Maine fishermen welcome higher quotas for affordable lobster bait
Fishermen lobbied for a higher quota, as menhaden, commonly known as pogies, have become abundant off the Gulf of Maine.
Coronavirus’ impact on Maine’s economy
NATIONAL BUSINESS
Whole Foods will stop buying Maine lobster
Whole Foods will resume buying Maine lobster when the fishery regains its sustainability certificate or loses its red-listing.
Little-known mortgage could make homebuying more affordable
Known as a mortgage buydown, it typically involves a cash payment from the seller that lowers the borrower’s interest rate.
Baileyville millworkers call for higher wages to keep up with inflation
Workers at the Woodland Pulp mill in Baileyville are calling on the company to offer higher wages ahead of their next round of negotiations later this month.
Maine home prices are rising more slowly
The price for an existing single-family home rose 7.79 percent in October, bringing the median sales price across the state to $332,000.
Jobs in Maine increase to all-time high
The numbers show a large gain and strengthening workforce conditions compared with a very sharp loss in April 2020.
Maine backtracks on guidance for medical marijuana sales
Attorney General Aaron Frey said the guidance around the sale of pre-rolled products is ambiguous, and won’t be enforced.
Public advocate negotiates better rates for Summit Natural Gas customers
As part of the agreement, Summit shareholders would pick up some of the cost of the company’s investment in Maine.
CMP customers to see $29 hike in average monthly rates
The new rate is up $29 a month for CMP’s average residential customer.
Economic leaders call on Maine policymakers to address worker shortage, energy costs
The priorities were part of the Maine Economic Growth Council’s annual Measures of Growth progress report.
The Maine projects getting nearly $1 billion in federal infrastructure funding
More than 80 Maine projects will receive federal funding under the Infrastructure Investment and Jobs Act.
Versant Power customers to see 40 percent hike in supply rate
That follows last year’s decision from the utilities commission to approve an 89 percent increase in the standard offer rate for Versant customers.
Mainers will get less heating aid this winter
Low-income Mainers will get about half the amount of heating assistance this year at a time when fuel prices have sharply risen.
A Chicago entrepreneur wants to revive a rural Maine town’s defunct mill
A former sawmill in Bingham is being eyed for the development of a plywood factory that could employ up to 100 people.
Homebuyers are drawn to Maine to flee Boston’s high prices
Portland prices may seem high within Maine, but buyers from more expensive areas, like Boston, see them as a bargain.
Complaint alleges Brunswick coffee shop employees were unjustly terminated amid union drive
Two employees at Little Dog Coffee Shop believe that they were fired after their employer became aware of their participation in union organizing.
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