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.
maine economy
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.
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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.
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.
Posted inBusiness, Local & State, News
Maine unemployment rate dipped below 7% in June
The rate fell from 9.3% in May to 6.6% in June as a tepid economic recovery added about 19,000 jobs. But a state economist warns that the unemployment rate doesn’t fully capture the scope of job losses.
Posted inBusiness, Local & State, News
Maine unemployment claims increase after weeks of decline
The number of Mainers who filed initial claims last week increased by more than 60% from the previous week, to 4,400.
Posted inBusiness, Local & State, News
Mills’ economic recovery committee calls for $1.1 billion investment
Leaders of the Governor’s Economic Recovery Committee say any recovery plan for Maine must work in concert with protecting public health.