Federal opportunity zones give steep tax breaks to private investors who put money into poor areas, such as distressed paper mill towns in Maine and even sections of Portland, South Portland and Saco.
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
As businesses face a labor crunch, state pushes to build teen workforce
But advocates warn about the risk of exploitation and the downside of prioritizing work over education.
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Posted inBusiness, Local & State, News
Portland developers now own Falmouth Shopping Center tract seen as a potential ‘gold mine’
Poised for redevelopment, the Route 1 plaza and roughly 60 acres that sold for $21 million offers the partners, Joseph Soley and Jonathan Cohen, ‘a lot of value.’
Posted inBusiness, Local & State, News
By cracking down on unregistered rentals, Portland gets compliance with new rules
The city has notified hundreds of short-term rental operators that they must follow new city regulations or face stiff fines.
Posted inCookbook Reviews, Food
‘The Curry Guy’ helps you re-create favorite Indian restaurant dishes at home
But you’ll need a lot of ingredients, sub-recipes and time.
Posted inBusiness, Local & State
Portland’s shipping link helps Yarmouth firm import Finnish speedboats
East Coast Yacht Sales plans to bring in 60 uniquely designed Axopar vessels and be the exclusive retailer from Maine to Maryland.
Posted inLocal & State, News
Sarah Mildred Long Bridge finally opens for good
Crews finished construction work that temporarily closed the bridge to traffic last week.
Posted inBusiness, Local & State, News
Federal grant for $6 million will help Casco Bay Lines buy a new boat
The public ferry service plans to replace the Maqouit II and the Machigonne II, which more than 30 years old.
Posted inBusiness, Local & State, News
Ecomaine warns public it may start paying a price for sloppy recycling
It’s losing thousands of dollars on recycling mixed with other types of trash and urges people to be more careful with sorting to avoid hefty municipal penalties.
Posted inBusiness, Local & State, News
Gas prices rise to highest level in 4 years, just in time for summer travel in Maine
Prices are expected to level out near $3 per gallon, still well below 2014, when prices flirted with $4.