Business and Economy

Business news

Closing On Saddleback Mountain Purchase Delayed Until 2020

Dec 20, 2019
Courtesy of Saddleback / via Bangor Daily News

The expected sale of Saddleback Mountain, which was expected to close Dec. 23, has been extended until January, the buyers said.

Marine Resources Commissioner Patrick Keliher Thursday gave final approval to lease 35 acres in Brunswick's Maquoit Bay for a controversial shellfish farm.

The commissioner of Maine’s Department of Marine Resources, Patrick Keliher, gave final approval on Thursday to lease 35 acres in Brunswick’s Maquoit Bay for a controversial shellfish farm.

Fred Bever / Maine Public

Two national companies that operate natural gas plants in Maine are stepping into the fight over Central Maine Power’s power line proposal for western Maine. They’ve created a new political action committee supporting a potential ballot item aimed at killing the CMP project.

The federal government has decided to allow fishermen to renew permits online, and is encouraging them to use the system.

Ben Margot / Associated Press

A coalition of a dozen states released a draft agreement on Tuesday for a cap-and-trade program supporters say could drive down greenhouse gas emissions from cars and trucks, while producing billions of dollars for participating states. But opponents say the Transportation Climate Initiative depends on a regressive gas tax that will hurt rural residents in particular. And the question of whether Maine Gov. Janet Mills will sign on is still open.

Robbie Feinberg / Maine Public

Hemp producers from across Maine are asking the federal government to reconsider portions of draft rules governing their industry.

Richard Vogel / Associated Press

A Kennebunk lab that tests marijuana in Maine and New Hampshire has become the first to apply for state certification to test marijuana for Maine’s legal recreational market.

Robert F. Bukaty / AP File

The good times of heavy shellfish hauls for the American scallop fishing industry are likely to continue into next year, though prices could rise for seafood lovers.

Dozens Apply To Open Marijuana Businesses In Now-legal Maine

Dec 14, 2019
John Locher / AP File

The first week of applications to open marijuana businesses in Maine has been busy, with dozens of prospective businesses lining up to sell, grow or make edible products with the newly legal drug.

Robert F. Bukaty / AP

Hydro-Quebec, the Canadian energy company poised to supply hydropower to a proposed transmission line through western Maine, is joining a campaign to defeat a referendum that could scuttle the $1 billion project at the ballot box next year.

AUGUSTA, Maine - The Maine Department of Labor's reminding workers and employers that a suite of changes to state and federal minimum wage and overtime laws is coming in less than three weeks.

Emera Maine

The electric utility Emera Maine and its would-be Canadian buyer Enmax are proposing millions of dollars in rate relief for customers — if the deal goes through. But some state lawmakers are calling on regulators to take their time setting terms for the $1.2 billion deal.

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.

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.

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