Councilors also voted to use Tif funds to develop a design for the Worumbo Mill parking lot.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World, News
Fed saw ‘significant’ inflation risk that may merit more hikes
While quarterly projections last updated in June showed most officials at the time favored two more increases in 2023, Chair Jerome Powell emphasized after the July decision that the Fed would take things meeting by meeting.
advertisement
Posted inBusiness, Maine
Gifford’s expects to be fully operational in next few months after fire devastated Skowhegan plant
The latest scoop from Gifford’s HomeMaine Ice Cream? The company’s CEO said this week that as repairs continue on the manufacturing plant, it’s working with two out-of-state manufacturing partners to return several select flavors of its ice cream to store shelves.
Posted inBusiness, Noteworthy
Greater Lovell Land Trust promotes 2
LOVELL — The Greater Lovell Land Trust recently promoted Rhyan Paquereau to stewardship director. He joined the land trust in 2020 with several years’ experience in the land trust field and holds a degree in parks and forest resources from Unity College. He has also become interim executive director of the trust, with Erika Rowland […]
Posted inBusiness, Lewiston-Auburn
Auburn-Lewiston Municipal Airport auction brings ‘unexpected windfall’ to help defray budget deficits
Online auction nets $140,000, almost double what the airport had hoped for.
Posted inAndroscoggin County, Business
Poland board told Cyndi’s Dockside is being purchased
Nonesuch River Brewery of Scarborough is in the process of purchasing the restaurant on Middle Range Pond.
Posted inBusiness, Noteworthy
Franklin Savings Bank hires new vice president, commercial loan officer
SKOWHEGAN — Franklin Savings Bank has hired Meg Loubier as vice president, commercial loan officer. The Winslow resident will primarily serve commercial lending needs of customers in Somerset and Kennebec counties. Loubier volunteers for organizations such as the Children’s Discovery Museum in Waterville and Junior Achievement. “Meg Loubier is an exciting addition to our team,” […]
Posted inBusiness, Nation / World, News
Russia’s central bank makes huge interest rate hike to try to prop up falling ruble
Russia’s ruble has tumbled. What does it mean for the wartime economy?
Posted inBusiness, Lewiston-Auburn, News
State officials reviewing Lake Auburn watershed boundary line
Local officials believe the recommended line will be conservative, but the decision will have implications for proposed housing development on the land.
Posted inBusiness, Maine, News
Bath Iron Works and its largest union reach tentative contract deal, likely averting repeat of 2020 strike
Machinists Union Local S6 negotiators secured pay raises and an increase in pension contributions while agreeing to health insurance premium hikes.