Business and Economy

Business news

Robert F. Bukaty / Associated Press

The effort to knock back Chinese tariffs on American lobster appears to be gaining ground. On Monday, the Chinese government announced it would allow Chinese businesses to apply for a tariff exemption that would let them buy American lobster at a lower price.

BAR HARBOR, Maine - Seasonal ferry service between Maine and Nova Scotia is scheduled to resume this summer. Bay Ferries, the Canadian ferry company, says service is expected to begin by June 26.

Real estate sales for January 2020 are the highest they have been in 20 years, according to the Maine Association of Realtors.

A Portland-based start-up that owns and operates veterinary hospitals from eastern New York to Maine is looking to expand partnerships. Chief Executive Officer Dan Espinal says that in addition to buying a majority share in a practice, Rarebreed Veterinary Partners can offer sellers administrative support.

Fred Bever / Maine Public

Central Maine Power (CMP) is turning to an old hand in its efforts to prop up its sagging reputation. David Flanagan, the company's CEO in the 1990s, will take over again, as "executive chairman" of the company's board.

Acadia National Park

Acadia National Park is developing a reservation system for some of the park's most popular landmarks.

Robert F. Bukaty / AP File

A legislative committee is questioning the legality of a lease for state lands that Central Maine Power needs for its proposed transmission corridor through Western Maine. Lawmakers say the lease requires approval from two-thirds of the Legislature.

Maine Public File

Colby College is planning to open a new "arts collaborative" housing artists, galleries and other events in downtown Waterville by the end of the year.

Maine labor officials are seeking public comment on their latest plan to connect job seekers with education, training and employment in high-wage, in-demand jobs.

Snowmobilers Contributed $606 Million To Maine’s Economy Last Year

Feb 18, 2020
Ashley L. Conti / Bangor Daily News

The typical snowmobilers were older than they used to be, but helped inject $606 million into Maine’s economy last winter, according to the first economic study of the state’s snowmobile industry in 22 years.

Chuck Burton / AP File

The threat of climate change is forcing Maine to contemplate a future that relies increasingly on electricity: electricity to heat homes and cool them and to power vehicles. Recently, Efficiency Maine's Executive Director Michael Stoddard talked to legislators about a report that documents the need for that shift.

Stoddard joined Maine Public host Irwin Gratz to talk about this report.

The federal government is providing nearly $4.5 million for improvements at Maine's largest airport.

Republican Sen. Susan Collins says the Portland International Jetport has been awarded the money to construct a taxiway to provide runway access. The money is from the U.S. Department of Transportation's Airport Improvement Program. Collins said the airport is "an important gateway that connects our state to the rest of the world and supports economic growth and job creation."

A large downsizing of workers by online furnishings company Wayfair will put dozens of Maine residents out of a job.

The Bangor Daily News reports that on Thursday that Wayfair will lay off 55 people from its contact center in Brunswick and one from a similar center in Bangor. The company, based in Boston, opened those centers in 2016. Wayfair spokesperson Susan Frechette tells the BDN that the workers who will be laid off in Maine are members of special team led out of the company's Boston offices. The layoffs won't affect sales and service workers in Maine.

Plans For 8-story Jail In Downtown Bangor Met With Skepticism

Feb 12, 2020
WBRC Architects

A day after Penobscot County officials unveiled their proposal for a new county jail that would stand eight stories tall at the site of the former YMCA on Hammond Street, people who live, work and spend time in downtown Bangor had mixed views about how well such a structure would fit into the area.

Fred Bever / Maine Public

A Norway-based company's proposal to build a land-based salmon farm in Belfast has been the topic of heated debate in the midcoast city for two years. Now Nordic Aquafarms is entering a high-stakes phase of the project, as state regulators consider its permit requests.