Business and Economy

Business news

Robert F. Bukaty / Associated Press

As Postmaster General Louis DeJoy calls for reform, postal workers in Maine and around the country held a day of action on Tuesday to protest recent changes they say have delayed the mail and threatened an American institution.

Robert F. Bukaty / Associated Press

Portland employers face a costly dilemma in a dispute over the effective date of a “hazard-pay” boost in the city’s minimum wage. And rather than risk an expensive legal fight they might lose, some are already deciding to pare back staff or hike prices for customers.

Robert F. Bukaty / Associated Press

Portland businesses say it’s not clear whether a voter-approved minimum wage ordinance will require them to offer minimum “hazard pay” of $18 an hour for in-person workers starting next month.

Black Owned Maine via Allagash Brewing

A Maine brewery putting its skills towards supporting racial equity and justice in the state.

Portland Mayor Kate Snyder says the city’s new wage law and its additional hazard pay provision for workers in times of emergency — such as COVID-19 — won’t go into effect until Jan. 2022.

Robert F. Bukaty / Associated Press file

As COVID-19 cases continue to rise in Maine, the short-term rental company Airbnb says Bar Harbor is a top trending destination for those looking to travel over the Thanksgiving holiday.

More Mainers applied for state unemployment benefits last week.

Robert F. Bukaty / Associated Press

The U.S. Army Corps of Engineers has awarded Central Maine Power a permit for the controversial transmission line the company wants to build through Maine’s western woods.

The 145-mile line would carry hydro-electricity from Canadian dams through western Maine and into the regional power grid, to serve a contract with Massachusetts utilities. The corps permit requires mitigation for wetland and other ecological impacts, and it is one of the last approvals the project needs.

Robert F. Bukaty / Associated Press file

Industry groups say that some bars and tasting rooms in Maine may not be able to survive, as many must continue to stay closed while COVID-19 numbers surge in the state.

Robert F. Bukaty / Associated Press

Union officials at Rumford's ND Paper Mill are concerned about a new restructuring plan that they say could lead to hundreds of layoffs.

PORTLAND, Maine — A Maine research company has announced a partnership with a New Hampshire wholesale energy supplier to produce and market a patented zero-emission biofuel.

First-time claims for state unemployment benefits rose last week, after falling the previous two weeks.

Maine’s red-hot real estate market got a little hotter last month. The latest data from the Maine Association of Realtors show the median sale price of a home rose nearly 20 percent over Sept. 2019 levels, to more than $270,000.

So far this budget year, Maine state revenues have been above estimates that were made after the pandemic forced many business closures. But state Labor Department economists warn that the federal stimulus programs that pumped billions into the state economy are almost exhausted.

Jay Field / Maine Public file

The New Balance factory in Skowhegan has been evacuated due to a hazardous materials incident.