Inventories are down as a result of factory shutdowns in the spring caused by the coronavirus pandemic.
maine businesses
Posted inBusiness, Local & State
‘Viral marketing’ takes on new definition as pandemic alters ad campaigns
The pandemic forced businesses throughout Maine to consider the way they had been marketing themselves, and whether they needed to adapt to a changed world.
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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.
Posted inFood
Where’s the beef? Right here in Portland
Beef sandwiches inspired by classics in other American cities are filling a niche in Portland’s food scene.
Posted inBusiness, Local & State
Continuing jobless claims decline further in Maine
Even as the number of Mainers seeking continued weekly jobless aid falls, thousands more people are filing new claims for benefits.
Posted inBusiness, People on the Move
Ruth Martin named vice president at Katahdin Trust
NEW HIRES Ruth Martin has joined Katahdin Trust as vice president of retail services and branch manager. Martin will be responsible for retail lending, business development and the daily management of the Scarborough branch. Martin has over 25 years of banking experience, including time with Home Savings of America in Florida, and Bank of America […]
Posted inBusiness, Local & State
Cumberland County launches forgivable loan program for small businesses
Businesses with 25 or fewer employees can access forgivable loans of up to $10,000 to retain or hire workers, and very small companies can access $5,000 to fund operations.
Posted inBusiness, Local & State
Spectrum owes over $142,000 to southern Maine towns, audit alleges
The cable internet and TV provider underpaid fees to 9 Cumberland County towns in 2017 and 2018, according to an audit commissioned by the municipalities.
Posted inBusiness, Local & State
Maine home prices up 17% as sales to out-of-state buyers increase
Tight inventory and historically low interest rates continued to push Maine home prices upward in August.
Posted inBusiness, Local & State
Maine emergency grant program extended to more businesses
Companies with up to 250 workers are among those now eligible for $95 million in grants to sustain local economies through the downturn.