Continued low inventory in Maine’s housing market led to a nearly 11% decline in single-family home sales across the state.
maine businesses
Posted inBusiness, Local & State
Ousted Prime Automotive CEO settles lawsuit for $30 million, clearing way for dealership sale
Houston-based Group 1 Automotive closed on its purchase of the dealerships on Wednesday, the same day Prime Automotive signed a settlement agreement with David Rosenberg.
advertisement
Posted inBusiness, Local & State, News
Maine records slight job gains in October as labor crunch continues
The state gained about 900 jobs last month, marking continued sluggish growth in a competitive labor market.
Posted inBusiness, Local & State
Skiing, child care, ‘biochar’ and kelp: Brunswick-based CEI releases annual impact report
The mission-driven financial institution assisted 95 mostly Maine-based business clients with $35.8 million in financing during the 12 months ending Sept. 30.
Posted inBusiness, Local & State, News
Federal appeals court reinstates lobstering closure in Gulf of Maine
A federal judge’s ruling in a lawsuit brought by the Maine Lobstering Union and other industry businesses had temporarily halted the closure.
Posted inBusiness, Local & State
Lobstermen’s group launches $10 million fundraising push to ‘save’ industry jobs
The Maine Lobstermen’s Association says it needs money to fight new federal restrictions intended to help protect endangered North Atlantic right whales.
Posted inBusiness, Local & State, News
Aroma Joe’s coffee chain to buy parcel in Portland Technology Park
The coffee shop company will buy a 3-acre plot from the city for $595,000 and aims to build its new headquarters there.
Posted inBusiness, Local & State, News
Electricity prices will squeeze Mainers’ budgets next year
But state and federal agencies say they are already lining up aid to offset an expected jump in January.
Posted inBusiness, Local & State, News
Gov. Mills announces $10 million in funding for Maine seafood dealers and processors
The new seafood infrastructure program will provide grants to upgrade buildings, utilities and equipment, and invest in new technology.
Posted inBusiness, Local & State, News
Pandemic points out need for better economic support for marginalized Mainers, report says
A report from the left-leaning Maine Center for Economic Policy found that women, people of color and front-line workers have been disproportionately harmed by the coronavirus pandemic.