Business and Economy

Business news

ROBERT F. BUKATY / AP FILE

New research suggests that the U.S. lobster industry could place fewer traps in the water and still gain just as much profit. And that finding could play a role in the debate over what should be required of Maine lobstermen to reduce entanglements with endangered North Atlantic right whales.

The Gorham-based manufacturer Flowfold has landed a state contract to produce 500,000 medical face shields.

Elise Amendola / AP Images

Included in the federal government's array of pandemic relief aid programs is an automatic pause – or forbearance – on federal student loans.

Susan Sharon / Maine Public

Citing a spike in COVID-19 cases and hospitalizations, Gov. Janet Mills announced Wednesday that she is postponing the reopening of indoor restaurant service in the state's three most populous counties.

Rebecca Conley / Maine Public

Beaches in the towns of Scarborough and Old Orchard Beach will be open for recreation Wednesday. That is a change from a walking-only rule the towns had put into place to help prevent the spread of COVID-19.

Caitlin Troutman / Maine Public

The Maine Department of Labor has identified and cancelled some 2,200 unemployment claims determined to be fraudulent. 

BOSTON — Federal regulators say scallop fishing off New England will be subject to limitations for about the next 10 months.

An effort to fill 1000 production and manufacturing jobs in Southern Maine continues amid a time of record unemployment —10.6 percent in the month of April.

Maine Public File

Gov. Janet Mills is allowing campgrounds to reopen this weekend , but some operators say they are not quite ready.

Nick Woodward / Maine Public

About 60 percent of the potatoes produced in Maine and around the country are grown to supply the food service industries. But with everything from school cafeterias to sports concessions to in-flight meals canceled, potato farmers are facing uncertain times in what is already an uncertain business. And many say that they are discouraged by what they are being offered by the United States Department of Agriculture (USDA) in a federal aid package.

Kevin Bennett / For Maine Public

Data from the Small Business Administration show that since the start of the pandemic, more than 25,000 loans have been approved for small businesses in Maine, and almost 90 percent of applicants have received the funds. But some are wary of taking on more debt while their businesses are ordered closed.

Keith Srakocic / AP File

Routine appointments for health care came to a halt in March, when Mainers hunkered down at home as the state braced for a possible surge of the coronavirus. The sudden drop in patients hit independent physicians especially hard, who saw steep declines in revenue. Now as the state reopens, some of these doctors say they are starting to emerge, but their future is still tenuous.

Robbie Feinberg / Maine Public

Along Maine's border with Canada, communities on either side are closely connected, historically, culturally, economically. But the COVID-19 pandemic has temporarily severed that connection, as the governments of the two countries have suspended nonessential travel along the border.

State labor officials say the unemployment rate in Maine is likely higher than the official number because of several factors related to the COVID-19 pandemic.

Stop the Corridor

The state's ethics Commission Friday broadened its investigation of a dark-money group that has been working against Central Maine Power's proposed powerline through western Maine.

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