City leaders say poor management and oversight issues at the airport have led to serious financial woes dating back nearly a decade, worsened by Elite Airways’ insolvency.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
Maine’s unemployment rate hit 2.4% in April, an all-time low
It’s the lowest it has been since the state Department of Labor began recording the statistic in 1976.
advertisement
Posted inBusiness, Maine, News
Maine businesses brainstorm how to deal with climate change as an economic issue
Over 400 businesspeople and 60 presenters gathered in Augusta to share perspectives and practices on dealing with Earth’s warming.
Posted inBusiness, Nation / World, News
Federal Reserve Chair hints at a pause in rate hikes when central bank meets in June
Powell said the central bank’s benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending, and economic growth.
Posted inBusiness, Lewiston-Auburn, Maine, News
Great Falls Forum: Margie Patlak shares how Maine’s environment taught her about life
The award-winning author read excerpts from her book on how exploring nature in Maine turned into catharsis.
Posted inBusiness, Nation / World, News
TikTok content creators file lawsuit against Montana over first-in-nation law banning app
The Montana residents also argued in a legal complaint filed late Wednesday in federal court in Missoula that the state doesn’t have any authority over matters of national security.
Posted inBusiness, Maine, Politics
Lawmakers hear competing offshore wind proposals
One bill lays out a detailed state path to promote floating offshore wind that will help Maine meet its climate goals and create jobs, while the other seeks to use the state’s power to keep the industry out of the Gulf of Maine where fishermen earn their living.
Posted inAndroscoggin County, Business, News
Self-storage business approved at former Turner airport
Richard Raubeson, owner of Bear’s Self Storage, plans for 28 units in phase 1.
Posted inBusiness, Lewiston-Auburn, News
Photos: Maine Business to Business Trade Show
The one-day annual trade show was held at the Norway Savings Bank Arena in Auburn.
Posted inBusiness, Maine
Maine committee supports flavored tobacco ban
Supporters say the ban will keep teens from becoming addicted to nicotine, while foes say adults should be able to purchase the products. The House and Senate will vote on the bill in the coming weeks.