Business and Economy

Business news

Robert F. Bukaty / AP Images

A federal judge in Pennsylvania is agreeing with Maine’s attorney general that the U.S. Postal Service should be barred from operational changes that earlier this year slowed down mail service and raised fears that presidential votes sent by mail might not be counted.

Wikimedia Commons

NANTUCKET, Mass. — The federal government is once again urging mariners to slow down off New England to help protect a rare species of whale.

Maine Lobster Business Salvaged Its Summer Despite Pandemic

Sep 27, 2020
Robert F. Bukaty / AP Images

Maine’s lobster fishermen braced for a difficult summer this year because of the coronavirus pandemic, but then the unexpected happened. They kept catching lobsters, and people kept buying them.

Pixelle Specialty Solutions has announced the layoffs of another 51 people at its paper mill in Jay.

Fred Bever / Maine Public

After years of fitful efforts to strengthen its status as a year-round recreation destination, rural, western Maine is having a moment.

Cable TV provider Spectrum allegedly underpaid nine towns in Cumberland County a total of more than $140,000 in franchise fee payments in 2017 and 2018. 

Maine officials say 1,401 people filed first-time claims for state unemployment benefits last week.  That's up 2% from the week before.

Mainers' personal income jumped by 41 percent in the April-to-June quarter, according to the federal Bureau of Economic Analysis.  The two main reasons:  federal stimulus spending and state unemployment benefits.

Flickr Creative Commons

If price is your goal, this may be a good time to sell a home in Maine. The Maine Association of Realtors is reporting that home prices this August jumped 17% over August one year ago.

Home Sale Prices In Maine Jump 17 Percent In August As Low Supply Persists

Sep 23, 2020
Steve Helber / Associated Press

Real estate sales in Maine continued to increase in August, marked by a low supply and mortgage rates plus an uptick in out-of-state buyers, according to data released Tuesday by the Maine Association of Realtors.

The U.S. Department of Agriculture has declared Aroostook County a Drought Disaster Area. That makes farm operators in Aroostook and its 4 contiguous counties eligible for low-interest emergency loans and other programs.

Shellfish and seaweed growers in Maine are in line for a new round of federal coronavirus relief funds. Secretary of Agriculture Sonny Perdue says the USDA is expanding the list of producers who can qualify for its Coronavirus Food Assistance Program to include aquaculture businesses nationwide.

Mail Delays Sharply Rose In Maine As Postal Service Pursued Savings, New Data Show

Sep 20, 2020
Robert F. Bukaty / AP Images

The share of one popular class of mail arriving at least a day late in Maine doubled for a time this summer as the U.S. Postal Service pursued cost-savings measures, though delays look to have subsided nationally after the agency halted heavily criticized changes.

Robert F. Bukaty / AP Images

Opponents of a 145-mile proposed transmission line through Western Maine are launching a second effort to let voters have a say on the project.

The unemployment rate in Maine dipped below 7% in August, but labor officials warned the jobs picture in the state has been erratic since the start of the pandemic.

The Maine Department of Labor reported on Friday that unemployment rate fell from 9.9% in July to 6.9% in August. The department says in a statement the decrease in unemployment "was partly from an increase in employment, but mostly from a decease in labor force participation."

Pages