business

Maine Public TV Air Time:
Thur., September 13 at 10:00 pm

Throughout the summer of 2014, a corporate food fight played out in dozens of communities impacting tens of thousands of workers and the economies of three states. When the faction of the Market Basket board headed by Arthur S. Demoulas fired his cousin and arch-rival Arthur T. Demoulas as long-time CEO of the successful supermarket chain, it set off a firestorm that sparked one of most unique corporate dramas in American history.

For the last month, about 60 workers at the Maine Military Authority in Limestone have been mentally preparing to enter the ranks of the unemployed while the state attempts to renegotiate a bus refurbishment contract with Massachusetts. Tomorrow was supposed to be the last day on the job for two-thirds of the workforce, but the employees have received a temporary reprieve.

John Longley (r.) removes sign on the eve of the store's closure.
Susan Sharon/MPBN

NORWAY, Maine — L. M. Longley and Son has been a mainstay on Main Street in Norway, Maine for 114 years; the hardware and plumbing business spanned three family generations, survived a fire that wiped out most of the downtown in 1894, served customers who couldn't always afford to pay their bills and stocked its shelves with items that couldn't be found anywhere else.

PORTLAND, Maine - A real estate investment trust that's selling more than a dozen ski resorts from Maine to California, including Sunday River in Newry and Sugarloaf in Carrabassett Valley, won't meet its deadline of completing the transaction by year's end.

CNL Lifestyle Properties, which is based in Orlando, Florida, has sold its senior housing portfolio, a dozen marinas, four attractions, and the Mount Washington Hotel and Bretton Woods ski area in New Hampshire.

Patriotic Millionaires YouTube advertisement in support of a higher minimum wage
Patriotic Millionaires Action Fund

A national group representing wealthy individuals has joined the debate over raising the minimum wage in Maine. The organization - called "Patriotic Millionaires" - began airing TV ads in the Portland area Thursday urging Mainers to vote in favor of a higher minimum wage.

This comes as residents of Portland vote on a proposal next week that would raise the minimum wage to $15 an hour.

SOUTH PORTLAND, Maine (AP) _ Republican Gov. Paul LePage's administration has revoked the city of South Portland's ``business friendly'' status because of a local ordinance that bans tar sands oil from being exported from the city's harbor.

SOUTH PORTLAND, Maine — Sales of single-family homes in Maine, along with the median sales price, were up modestly in July compared to the year before. The Maine Association of Realtors is reporting that Maine home sales saw a two percent increase last month. The median price increased 1.4 percent to $181,500.

Maine Association of Realtors President Angelia Levesque says it appears that the market is steadying.

ConAgra Grocery Products Co. LLC, a food giant that includes a wide range of products such as Chef Boyardee and Swiss Miss, is on the hook for environmental cleanup costs in South Paris.

ConAgra will pay the Environmental Protection Agency $5.7 million for efforts to remediate the old A.C. Lawrence Leather site in South Paris. Federal regulators say ConAgra is the successor to the defunct tannery through a complex series of corporate mergers.

Susan Sharon / MPBN

The South Portland City Council has voted to ban the export of Canadian tar-sands crude through the city, effectively ending any attempt to bring the crude from western Canada through a pipeline into the city. While there are no such plans in the work, Portland Pipeline Corporation Vice-President Tom Hardison spoke against the proposal.

Getting Down to Business on Climate Action panel discussion
Natural Resources Council of Maine

  The Natural Resources Council of Maine and the Portland Regional Chamber hosted a panel discussion about climate change focusing on how the regional climate initiative (RGGI) has impacted Maine businesses. Also discussed was the brand-new U.S. EPA carbon pollution standards that ask the rest of the country’s power plants to adopt the standards adhered to by Maine. The panel consisted of Senator Angus King (I-Maine); U.S.

Crowdfunding

Jun 30, 2014
Crowdfunding
forbes.com

 Kickstarter, indiegogie, gofundme and more, learn about the world of crowdfunding. Have you considered using a crowdfunding site to launch a business or fund your big idea? If so, how do you do it? How do you choose which projects to donate to? And how does a new Maine law change the crowdfunding landscape? We'll discuss the pros and cons of crowdfunding with experts and those who have "crowd-funded" successfully.

A Washington, D.C., consulting group says a less costly, less damaging dredging plan would still allow Searsport's Mack Point to accommodate larger tankers and cargo ships.

  The Isleboro Islands Trust opposes the U.S. Army Corps of Engineers' dredging plan for the channel off Searsport and hired the firm Dawson and Associates to research alternatives.

In its report, released today in Augusta, Dawson also calls for further environmental and economic study before any dredging is allowed to move forward.

Some southern Maine lobstermen are upset that a National Oceanic and Atmospheric Administration research vessel is inadvertently cutting their fishing lines and traps.

The Portsmouth Herald reports on Thursday that NOAA's ship is working off the York coast to map the depths for new nautical charts. Mike Sinclair, president of the York Lobstermen's Association, told the paper he estimates NOAA vessels have caused $25,000 in gear losses since 2009. The ships have worked off the York coast four times since then.

State of Maine

A long-awaited trial over mercury contamination in the southern end of Maine's second-largest river system got underway today in U.S. District Court in Bangor. A now defunct, Orrington-based chemical company dumped mercury into the Penobscot River years ago. The lawsuit, filed by the Maine People's Alliance and the Natural Resources Defense Council, asks the federal court to order Mallinckrodt US LLC to clean up contamination around the mouth of Penobscot Bay and along the river.

Patty Wight / MPBN

For decades, the best way to get good health insurance in the U.S. has been through the workplace. But with the Affordable Care Act's online marketplace, health insurance doesn't have to be tied to a job anymore. It's allowing some people to escape so-called "job lock" - saying with a job purely for the health benefits. And while critics of the ACA worry that the law will encourage companies to cut staff and hours to avoid insurance mandates, some Maine workers say new insurance options have freed them to pursue their career ambitions.

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