BluShift Aerospace says a successful recent round of fundraising means a commercial suborbital launch is on track to start in 2025.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Food, Maine
Portland restaurant Broken Arrow closes after staffers quit
The 4-year-old restaurant is up for sale amid financial difficulties, according to its owners. Some staff members say they’ve had multiple paychecks bounce in recent months.
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Posted inBusiness, Lewiston-Auburn, News
Auburn may tinker with zoning again at Gracelawn Road parcel
A city memo said the proposed change was ‘developed in consultation with the landowner’ and would balance water quality concerns with future land use planning, ‘as well as maintain the allowance for housing at the property.’
Posted inBusiness, Nation / World, News
From decay to dazzling, Ford restores grandeur to Detroit train station
The hulking, scavenger-ravaged structure that ominously shadowed the city’s Corktown neighborhood is now home to Ford Motor Co. and the centerpiece of a 30-acre mobility innovation district.
Posted inBusiness, Nation / World, News
Technical issues briefly halt trading for some stocks in the latest glitch to hit Wall Street
The industry has just moved to a new system where the settlement of stock trades happen much faster than they used to.
Posted inBusiness, Maine, News
New England grid operator says it’s prepared for peak electricity demands this summer
ISO-New England says it will have sufficient electricity to meet consumer demand, though an extreme heat wave could test the grid’s capacity.
Posted inBusiness, Lewiston-Auburn, News
Photos: Picker House development coming together in Lewiston
An aerial view of the Picker House, the first phase of plans to re-develop the Continental Mill in Lewiston is on schedule to open next year.
Posted inBusiness, Maine, News
Build Maine conference to draw experts, economic development officials to Skowhegan for 3rd year
An expected 250 attendees will attend planned workshops and presentations focused on topics related to development, housing, transportation and other concepts that they can apply locally, organizers say.
Posted inBusiness, Nation / World, News
As pharmacies shutter, some regions and communities are left behind
Urban and rural communities have come to depend on pharmacies as a trusted care option and a place for advice.
Posted inBusiness, Maine
Maine’s workforce isn’t keeping pace with growth, Gov. Mills tells business leaders
New investments by the state and federal government are helping to attract and retain employees, but there is more work to be done to solve workforce shortages, the governor says.