Investments include $20 million for a new small business grant program, $39 million to help lower monthly health insurance premiums and $80 million to replenish the state’s unemployment trust fund.
maine businesses
Posted inBusiness, Maine
After a year of growth, Maine’s legal cannabis industry faces new challenges
The state’s adult-use cannabis industry brought in nearly $60 million in its first year, but some fear market saturation and mega-competitors from out of state.
advertisement
Posted inBusiness, Maine
With new whale protections looming, Maine lobster industry asks judge to intervene
It’s a last-ditch legal effort to stop a seasonal fishery closure to protect endangered right whales, which the industry says will cause it irreparable harm.
Posted inBusiness, Maine, News
David Flanagan, Maine business icon who led CMP, dies at 74
Flanagan, a Maine native best known for his leadership at Central Maine Power in the 1990s, also held many leadership positions in higher education and ran for governor in 2002.
Posted inBusiness, Maine
Mainers will pay more to heat their homes this winter
Following drastically reduced prices during the coronavirus pandemic’s first year, energy costs have rebounded to pre-pandemic levels.
Posted inBusiness, Maine, News
Documents reveal spending, legal strategy for embattled power line project
Avangrid Corp. has spent $350 million on the $1 billion New England Clean Energy Connect project and has developed contingency plans for its legal challenges.
Posted inBusiness, Maine
ReVision Energy teams up for 13 solar projects in Maine
The projects will produce enough energy to power about 4,500 homes.
Posted inBusiness, Maine, News
Vital services that rely on MaineCare struggle to compete for workers
In a tight labor market exacerbated by the coronavirus pandemic, managers of care facilities funded by the state’s version of Medicaid say hiring has never been harder.
Posted inBusiness, Maine
Portland-based Wex mandates vaccinations for all in-office workers
The policy comes a few weeks before a federal rule requiring vaccinations or weekly COVID tests for workers at large companies is to take effect.
Posted inBusiness, Maine, News
Portland sports tech firm KinoTek scores $2.1 million investment
The company, which has developed a platform to help clinicians rapidly obtain data on their clients’ movement, received the money from a Florida investment fund.