With high overhead and almost no revenue, the companies are pinning their hopes on a federal bailout that may not come.
maine businesses
Posted inBusiness, Local & State
Shaw Brothers pledges $1 million to Maine Med to honor owners’ late mother
Maine Medical Center will name an open-air causeway, to be built on Congress Street in front of a new patient care tower, in honor of Sally Shaw.
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Posted inBusiness, Local & State, Maine Cannabis Report
Portland likely to miss out on Maine’s first adult-use marijuana sales
A federal judge put the city’s retail license scoring system on hold after concluding its residency preference was probably unconstitutional.
Posted inBusiness, Local & State, News
Community banks credited for strong emergency business loan outcome in Maine
An abundance of smaller banks helped make the federal Paycheck Protection Program more effective than in most other states.
Posted inBusiness, Local & State
Despite trade deal, U.S. lobster exports to China are down in 2020
China vowed to buy more U.S. lobsters, but year-to-date sales are 23 percent lower than in 2019.
Posted inBusiness, Local & State
Old Port merchants say city’s pedestrian-only streets may be driving customers away
The temporary closure to vehicle traffic of 6 Old Port streets was designed to help restaurants create outdoor dining space so they could reopen safely and slow the spread of the coronavirus.
Posted inBusiness, Local & State, Maine Cannabis Report
Recreational marijuana sales in Maine to begin, finally, on Oct. 9
Maine will begin issuing active adult-use business licenses on Sept. 8, with retail sales to follow a month later.
Posted inBusiness, Local & State
Maine public bus services get $10.2 million federal grant
The money will be used to build a new transit center outside Acadia National Park, replace buses in Greater Portland and improve service in Bangor.
Posted inBusiness, Local & State
Guilford company gets $51 million contract to expand production of nasal swabs
Puritan Medical Products is one of the world’s only manufacturers of nasal swabs used in COVID-19 testing.
Posted inBusiness, Local & State
Solar energy farm subscribers in Maine can get a break on electric bills
A Boston-based solar energy developer that’s planning to build 3 solar farms in Maine has begun a marketing campaign offering CMP customers a 15% credit.