Business and Economy

Business news

Susan Sharon / Maine Public file

Affordable housing is a problem throughout Maine, according to a recently released report from the Maine State Housing Authority.

Veronica Dunnells

Maine Christmas tree farmers are expecting high demand this season, which could cause tree shortages in some areas.

Caitlin Troutman / Maine Public

As many Mainers gather around loaded dinner tables for the most food-centric holiday of the year, others are unsure when their next meal may be.

Willis Ryder Arnold / Maine Public

The Central Maine and Quebec Railway is being purchased by Canadian Pacific. Central Maine and Quebec - the former Montreal, Maine and Atlantic Railway - consists of 400 miles of rail.  In Maine, it has lines from Millinocket and Searsport that converge at Brownville, then head westward into Quebec, towards Montreal, where it connects to Canadian Pacific lines. Canadian Pacific is excited by the purchase in part because it will get direct access to the deepwater port at Searsport.

Flickr Creative Commons

Citing challenges in the retail environment, New Jersey-based A.C. Moore has announced plans to close all 145 of its arts and crafts stores, including three in Maine. 

Bucksport Salmon Farm Receives The Last Permit It Needs To Start Building

Nov 26, 2019
Courtesy Whole Oceans / via Bangor Daily News

The company planning what could be New England’s first indoor Atlantic salmon farm in Bucksport received its final building permit Monday.

What The Sale Of Almost 400 Miles Of Train Track Will Mean For Maine

Nov 25, 2019

For more than six months, the Maine Department of Transportation’s director of freight knew that a large portion of train track that runs through Maine was going to change hands.

The State Revenue Forecasting Committee is increasing projected tax revenues by $75 million through the rest of the two year budget.

Pennsylvania Company Wants To Produce Truck Fuel From The Waste At An Old Town Landfill

Nov 24, 2019
John Clarke Russ / BDN

A young Pennsylvania company hopes to build a facility that would convert the methane generated at the Juniper Ridge Landfill in Old Town into a fuel that can power trucks and buses.

Taking a cue from Uber and Amazon, two Maine heating oil distributors are stepping up their game by letting consumers order quickly from their phones.

Caitlin Troutman / Maine Public File

A ratepayer advocacy group says 50 Central Maine Power customers embroiled in billing disputes have received disconnect notices.

Pat Wellenbach / Maine Public

A Dutch aquaculture firm is moving forward with plans to build a $110 million land-based project in Jonesport to raise yellowtail kingfish, which are native to New Zealand waters.

Robbie Feinberg / Maine Public

Students at the University of Maine Wednesday delivered a petition calling on the state's university system to support student workers.

Canadian Rail Giant Will Buy Bangor-Based Central Maine And Quebec Railway

Nov 21, 2019
Nathan Denette / The Canadian Press/via AP

A railway company that owns tracks stretching through much of Canada and parts of the northern U.S. will buy Bangor-based Central Maine and Quebec Railway by the end of the year, adding 481 miles of track in Quebec and Maine to its network.

Dutch Seafood Firm Plans To Build $110M Fish Production Site In Jonesport

Nov 21, 2019
Bill Trotter / Bangor Daily News

A Dutch aquaculture company plans to build a $110 million land-based fish aquaculture site in Jonesport, company officials said Wednesday.