Business and Economy

Business news

Nearly 70 years ago, planners first imagined a highway to speed travel from Portland to Westbrook.   Construction began in Westbrook in the 1970s, but the highway was never completed. Now, a new study suggests an old rail line could provide that high-speed link.

Nora Flaherty / Maine Public File

Dozens of properties have yet to comply with South Portland’s new short-term rental ordinance, seven months after the rules were put into effect.

Lori Valigra / Bangor Daily News

Public advocate Barry Hobbins addressed members of the Legislature’s Energy, Utilities and Technology Committee about CMP as the utility asks for a rate increase.

CONCORD, N.H. - Gas prices are down slightly in parts of northern New England.

Maine's Had A Slow Lobster Season So Far, But Price Is Steady

Jul 29, 2019
Robert F. Bukaty / Associated Press/via Bangor Daily News

PORTLAND, Maine — It's been a slow lobster season so far in Maine, but the lack of crustaceans isn't translating into high prices for consumers, and fishermen are still hopeful for a bump in catch this summer.

Here Are The Most And Least Affordable Places To Live In Maine

Jul 29, 2019
Credit: National Garden Clubs, Flickr/Creative Commons

East Boothbay in Maine's midcoast is the least affordable place to live in the state, according to a study released Wednesday. Vanceboro, bordering Canada in Down East Maine, was listed as the most affordable.

This Company Is The Only One Raising Salmon In Maine Right Now, As More Look To Join It

Jul 29, 2019
Nick Sambides Jr. / Bangor Daily News

With his high-backed chair and banks of keyboards, windows and video screens, Frank Lank could be in an air traffic control tower. Instead, he’s at sea watching fish swim inside netted pens in Machias Bay.

Maine Public File

The state is reporting some good fiscal news following the close of the budget year in June, including a revenue surplus and an increase in cash reserves.

After a four year hiatus, a mill in Old Town will soon be producing wood pulp again.

After Hiring 130 Workers, Reopening Old Town Mill Expects To Produce Pulp By August

Jul 26, 2019
Benjamin Underhill of Above Photography / via BDN

The new owner of the Old Town pulp mill has hired 130 workers and expects the reopened facility will begin producing pulp by the end of July, a major turnaround for a plant that shed nearly 200 jobs when it closed in 2015.

Gov. Janet Mills is attending the summer meeting of the National Governors Association in Salt Lake City, where she questioned workforce experts on how to encourage older workers to learn new skills.

After a slowdown in economic output at the end of last year, the federal government reported Thursday that Maine’s economic growth rebounded in the first quarter of this year.

Maine fishing regulators say they've approved a host of small tweaks to the rules about the state's fishery for sea urchins.

PORTLAND, Maine — Maine is one of 10 states that are receiving federal grants designed to improve the quality of data about the workforce.

Single-family home sales in Maine cooled off during the early part of the summer, though prices rose somewhat during the same time period.

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