A 15% corporate minimum tax will help fund the new costs, with extra going to deficit reduction.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
DEP says Maine is ahead of schedule to meet climate change goal
A Department of Environmental Protection report says Maine’s greenhouse gas emissions in 2019 were 25% lower than levels measured in 1990, surpassing the medium-term goal of a 10% reduction by 2020.
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Posted inBusiness, Nation / World, News
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.
Posted inNoteworthy
David Blocher Honored for 16 years of service to Maine Music Society
LEWISTON — The Maine Music Society board of directors presented outgoing board member and past chair David Blocher with a certificate of appreciation and personal gift for his distinctive contributions to the organization from 2006 to 2022. Blocher served as vice president from 2008 to 2009 and president from 2009 to 2014. He set up […]
Posted inBusiness, Nation / World
Fed unleashes another big interest rate hike in bid to curb inflation
The Federal Reserve’s move will raise its key rate, which affects many consumer and business loans, to a range of 2.25% to 2.5%, its highest level since 2018.
Posted inBusiness, Maine, News
Bar Harbor struggles with cruise ship limits, and Portland could be next
A citizen petition seeks a 1,000-person-a-day cap on ship passengers entering Bar Harbor, and a similar effort is underway in Portland.
Posted inBusiness, Noteworthy
Central Maine Medical Center congratulates family medicine residency graduates
LEWISTON — Central Maine Medical Center’s Family Medicine Residency recognized seven third-year family medicine residents at their recent graduation program on June 23, 2022. Program director Dr. Bethany Picker gave the welcome address. In attendance were Family Medicine Residency faculty, residents, residency staff, as well as graduating residents’ families and special invited guests. “This graduating […]
Posted inBusiness, Livermore Falls Advertiser
Bakin’ Up Maine now open in Wilton
Taylor Thyng has always loved to bake, now has her own bakery at 5 Tyler Street.
Posted inBusiness, Maine
Maine Public Utilities Commission approves new performance standards for electric companies
The action is meant to increase accountability for customer service at Central Maine Power and Versant Power.
Posted inBusiness, Lewiston-Auburn, The Buzz
Delegates from U.S. Department of Commerce visit Auburn Manufacturing
A creton crisis is averted at Hannaford; The Lewiston Ramada hotel is sold to a New York hospitality group.