The move the Federal Reserve announced on Wednesday will increase its benchmark short-term rate, which affects many consumer and business loans, to a range of 1.5% to 1.75%.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Maine
Maine approves $63 million CMP power line upgrade over residents’ objections
Hundreds opposed the upgrade as benefiting a planned land-based salmon farm to be built in Belfast by Nordic Aquafarms, but regulators noted ongoing problems with the aging line.
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Posted inBusiness, Election 2022, News, Oxford Hills
Hartford voters open door for new winery
The vote by residents of this ‘dry’ town Tuesday will allow Bonaventura Vineyards to open a tasting room and sell its wine at the vineyard later this year.
Posted inBusiness, Nation / World, News
Automakers report nearly 400 crashes of vehicles with automated driver-assist systems
The crashes included 273 involving Teslas, according to new statistics from U.S. safety regulators.
Posted inBusiness, Noteworthy
Bethel bakery awarded New Ventures Maine mini-grant
BETHEL — Gamut Goods of Bethel has been selected as New Ventures Maine’s Spring 2022 western Maine marketing mini-grant recipient. The business was selected from a strong group of small business applicants from Androscoggin, Franklin, and Oxford counties. Gamut Goods was founded in 2021 by Sammy Sirois and Sydney Hagenbuch, who come from culinary backgrounds […]
Posted inBusiness, Noteworthy
Central Maine Community College welcomes new dean of academic affairs
AUBURN — Central Maine Community College announces that Jennifer Jefferson has joined the college as the new dean of academic affairs. She serves as the chief academic officer overseeing all academic programs. Jefferson comes to CMCC with nearly 20 years of higher education experience. She recently served as interim vice president of academic affairs for […]
Posted inBusiness, Nation / World, News
So long, Internet Explorer. The browser is finally retiring
Microsoft has officially sent Internet Explorer into retirement.
Posted inBusiness, Lewiston-Auburn, News
Lewiston officials discuss approaches to housing growth, affordability
As need to bolster housing stock takes center stage, implications of LD 2003 at forefront.
Posted inBusiness, Maine
Portland Planning Board questions Roux campus developers at proposal’s first public airing
A proposal to give the former B&M Baked Beans factory a special institutional designation came under scrutiny because the campus would include substantial commercial development in support of the high-tech graduate school.
Posted inBusiness, Maine
Maine’s cannabis black market shrinking faster than expected, survey suggests
The state Office of Cannabis Policy has issued a new, survey-based report saying 64% of Maine cannabis used last fall appears to have been purchased legally.