Business and Economy

Business news

Robert F. Bukaty / AP File

A new task force will convene for the first time Thursday to consider how and where to lease potentially vast swathes of the Gulf of Maine to offshore wind-energy developers. The outcome could have big consequences for Maine's fishing industry, and for the state's role in the next wave of renewable energy development.

JASON DECROW / AP FIle

Democratic Gov. Janet Mills is proposing a set of economic development goals for the state over the next decade, and many of the goals are familiar.

Flickr

Maine's Attorney General Aaron Frey is joining his counterparts in 17 other states and the District of Columbia in opposing a new U.S. Department of Labor rule that would change how tipped workers hourly pay is determined.

PORTLAND, Maine - New England's shrimp fishing industry will remain shut down next year and likely beyond.

RANGELEY, Maine - The Boston-based group that wants to revive the idled Saddleback ski area needs to line up $2 million ahead of a deadline for closing the deal on Dec. 23.

Our Power, Their Pain: CMP's Timeline Woes

Dec 8, 2019

Despite years of permitting delays and hundreds of millions in unanticipated expenses, the proposed Central Maine Power transmission corridor is on-schedule and on-budget, according to the company.

The Maine Public Utilities Commission announced Friday that it will conclude both its investigation into Central Maine Power’s (CMP) metering and billing practices and its deliberations of the company’s proposed rate changes by the end of January.

STEPHAN SAVOIA / AP File

Maine’s congressional delegation wants more information from the federal government before ocean managers release a new plan designed to protect endangered whales.

Robbie Feinberg / Maine Public

Opponents of Central Maine Power's proposed 145-mile transmission line are calling on the U.S. Army Corps of Engineers to conduct an in-depth environmental review of the project.

JONESPORT, Maine - A Dutch firm's proposal to build a fish farm in Maine would make it the first in the country to cultivate yellowtail on a commercial scale.

LEWISTON, Maine - A Maine company will receive more than $4 million to speed up development of products for the U.S. Department of Defense.

Erik Fenderson / Wikimedia Commons

State agriculture officials have sent a letter to the United States Department of Agriculture (USDA) expressing concerns that parts of the long-awaited federal hemp rule are too restrictive and could slow the growth of Maine's hemp industry.

Robert F. Bukaty / AP File

Central Maine Power's corporate parent has agreed to pay a $450,000 fine levied by a nonprofit that helps set standards for the nation's power grid.

TROY R. BENNETT / BDN File

The Maine State Housing Authority has awarded nearly $4 million in federal tax credits to affordable housing projects in the state.

SOUTH PORTLAND, Maine - Maine will start accepting marijuana business licenses this month, but the market is already closed in some communities.

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