans say they’ve saved more money than usual.
Posted inBusiness, Local & State
Remotely affected: Empty offices are hurting businesses that serve them
Companies that cater to offices and office workers are finding a challenging business environment with large numbers of people working from home.
Posted inBusiness, Local & State, News
Irish solar developer’s projects in Maine attract $100 million investment
Projects being built by Dublin-based BNRG Renewables and Dirigo Solar LLC in Portland are only the first phase of three large endeavors planned to come online by 2024.
Posted inBusiness, Nation & World
California lockdown’s job losses spell trouble for the nation
The renewed job losses in California might have a preliminary impact in the July U.S. jobs report due Friday.
Posted inEditorials, Opinion
Our View: No quick fix for Maine’s economy
The lack of a federal coronavirus strategy will have economic impacts on our state for years to come.
Posted inBusiness, Local & State, News
1 in 3 Maine lobstermen lands federal pandemic loan
Lobstermen got more small Paycheck Protection Program loans than members of any other Maine industry, but the size of the average loan was small.