The coronavirus pandemic triggered a cycling boom, and sales the U.S. has not witnessed since the 1973 oil crisis.
Times Record Business
Posted inBusiness, Local & State
Despite pandemic, Maine’s 2020 lobster haul was better than expected
The catch was valued at almost $406 million, a 17% decrease from 2019 but only the seventh yearly total ever exceeding $400 million.
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Posted inBusiness, Local & State
Medical cannabis providers, customers testify against Maine’s proposed new industry rules
Caregivers and their customers say adding costly regulations to the state’s 20-year-old program would jack up prices and bankrupt small providers.
Posted inBusiness, Local & State, News
L.L. Bean sees sales boom amid pandemic’s push to the outdoors
The retailer benefited from two of the hottest retail segments over the past year – comfort items like slippers, pajamas and loungewear, along with outdoor gear.
Posted inBusiness, Local & State
Maine extends state income tax deadline to May 17
The change aligns with the federal government’s extension of the federal income tax filing and payment deadline.
Posted inBusiness, Local & State
Lawmakers scrutinize Maine’s solar incentives at public hearing
The Legislature’s Energy, Utilities and Technology Committee next will seek ways for Maine to pick the right mix of projects to provide the greatest benefits at the lowest cost.
Posted inBusiness, Local & State
MaineHousing invests $30 million in tax credits, subsidies for affordable housing
The funding will create or preserve 430 housing units, of which 388 will serve low-income households, the agency said.
Posted inBusiness, Local & State
Solar offers significant economic, ratepayer benefits in Maine, report says
The report was released by solar energy industry advocates in advance of a legislative hearing to consider pausing, diluting or repealing a Maine solar incentive program.
Posted inBusiness, Local & State
Crisis far from over for Maine women suffering prolonged unemployment
The state lost more than 48,000 jobs from February to December of last year, and women held 57% of those jobs. The crisis has drawn attention to systemic inequities for Maine’s working women.
Posted inBusiness, Local & State, News
Lawmakers, including some Democrats, worry Maine’s solar policies too generous
Three Republican-sponsored bills that would trim or roll back incentive programs for solar energy installations face a public hearing next week.