The lack of a federal coronavirus strategy will have economic impacts on our state for years to come.
maine economy
Posted inBusiness, Local & State, News
New jobless claims in Maine fall again, but tens of thousands still rely on aid
More than 87,000 continuing claims for assistance were filed last week, as supplemental benefits to support the economy and keep people out of poverty lapse.
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Posted inBusiness, Local & State, News
Maine’s tourism industry on life-support as visitors trickle back
Hotel occupancy and out-of-state traffic increased over July but many businesses are still barely hanging on and hope to survive through the summer.
Posted inEditorials, Opinion
Our View: Now is no time to give up on COVID-19 measures
As the summer slips away, Congress should step up and pass a meaningful relief bill for the tourism industry.
Posted inBusiness, Local & State, News
As safety net disappears, out-of-work Mainers plead for more help
Labor advocates warn of deep economic pain as the $600 extra weekly benefit is set to expire, but business groups expect losing added jobless pay will encourage people to go back to work.
Posted inBusiness, Local & State, News
Maine to update jobless payment amounts for self-employed, contractors
Starting this week, workers collecting federal benefits may be entitled to more than the $172-per-week minimum.
Posted inBusiness, Local & State, News
Maine employers could be taxed by state on federal emergency loans
Businesses and nonprofits will owe state income tax on the forgiven portion of Paycheck Protection Program loans unless legislators change state law.
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, 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 inMaine Voices, Op-Eds, Opinion
Maine Voices: Want to help the economy? Stay home.
Reopening too aggressively leads to outbreaks that require reimposition of public health measures, further restricting consumer confidence.