Filing to transfer of environmental permits from former Jay paper mill to a JGT2 Redevelopment LLC of Kansas is the first step in proposal to buy mill property and cogeneration facility.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Election 2023, Maine, Politics
Question 3: What you need to know about the Pine Tree Power referendum
The highly contentious question would establish the framework for a new utility to deliver electricity in Maine.
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Posted inBusiness, Election 2023, Maine, Politics
Question 1: Voters would have a say in certain big spending
Conceived as a fail-safe in case Question 3 passes, Question 1 would require voter approval for certain government bodies to take on more than $1 billion in debt.
Posted inBusiness, Nation / World
Fed’s Powell gets an earful about inflation and interest rates from small businesses
Federal Reserve Chair Jerome Powell’s visit occurred as the Fed is monitoring the economy for signs that its streak of rate increases are having their desired effect and that inflation is continuing to cool.
Posted inBusiness, Maine
As Old Orchard Beach wrestles with short-term rental rules, tourism and housing collide
A proposal for a moratorium on new short-term rentals is unlikely to move forward in the tourist-heavy town, but the council may still discuss whether more regulation is needed.
Posted inBusiness, Maine, News
Environmental groups demand emergency rules to protect rare whales from ship collisions
The whale, which can weigh more than five school buses, numbers less than 340 and has been in steep decline in recent years.
Posted inBusiness, Nation / World
Feeling Lucky? The Powerball jackpot is $1.04 billion
An estimated $1.04 billion Powerball jackpot will be up for grabs, tempting players to spend a couple dollars on a longshot chance at instant riches
Posted inBusiness, Maine, News, Sports
Sports betting nears in Maine, but some in-person sites won’t be ready for launch
At least three retail locations, two of which are moving to new sites, will not be taking bets until December or early 2024.
Posted inBusiness, Maine
Commercial kitchen planned for downtown Skowhegan to boost local food economy
The nonprofit group Main Street Skowhegan is working to raise at least $1 million to help small food businesses cut overhead costs and increase their following with a shared commercial kitchen and food hall at 185 Water St.
Posted inBusiness, Maine, News, Politics, Schools & Education
Child care providers close doors, reduce capacity as federal funds run out
In Maine and across the nation, the end of pandemic-related federal support is causing another round of closures and downsizing in the struggling industry.