The letter of intent is the first step in creating viable ventures using obsolete power plants.
maine businesses
Posted inBusiness
Maine’s unemployment rate drops to 3.2 percent, lowest since December 2000
Maine’s jobless rate in February was down from 3.5 percent in January and 3.7 percent a year ago.
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Posted inBusiness, Local & State, News
New restaurants debuting in Augusta
Four businesses are establishing a toehold in the capital city, thanks to the number of people who work in Augusta every day.
Posted inBusiness, Local & State, News
Maine home sales down, values up in February
Sales were down nearly 13 percent compared with a year earlier, but the median price shot up 12.5 percent.
Posted inBusiness, Local & State, News
Federal regulators put an end to turbulent season in northern Gulf of Maine scallop fishery
The season was fraught with controversy between small-boat fishermen from Maine and full-time scallopers operating bigger boats, and the closure pleases many fishermen.
Posted inBusiness, Local & State, Maine Crime, News
Hack of state’s job-matching vendor puts Mainers’ personal data at risk
The Maine Department of Labor outsourced its job bank services in July to Kansas-based America’s JobLink, which suffered a data breach.
Posted inBusiness, Local & State, News
Loggers say state-subsidized biomass company not paying bills
They have stopped making deliveries to Stored Solar, which operates biomass plants in West Enfield and Jonesboro.
Posted inBusiness, Local & State, News
Gorham manufacturer Mega Industries lands $7 million in new contracts
The microwave components maker recently expanded to 60 employees and plans to hire 12 more.
Posted inBusiness, Local & State, News
Craft breweries added $228 million to Maine’s economy last year
The industry, which employed more than 1,600 people and brought in $150 million in revenue in 2016, is expected to continue to grow in the state, according to a new report.
Posted inBusiness, Local & State, News
After ‘a challenging year,’ L.L. Bean to give 3% annual bonus to 6,000 employees
The Freeport-based retailer says its $1.6 billion in sales was up slightly from 2015.