Business and Economy

Business news

Animal Health Care Company Says Portland Expansion Will Add 1,000 Jobs

Sep 27, 2018
Courtesy Vets First Choice / via Bangor Daily News

An animal health care company received city approval Tuesday to build a new $20 million headquarters in downtown Portland.

Willis Ryder Arnold / Maine Public

A day after fishing regulators adopted strict new measures to prevent herring stocks from collapsing, some New England fishermen say they fear for their own survival.

There is some good economic news for Maine. State revenues are coming in above estimates, and Maine's wage growth is the highest in New England.

Robert F. Bukaty / Maine Public

Gov. Paul LePage has signed legislation that supporters say is aimed at protecting seniors in municipal foreclosures for the non-payment of taxes. But LePage is critical of the bill, and he says he signed it only because it was better than nothing.

Mal Leary / Maine Public

Representatives from Maine’s wood products industry unveiled their plan on Tuesday to grow the state’s forest economy by more than $3 billion over the next seven years. The Forest Opportunity Roadmap is an ambitious plan that relies on innovation and technology.

A new report finds that 85 percent of children in Maine with young parents live in low-income households.

BREWER, Maine - One of the largest health care systems in Maine is rebranding. Eastern Maine Healthcare Systems says the system and member organizations that are affiliated with it are becoming Northern Light Health.

Pat Wellenbach / AP Photo

A new study by the progressive Maine Center for Economic Policy suggests that an estimated 10,000 Maine children are no longer living in poverty because of an increase in the state’s minimum wage.

Charlotte Gill

Charlotte’s Legendary Lobster Pound in Southwest Harbor has lived up to its name this past week after a story, first reported in the Mount Desert Islander, circulated on the internet. That’s because owner Charlotte Gill has come up with a process to get lobsters high before they die. She is convinced that a small dose of cannabis can help calm crustaceans before they’re cooked in a traditional lobster pot.

SACO, Maine - A Maine seafood company has obtained the final permit to develop the largest lobster processing operation in the state.

ROCKLAND, Maine - Members of Maine's lobster industry are looking to shift their focus to growing domestic markets as new tariffs make it more difficult to sell to foreign buyers such as China.

Abukar Adan / Maine Public/file

State regulators say the response by Maine’s major electric utilities to last October’s windstorm was reasonable, after investigating the utilities’ reaction to the storm, which left as many as 467,000 customers without power.

Courtesy Bay Ferries

The CAT Ferry carried more than 18,000 passengers between Portland and Yarmouth, Nova Scotia, last month, according to Portland city officials.

The federal government is out with new figures showing how fast Maine's metropolitan area economies grew in 2017. 

University of Maine System Trustees have approved a new degree program at the Presque Isle campus, which they say is designed to meet the need for highly qualified agriculture and agribusiness professionals.