Business and Economy

Business news

Charlotte Gill

Charlotte’s Legendary Lobster Pound in Southwest Harbor has lived up to its name this past week after a story, first reported in the Mount Desert Islander, circulated on the internet. That’s because owner Charlotte Gill has come up with a process to get lobsters high before they die. She is convinced that a small dose of cannabis can help calm crustaceans before they’re cooked in a traditional lobster pot.

SACO, Maine - A Maine seafood company has obtained the final permit to develop the largest lobster processing operation in the state.

ROCKLAND, Maine - Members of Maine's lobster industry are looking to shift their focus to growing domestic markets as new tariffs make it more difficult to sell to foreign buyers such as China.

Abukar Adan / Maine Public/file

State regulators say the response by Maine’s major electric utilities to last October’s windstorm was reasonable, after investigating the utilities’ reaction to the storm, which left as many as 467,000 customers without power.

Courtesy Bay Ferries

The CAT Ferry carried more than 18,000 passengers between Portland and Yarmouth, Nova Scotia, last month, according to Portland city officials.

The federal government is out with new figures showing how fast Maine's metropolitan area economies grew in 2017. 

University of Maine System Trustees have approved a new degree program at the Presque Isle campus, which they say is designed to meet the need for highly qualified agriculture and agribusiness professionals.

Courtesy Lisa Nelson Graham

About 200 people turned out Friday night for a pair of hearings held by the Maine Public Utilities Commission — one in Farmington and one in the Forks — on Central Maine Power’s proposed transmission line known as New England Clean Energy Connect.

Robert F. Bukaty / Associated Press

FALMOUTH, Maine - Passenger rail service between Boston and Brunswick, Maine, is expected to expand by the end of this year with the completion of a critical rail project.

Robert F. Bukaty / Associated Press

Canadians are snapping up live Maine lobsters, buying $43.72 million worth in July, more than double in that same month last year.

Maine’s median household income increased by over $3,100 last year to more than $56,000.

AUGUSTA, Maine - Heating oil is more expensive than a year ago in Maine, where residents of the state are looking ahead to fall and winter.

Susan Sharon / Maine Public

Call it a potential match made in prison.

Oregon State University / Flickr/Creative Commons

For the third year in a row a potentially toxic algae is blooming Down East and forcing closures of shellfishing areas.

The Lobster Co.

Two months after new tariffs on sales of live lobsters from the U.S. to China took effect, exports are down nearly 30 percent and Maine lobster dealers are feeling the effects. Some are laying off workers, while others are scrambling to find new markets.

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