But the officials who decide how to invest the retirement funds of Maine’s government employees said fully divesting from fossil fuel companies would violate their constitutional duty.
Kay Neufeld
Staff Writer
Kay Neufeld is a business reporter with the Portland Press Herald, covering labor, unions and Maine's workforce; lobstering, fisheries and the working waterfront. They also love telling stories that illustrate the vibrant culture that makes Maine and its Mainers so special. They previously worked at the Camden Herald, Franklin Journal and the Bangor Daily News, covering local communities. Kay grew up in New York and graduated from New York University's Arthur L. Carter Journalism Institute in 2018. They spontaneously moved to Maine in 2020 after visiting on vacation, searching for housing on Craigslist in the middle of their trip and asking their mother to ship their belongings to the Midcoast. In their spare time, Kay loves taking their miniature dachshund on miniature hikes, passionately defending Beyoncé's artistry and playing the fiddle with friends.
Posted inBusiness, Local & State, Schools and Education
St. Joseph’s College lays off 10 employees
No teaching positions were eliminated, according to college President Joseph Cassidy.
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Posted inBusiness, Local & State, Nation & World
Bill would allow Maine’s federal workers to take out interest-free loans during shutdowns
The legislation would provide a safety net for federal employees, who miss out on paychecks during government shutdowns. And it comes at a time when employees at the Portsmouth Naval Shipyard in Kittery are again under threat.
Posted inBusiness, Local & State
Competitive Maine elver fishing lottery offers most licenses since 2013
Sixteen people will gain entry in this year’s intense bid for one of the most lucrative fish stocks in the state, but the success rate is still very low.
Posted inBusiness
Value of Maine lobster fishery rebounds in 2023 despite smallest catch in 15 years
Lobstermen brought in $464 million last year, a nearly 20% jump from 2022 that was propelled by a dockside price of $4.95 per pound, the second highest on record.
Posted inBusiness, Local & State
Bar Harbor can place a daily limit on cruise ship passengers, federal judge rules
The ruling gives the town a green light to enforce an ordinance approved by town residents that limits cruise ship passenger visits to 1,000 a day.
Posted inBusiness, Local & State
Fidium parent company laying off nearly quarter of customer service staff in Maine
The cutting of 12 jobs at Consolidated Communications continues what union and congressional leaders have called a ‘troubling’ trend at Maine’s largest telecommunications company.
Posted inLocal & State
Maine unveils new license plate with natural-looking pine tree
The change was spurred by concerns that Maine’s older chickadee plates have deteriorated beyond the point of recognition and pose safety risks.
Posted inBusiness, Local & State
While Maine home prices continue to rise and inventory continues to fall, those trends are slowing
Data from Maine Listings shows the median sales price of a single-family home hit $353,000 in January, up 8.6% from $325,000 in January 2023.
Posted inLocal & State, News
Portland-based nonprofit has sent $5 million of medical supplies to Ukraine
Partners for World Health repurposes unused medical supplies that would otherwise be thrown away from New England health care facilities, manufacturers and individuals.