Nearly 5,000 Mainers have claimed unemployment since Sunday, putting Maine on track to surpass the highest weekly total since the Great Recession.
economy
Posted inBusiness, Local & State, News
As virus spreads, Maine’s economy struggles
From falling stock prices to canceled orders and disappearing customers, the state’s businesses are taking a big hit.
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Posted inEditorials, Opinion
Our View: Action needed to slow virus’ rapid spread
Social distancing is the best way to protect public health, even if it’s bad for the economy.
Posted inBusiness, Local & State, News
Small businesses ask Gov. Mills for financial relief amid crisis
Restaurants, bars and breweries are among companies asking the governor to consider more steps to help the state’s hard-hit service industries.
Posted inBusiness, Local & State, News, Politics
Bill to increase Maine overtime protections fails to win lawmakers’ support
The bill would increase the threshold for salaried workers in the state to earn overtime pay, but lawmakers said it would burden businesses in an uncertain economy.
Posted inBusiness, Local & State, News
Developers revive plans for cold-storage facility on Portland waterfront
A consortium of private companies plans to build a freezer warehouse for $25 million to $30 million to expand Maine’s only shipping container terminal.
Posted inBusiness, Nation & World, News
Clock is ticking for businesses that depend on Chinese imports
If the lockdown continues for the next few weeks, Western retailers, auto companies and manufacturers will start to run out of the goods they depend on.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Trump is following through on a well-founded economic plan
His rough edges are part of the package, and he deserves four more years to pursue his vision.
Posted inBusiness, Local & State
Economic gaps underscore perception of 2 Maines
Cumberland and York counties account for nearly 50 percent of the state’s GDP, a new report finds.
Posted inOp-eds, Opinion
Commentary: The free world needs Boris Johnson, Tories to win Thursday
The British prime minister is committed to free markets and maintaining the military.