The coronavirus produces a glut of unknowns for those trying to predict where the state’s economy will go from here.
Peter McGuire
Peter McGuire is a business reporter covering Maine trade, transportation and tourism. A proud native of the western Maine mountains, there is a good chance he’d rather be playing outside. Peter has covered local news for Maine newspapers in Oxford County, Brunswick, Waterville and Portland. He holds a bachelor’s degree in history from Dalhousie University in Halifax, Nova Scotia and a Master’s Degree in International Relations from Boston University. He lives in Biddeford with his wife Stephanie and brown rescue dog named Emmy Lou.
Posted inBusiness, Local & State
Maine grants $105 million to small employers; some say it’s not enough
About 2,300 organizations received funds as part of a state program to stabilize struggling businesses and nonprofits, but over 1,300 applications were denied.
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Posted inBusiness, Local & State
State predicts Maine will lose nearly 16,000 jobs by 2028
But a shrinking labor market could increase wages and productivity, and an upswing in migration to the state could ease job losses, according to a new state analysis.
Posted inBusiness, Local & State
Transportation business in Maine still running on empty, months into pandemic
Air, bus and rail passenger volumes are minuscule compared with last year as most consumers continue to avoid long-distance trips and mass transit.
Posted inBusiness, Local & State
New claims for unemployment aid remain elevated in Maine
More than 2,100 Mainers filed initial claims last week as the number of people receiving unemployment benefits remained stubbornly high.
Posted inBusiness, Local & State
Harold Alfond Foundation pledges $500 million to boost Maine economy
A series of massive donations that is intended to strengthen the state’s science and technology education includes major investments in Portland.
Posted inBusiness, Local & State
Maine construction industry remains strong amid economic downturn
The state fared better than other parts of the country, but what the future holds is uncertain.
Posted inBusiness, Local & State
More Maine businesses cited for pandemic-related violations
The state says the 24 ‘imminent health hazard’ citations it has issued to date are based on a lack of compliance and do not fluctuate with the prevalence of COVID-19.
Posted inBusiness, Local & State
Maine reports increase in residents filing new unemployment claims
The number of people filing initial claims for jobless benefits is heading back up after weeks of decline this summer.
Posted inBusiness, Local & State
Severe recession, without aid, could shrink Maine government revenue for years
Severe economic effects of the coronavirus pandemic could linger for years, based on a recent ‘stress test’ conducted by state analysts.