About $105 million awarded to about 2,300 small businesses and nonprofits will start going out soon, economic development officials say.
maine economy
Posted inBusiness, Local & State
Unemployment claims remain high in Maine as virus cases spike
Roughly 2,500 residents filed new jobless claims or reopened previous claims last week, while another 44,000 continuing claims were filed.
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Posted inOp-Eds, Opinion
Commentary: Wear your mask to save a life, and a Maine business
The key to reopening safely, and staying open, is to protect our health.
Posted inBusiness, Local & State
As new deadline approaches, employers take issue with emergency grant program
Confusing application language and requirements may have sunk chances for some struggling small businesses and nonprofits to get assistance in the state program’s first phase.
Posted inEditorials, Opinion
Our View: Maine’s economic forecast muddied by pandemic
We won’t know when the economy will recover until we know what’s happening with the coronavirus.
Posted inBusiness, Local & State
Maine economy added just 4,700 jobs in September, fewest in past 5 months
The state’s estimated unemployment rate was 6% for the month, but was likely higher because thousands of potential workers are no longer counted in the labor force.
Posted inBusiness, Local & State
Pandemic wreaks havoc on Maine’s economic forecasting efforts
The coronavirus produces a glut of unknowns for those trying to predict where the state’s economy will go from here.
Posted inBusiness, Local & State
Maine grants $105 million to small employers; some say it’s not enough
About 2,300 organizations received funds as part of a state program to stabilize struggling businesses and nonprofits, but over 1,300 applications were denied.
Posted inBusiness, Local & State
State predicts Maine will lose nearly 16,000 jobs by 2028
But a shrinking labor market could increase wages and productivity, and an upswing in migration to the state could ease job losses, according to a new state analysis.
Posted inEditorials, Opinion
Our View: Cold storage could heat up international trade in Maine
The Portland Planning Board will consider a project that has statewide economic impact.