Maine home sales fell again in July even as prices remain high
There were 1,691 home sales across the state from July 1-31, a more than 15 percent fall from the same time last year.
Coronavirus’ impact on Maine’s economy
NATIONAL BUSINESS
CMP meets with immediate pushback after proposing new rate hike
If approved, the average CMP customer would see their monthly bill go up $10 after three years.
Fed tax bill aimed at making electric vehicles more affordable may have opposite effect
It still isn’t clear to what degree the limitations the Inflation Reduction Act imposes might affect sales of electric vehicles.
Chipotle accused of blacklisting Maine workers who backed union
It’s the latest accusation of anti-union activities leveled against Chipotle since the workers sought to form an independent union in June.
Maine livestock owners could face hay shortage due to drought
If the drought conditions persist, livestock owners will see the price of hay likely go up as demand increases.
Maine junk shop sells to marijuana store in sign of a changing Route 1
Ed’s Stuff included more than 1,700 square feet of “recycled goods, old and very old, and if I don’t have it, you don’t need it.”
Blue Hill has a new late-night hangout spot
With a menu of rotating cocktails, local beers and wine, Jill Clendenen hopes to give people a place to socialize when most places on the peninsula have closed.
JPMorgan’s Jamie Dimon tours Maine as bank announces expansion
The leader of the global company, which plans to add two branches to the existing four in Maine by 2025, has been described as “America’s least-hated banker.”
Versant proposes $10 rate increase starting next summer
Versant Power cited maintenance and upgrades, technology investments and labor market pressures as reasons for the proposal.
Maine among top states where homeowners are quickly building wealth
The numbers reflect the upside of the hot real estate market in Maine, where prices continued to rise to a median of $360,825 in June.
Fewer poor Mainers went without insurance after Medicaid expansion
In the first year after Medicaid expansion, the number of uninsured, low-income Mainers fell 5 percent.
Portland’s offices are expected to continue emptying in the next 2 years
Many companies are reassessing office space as more employees have been working from home since the pandemic started.
Average price of recreational marijuana continues to fall in Maine
The average retail sale price per gram has fallen. In 2020, it cost $15.83. This year, it’s down to $10.29, according to state data.
Epic Sports in downtown Bangor to close this fall after 25 years in business
Epic Sports, located at 6 Central St., will have its last day of business sometime in late September or early October.
Maine restaurants and hotels see big recovery despite staffing shortages
But some restaurants may close temporarily or completely because they still are struggling to get enough staff to stay open for full hours.
Higher performance standards coming to Maine utilities
The new rules also require the utilities to report to customers and regulators about performance metrics.
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