College says its finances remain strong, but ‘serious challenges’ are looming.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, News
Maine’s adult-use cannabis sales nearly doubled in 2022
Legal sales of recreational marijuana soared 94% last year from 2021’s total. But the growth hasn’t always been easy, and there’s concern the market is becoming overcrowded.
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Posted inBethel, Business
Newry couple that discovered $1.5 billion lithium deposit fighting in court to mine it
Strict state regulations have prevented Mary and Gary Freeman from excavating the sought-after mineral used in batteries and cell phones.
Posted inBusiness, Maine
Silver Linings: High-speed internet discount available in Maine
Federal program is funding a $30-per-month internet service discount for qualifying households.
Posted inBusiness, The Buzz
Walgreens plans to build new store on Main Street in Lewiston
Construction is slated to begin in the second quarter of the year.
Posted inBusiness, The Buzz
Yianni’s House of Pizza in Jay closes
The South Paris location will be unaffected by the closure in Jay.
Posted inBusiness, Nation / World, News
U.S. hiring remains brisk as employers add 223,000 jobs
The number is further evidence that the economy remains healthy, yet also a sign that the Federal Reserve may still have to raise interest rates aggressively to slow growth and cool inflation.
Posted inBusiness, Lewiston-Auburn
Place Saint Marie building sold to New York investors
New owners plan multi-million dollar renovation and upgrades.
Posted inBusiness, Lewiston-Auburn, The Buzz
F.W. Webb building new warehouse, showroom in Lewiston
Also in The Buzz: Walgreens plans new store on Main Street; Yianni’s House of Pizza in Jay closes.
Posted inBusiness, Maine
Stronger grid a legacy of ice storm damage
Another major ice storm could wreak havoc, but resiliency is a work in progress.