Wex, one of Maine’s largest tech firms, reported a drop in revenue and profits for the year, which it attributed largely to the coronavirus pandemic.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, Local & State
ImmuCell reports 2020 sales boost, new product update
The Portland-based animal health company reported a 12% increase in sales and progress on its efforts to earn regulatory approval for a new product called Re-Tain.
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Posted inBusiness, Local & State
More than 7,600 Maine employers approved for new pandemic aid
About $553 million in forgivable loans has been approved for Maine businesses under the Paycheck Protection Program’s current phase.
Posted inBusiness, Local & State
State regulator launches probe into future of Maine’s electric grid
The investigation comes after controversy over Central Maine Power’s estimated costs for connecting solar energy farms to the grid.
Posted inBusiness, Local & State
MaineHealth receives $12.8 million grant for rural health care research
It will use the funds, from the National Institutes of Health, to study ways to reduce the disparity in health care quality between urban and rural areas of the state.
Posted inBusiness, Local & State
New jobless claims continue to decline in Maine
About 2,700 Mainers filed or reopened a claim for state benefits in the second week of February, down from 2,800 a week earlier.
Posted inBusiness, Local & State
FocusMaine to expand statewide internship program under new name
The program, renamed Maine Career Compass, has served more than 2,000 students and over 80 employers across the state since it was launched in 2017.
Posted inBusiness, Local & State
Maine jobless claims dip slightly but remain high
The state received about 2,700 new or reopened claims for unemployment benefits last week, down slightly from 2,800 the week before.
Posted inBusiness, Local & State
MaineHealth names Virginia medical executive as its next CEO
Dr. Andrew T. Mueller of Virginia-based Centra Health will replace current CEO Bill Caron when he retires this spring.
Posted inBusiness, Local & State
Maine’s jobless rate holds steady at 5% in December
Still, labor economists say many unemployed residents are being misclassified, and that the state’s true jobless rate is likely above 10%.