The $900 billion package that passed the House and Senate late Monday includes a $300-per-week unemployment benefit for the next 3 months and $600 stimulus checks for those making up to $75,000.
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Posted inBusiness, Local & State
Maine’s job recovery since the early pandemic has ground to a halt
The November jobs report showed a decrease of 500 jobs, after consistent but dwindling increases since a collapse in the labor market this spring.
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Posted inBusiness, Local & State
With pandemic aid set to expire, new unemployment claims hit 5-month high in Maine
Claims for state benefits totaled about 3,000 for the second consecutive week, which officials say is the result of seasonal layoffs.
Posted inBusiness, Local & State
Colby outlook predicts Maine economic recovery by 2022, if U.S. can control coronavirus
The annual report warns that economic recovery relies on controlling the pandemic, an effective vaccination campaign and financial relief from the federal government.
Posted inBusiness, Local & State
Broadband advocates ready to award projects with bond money
Maine voters in July approved a $15 million bond for broadband expansion projects, and the first proposals are expected next month.
Posted inBusiness, Local & State
Wex settles lawsuit, buys companies in UK at reduced price
The Portland company was sued after it pulled out of a $1.7 billion purchase of the two companies, but wound up buying both for a third of the original price.
Posted inBusiness, Local & State
‘Green bank’ envisioned to help fund a clean-energy transition in Maine
Green banks leverage public funds to attract private investment and are used to raise money to combat the effects of climate change.
Posted inBusiness, Local & State
Pandemic leads to log home sales boom in Maine
Log homes have always exuded a rustic charm, and they’re looking increasingly attractive as a place to ride out the current situation.
Posted inBusiness, Local & State
All $1.25 billion of Maine’s CARES Act funding now spoken for
A relief fund created in March was spent to support small businesses, unemployed workers, schools, healthcare providers and local governments.
Posted inBusiness, Local & State
New Portland buildings to be designed, built to reflect post-pandemic reality
New office and medical buildings are being built to promote safer working conditions that limit viral spread.