Business and Economy

Business news

Bowdoin College in Brunswick has announced plans to increase its minimum starting wage for employees in phases, to $17 an hour in 2022.

"Say NO to 145-mile CMP transmission line through Maine" via Facebook

Central Maine Power is gearing up to beat back a potential referendum on its controversial power line through western Maine.

Lease Agreement For Submerged Land Brings Bucksport Salmon Farm Closer To Construction

Oct 21, 2019
Nick Sambides Jr. / Bangor Daily News

Whole Oceans has leased submerged land along the Penobscot River and put itself a step closer to starting construction on its $180 million Atlantic salmon farm in Bucksport.

ELLSWORTH, Maine - Maine is holding lotteries for licenses to participate in one of the most lucrative fisheries in the state.

Opponents of Central Maine Power's plan to build a major new power line through western Maine got the green light Friday to gather signatures for a statewide ballot question that could kill the project, which is formally known as the New England Clean Energy Connect. 

Aquaculture, Lobstering Tussle Headed To Maine State House

Oct 18, 2019

PORTLAND, Maine - A proposed change to the law in Maine would make it more difficult to establish aquaculture operations at a time when the state's fish and shellfish farming business is growing.

Robert F. Bukaty / AP File

Cooke Aquaculture has agreed to pay more than $150,000 to the state as part of an agreement to resolve violations found at multiple net pen sites across Maine.

Campobello Whale Rescue

Maine's Marine Resources commissioner is proposing new lobstering rules that he says will protect the endangered North Atlantic right whale from extinction while minimizing economic and safety risks for fishermen. The state plan marks a significant departure from a federal proposal.

Maine's life science sector, which includes companies such as IDEXX and Jackson Laboratory, has grown by 14% in the past five years, according to a new report from the Bioscience Association of Maine. 

Willis Ryder Arnold / Maine Public

On a gray fall day at Goranson’s Farm in Dresden, Carl Johanson evaluates a crop of soon-to-be harvested cabbage, lettuce and spinach, reflecting on the two year effort to comply with the Food Safety Modernization Act, or FSMA.

Robbie Feinberg / Maine Public

As Colby College continues to purchase and develop new building projects in downtown Waterville, officials are touting a new report which indicates that the private college has generated more than $1 billion in economic activity in the Waterville region over the past five years.

Robert F. Bukaty / Associated Press

Canadian officials have confirmed that there will be no Cat Ferry service between Bar Harbor, Maine and Yarmouth, Nova Scotia this year, according to CBC News.

PORTLAND, Maine - Policy changes and public financing have produced more housing in Portland, Maine, however prices remain unaffordable to some city residents.

WATERVILLE, Maine - Colby College's president is planning to present findings of an independent study about the economic impact of the college on the community and the state.

Previously undisclosed documents are calling attention to an essential question about Central Maine Power’s preferred route for its 141-mile power line through Maine’s western woods: Does the lease of state lands along the route require approval by two-thirds of the Legislature?