Reopening too aggressively leads to outbreaks that require reimposition of public health measures, further restricting consumer confidence.
maine economy
Posted inBusiness, Local & State, News
Pandemic relief flows to Maine’s lobster supply chain
A sprawling network of dealers, retailers and processors in the state received at least $9.2 million in federal Paycheck Protection Program loans.
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Posted inBusiness, Local & State, News
Maine unemployment rate dipped below 7% in June
The rate fell from 9.3% in May to 6.6% in June as a tepid economic recovery added about 19,000 jobs. But a state economist warns that the unemployment rate doesn’t fully capture the scope of job losses.
Posted inBusiness, Local & State, News
Maine unemployment claims increase after weeks of decline
The number of Mainers who filed initial claims last week increased by more than 60% from the previous week, to 4,400.
Posted inBusiness, Local & State, News
Mills’ economic recovery committee calls for $1.1 billion investment
Leaders of the Governor’s Economic Recovery Committee say any recovery plan for Maine must work in concert with protecting public health.
Posted inBusiness, Local & State, News
Low-income Mainers barely hanging on to keep paying rent, research shows
Some are falling behind on other bills, using food pantries or relying on federal and state assistance, which experts say is not sustainable with financial aid programs set to expire.
Posted inBusiness, Local & State, News
Maine workers, labor groups warn of widespread suffering unless federal jobless aid is extended
The added $600-per-week benefit has saved thousands of Maine households from poverty, but it is due to expire soon, which could create economic calamity, advocates warn.
Posted inOp-eds, Opinion
Commentary: Better broadband access is mission critical for Maine’s economy
Vote ‘yes’ on 1 to put millions of dollars to work creating jobs, supporting students and helping businesses rebound and grow.
Posted inBusiness, Local & State, News
Jobless aid tops $1 billion in Maine as laid-off workers prepare to resume job searches
More than 87,000 weekly unemployment claims were paid out last week, as the state prepares to require claimants to start looking for work.
Posted inBusiness, Local & State, News
Top PPP recipients in Maine
The following 19 organizations in Maine each received a forgivable loan of between $5 million and $10 million through the federal Paycheck Protection Program. • Alcom LLC • Berry Dunn McNeil & Parker Inc. • Continuum Health Services Inc. • Darling’s • Somic America Inc. • Spectrum Health Care Partners P.A. • Baker Newman & […]