Businesses and nonprofits will owe state income tax on the forgiven portion of Paycheck Protection Program loans unless legislators change state law.
maine businesses
Posted inBusiness, Local & State, News
Jackson Lab to remove founder’s name from conference center
The Bar Harbor laboratory said founder C.C. Little’s name is being removed because of his ties to the long-condemned eugenics movement.
advertisement
Posted inBusiness, Kennebec Journal, Local & State, Morning Sentinel, News
Bond measure approval will fuel state’s goal of expanding rural broadband
Voters approved a $15 million bond last week to push high-speed internet service into more low-density areas of Maine.
Posted inBusiness, Kennebec Journal, Local & State, Morning Sentinel, News
Coronavirus and papermaking woes bring tough times to Maine’s logging industry
‘This is probably the lowest point that I’ve ever seen,’ says one logging industry veteran and association president.
Posted inBusiness, Food & Dining
Caterers suffer as 2020 brides say ‘I don’t’
With weddings, fairs, festivals and corporate events canceled by the coronavirus, caterers are cooking up alternative business models to keep their companies afloat.
Posted inBusiness, Local & State, News
Maine lobster industry’s large PPP loan recipients
$350,000 to $1 million: Carver Shellfish Inc. Maine Shellfish Co. Inc. Greenhead Lobster LLC Maine Coast Shellfish LLC $150,000 to $350,000: Cape Porpoise Lobster Co. Taylor Lobster Co. LLC Bean Maine Lobster Inc. Greenhead Lobster Products LLC Lobster 207 LLC Mill Cove Lobster Pound Inc. Maine Lobster Outlet LLC Harbor Fish Market S&M Fisheries Inc. […]
Posted inBusiness, Local & State, News, Sports
Pandemic sidelines Portland’s minor league sports venues
With little prospect of generating large crowds and ticket sales, Hadlock Field, the Portland Expo and Cross Insurance Arena are doing what they can to offset losses during the coronavirus outbreak.
Posted inBusiness, Local & State, News
1 in 3 Maine lobstermen lands federal pandemic loan
Lobstermen got more small Paycheck Protection Program loans than members of any other Maine industry, but the size of the average loan was small.
Posted inBusiness, Local & State, News, Sports
With no games, Portland’s pro sports teams try to keep fans engaged
Minor league franchises including the Portland Sea Dogs, Maine Red Claws and Maine Mariners are in a holding pattern until games can resume safely.
Posted inBusiness, Local & State, News
Pandemic relief flows to Maine’s lobster supply chain
A sprawling network of dealers, retailers and processors in the state received at least $9.2 million in federal Paycheck Protection Program loans.