New Michaels arts and crafts store to open soon on Bangor’s Stillwater Avenue
The store is set to open in March.
Coronavirus’ impact on Maine’s economy
NATIONAL BUSINESS
New UMaine equipment will turn twigs and tree bark into jet fuel and heating oil
With help from federal funding, two forest bioproducts processing plants at the University of Maine will upgrade their equipment to expand their research into finding renewable energy uses for wood byproducts.
New Portland tech institute touts 3-year plan to attract 1,000 graduate students
The Roux family is investing $100 million in the institute, which is a branch campus of Boston-based Northeastern University.
Lewiston panel approves $200 million CMP converter station
The station will help convert hydropower from Canada, which CMP’s New England Clean Energy Connect will bring into the regional grid.
Bangor-based Cross Insurance buys Connecticut insurer in latest acquisition
The acquisition of Daigle & Travers Insurance continues Cross’ pattern of steady regional growth.
Construction set to begin on CMP’s controversial transmission corridor
The clearing of a path for power lines is set to begin around Jan. 18.
Many still-struggling Maine businesses expected to ask for 2nd federal relief loan
Need has only increased for most businesses since the summer, when the Paycheck Protection Program expired.
What Maine businesses need to know about the new round of federal loans
This round of the loans, which are to be used for job retention and certain other business expenses, will run until March 31.
Maine marijuana shops are seeing brisk business despite pandemic
Maine saw nearly $2 million in sales in December, just from about $1 million in October.
A Brewer company’s new technology will make stronger bridges in Maine and beyond
The Grist Mill Bridge in Hampden is the first to use a technology developed by a Brewer business that makes the bridge resistant to corrosion and longer-lasting.
Maine’s jobless claims jumped last week
Mainers filed 3,900 new jobless claims, up from 2,700 the week before.
US loses 140,000 jobs, the 1st monthly loss since spring
At the same time, the unemployment rate stayed at 6.7 percent, the first time it hasn’t fallen since April.
In Trump era’s end, an uneasy reckoning for corporate America
Corporate America is parting with its CEO president — carefully.
Maine construction industry fueled by pandemic-related home building, upgrades
Maine was one of only 15 states to see the number of jobs in the sector rise between February and November.
Capitol violence sparks a social media reckoning with Trump
Wednesday’s violence was fueled by years of false statements, conspiracy theories and violent rhetoric from the president.
Small businesses have new options for pandemic relief under new stimulus bill
Small businesses hurt by the pandemic can access more loans and grant money in the $900 billion stimulus bill approved by President Donald Trump in late December.
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