Companies with up to 250 workers are among those now eligible for $95 million in grants to sustain local economies through the downturn.
maine economy
Posted inBusiness, Local & State
Late summer boost helps some Maine tourism businesses stay afloat
By some measures, Maine defied expectations that restrictions prompted by the coronavirus pandemic would doom small and seasonal businesses dependent on annual mobs of tourists.
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Posted inEditorials, Opinion
Our View: Broadband access key to Maine’s economic recovery
As work gets more mobile, we will need to invest in infrastructure that will bring jobs here. This isn’t a problem that the market will solve.
Posted inBusiness, Local & State
Maine records more job gains but pace of recovery slows
The state gained more than 6,000 jobs in August and the unemployment rate fell to 6.9%, but labor department analysts suspect the true jobless rate is almost 10%.
Posted inBusiness, Local & State
Maine economic recovery grants attract fewer applicants than expected
The state will award up to $100,000 to qualified applicants, but small organizations aren’t sure how much they stand to receive and some businesses feel they were shut out of the $200 million program.
Posted inBusiness, Local & State
Maine jobless claims remain virtually unchanged
Roughly 66,000 Mainers filed for unemployment benefits in the first week of September, a slight decline from the 67,500 who filed the previous week.
Posted inBusiness, Local & State
Where are all the bankruptcies experts predicted?
A surge in personal and business bankruptcy filings was a projected result of the pandemic-induced recession, but filings in Maine were down 50% in August from a year earlier. That trend could change.
Posted inBusiness, Local & State
Agencies worried about tepid response to Maine emergency grant program
Local economic development agencies suspect many small businesses and nonprofits are unaware of the $200 million program, or don’t know how to apply.
Posted inBusiness, Local & State
Hundreds of organizations in Maine apply for state emergency relief grants
Almost 700 small businesses and nonprofits seek aid in the first week of a $200 million economic assistance program created by the Mills administration.
Posted inBusiness, Local & State
Maine jobless claims trend downward as layoffs continue
The number of weekly unemployment claims last week fell to their lowest point since mid-March, but more than 1,000 Mainers filed new claims for jobless aid.