The automaker claims Prime Automotive Group’s parent company, GPB Capital Holdings, violated a franchise agreement when it fired former CEO David Rosenberg.
maine businesses
Posted inBusiness, Local & State, News
Idexx reportedly laying off workers in Wisconsin
The newspaper Wisconsin State Farmer reported that the Westbrook-based company plans to lay off more than 50 workers at two facilities.
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Posted inBusiness, Local & State, News
Maine veterinary startup receives $40 million investment
Rarebreed Veterinary Partners invests in and provides a variety of services to veterinary operations.
Posted inBusiness, Local & State, News
ImmuCell reports 25 percent revenue increase in 2019
The Portland-based animal health company still reported a $1.3 million net loss for the year.
Posted inBusiness, Local & State, News
CMP brings back former CEO in effort to regain public’s trust
David Flanagan will serve as executive chairman of the electric utility’s board of directors, and CMP President and CEO Doug Herling will report directly to him.
Posted inBusiness, Local & State, News
Public takeover of Maine’s electric utilities could bring higher rates, tax revenue losses
But the switch could lead to lower rates over 30 years, according to an analysis by independent consulting firm London Economics.
Posted inBusiness, Local & State, News
CMP shrugs off referendum, plans to start work on $1 billion transmission corridor
Central Maine Power, which needs 2 more permits for the power line, says it plans to begin construction this spring and has contracted with 3 Maine companies to provide wooden ‘mats’ it will use to move heavy equipment through the North Woods.
Posted inBusiness, Local & State, News, Politics
Report questions effectiveness of Maine tax incentive programs
Maine’s business equipment tax reimbursement and exemption programs are costly for municipalities and don’t appear to be effective at getting businesses to invest more in new equipment.
Posted inBusiness, Local & State, News
Maine public housing agencies to receive $9.5 million for upgrades
Almost 20 housing authorities were granted funds from the U.S. Department of Housing and Urban Development.
Posted inBusiness, Local & State, News
Portland jetport to receive $4.5 million grant for taxiway project
The funding was awarded through the U.S. Department of Transportation’s Airport Improvement Program.