Business and Economy

Business news

Nora Flaherty / Maine Public

Cities and towns all over Maine are trying to figure out how to deal with a proliferation of short-term vacation rentals, like Airbnbs.

A.J. Higgins / Maine Public

PORTLAND, Maine - A Canadian specialty foods company is acquiring one of the biggest names in Maine lobster.

2 New Seafood Processing Businesses Are Moving To Bucksport

Sep 5, 2018
Nick Sambides Jr. / Bangor Daily News

BUCKSPORT, Maine — Richard Rotella wouldn’t mind if seafood became the town’s marquee industry. Two seafood processing facilities are opening at the town’s industrial park that promise to create about 60 jobs.

Willis Ryder Arnold / Maine Public

Approximately 100 business owners, health care workers, immigrant leaders and organizers rallied in Portland Monday morning — Labor Day — in support of a campaign for earned paid sick time.

Courtesy Bay Ferries

Canadian officials today announced they'll spend nearly $10 million to improve the Yarmouth, Nova Scotia ferry terminal.  The Yarmouth terminal is the landing point for The Cat ferry service out of Portland, Maine.

Despite Popularity Of 'Superfoods' Maine's Wild Blueberry Industry In Decline

Sep 4, 2018
Robert F. Bukaty / Associated Press

DEBLOIS, Maine - The Maine wild blueberry industry is locked in a downward skid in an era when "superfoods'' dominate the conversation about how to eat.

Maine's biggest city has begun charging other municipalities for the cost of housing homeless people from all over.

State Agriculture officials say they've received additional federal money to provide $50 worth of free fruits and vegetables to an additional 1000 low income Maine seniors. The produce is provided by participating local farms.

BIW Workers Replace Stealthy Destroyer's 15-Ton Turbine

Aug 31, 2018

BATH, Maine - Maine shipbuilder Bath Iron Works has replaced one of the massive turbines on the future USS Michael Monsoor, and the ship is scheduled to depart for San Diego in November.

PORTLAND, Maine - A Portland-based tidal energy startup is attempting to secure $12 million in private investments, even though venture funds are favoring other energy projects.
Ocean Renewable Power Co. says it will use the funding to set up improved versions of its underwater turbines. The Portland Press Herald reports Ocean Power has developed a sustainable technology that allows underwater turbines to generate electricity from river and ocean tidal forces.

Maine Public

The Maine Ethics Commission voted unanimously Wednesday to approve the 80 percent reduction of a $500,000 penalty against two backers of last year's failed casino referendum.

Maine Farmers Losing Crops In The Field As Farmhand Jobs Go Unfilled

Aug 30, 2018
Gabor Degre / Bangor Daily News

Late August is harvest crunch time for many Maine farmers, including Jim Buckle of Buckle Farm in Unity. Right now, the lush fields at the farm he and his fiancee Hannah Rose Hamilton run are awash in ripening organic produce, including tomatoes, onions, cantaloupe, lettuce mixes, baby turnips, carrots, beets, mixed herbs and potatoes.

Members of Maine's newspaper industry are lauding Wednesday’s announcement by the International Trade Commission, stating that tariffs imposed on Canadian newsprint paper will be relaxed.

US Commission Rejects Alleged Harm From Canadian Newsprint

Aug 29, 2018

WASHINGTON - The U.S. International Trade Commission has nullified the tariffs put into place for imported newsprint by finding American producers weren't harmed by imports from Canadian paper mills.

Airbnb says usage is way up this summer season compared to last.