The Auburn storage and distribution facility reveals billionaire philanthropist MacKenzie Scott donated $25 million.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Lewiston-Auburn
A new map to growing Lewiston-Auburn? Business, city leaders hope so.
The chamber on Thursday released its “Blueprint for Economic Growth in the LA Metropolitan Region” with input from 25-plus local leaders on ways to grow revenue, consumer spending and population here for the long haul.
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Posted inBusiness, Nation / World
What you need to know about GameStop’s stock price chaos
The frenzied trading has catapulted the video game retailer’s valuation to nearly $20 billion, a 14-fold increase from a month ago.
Posted inBusiness, Maine
Maine jobless claims trend downward but remain above normal
Claims for new unemployment benefits dropped slightly in the state last week, with about 3,200 Mainers filing new applications.
Posted inBusiness, Nation / World, News
The U.S. economy had its worst year since World War II, shrinking 3.5% in 2020
The pandemic’s blow to the economy early last spring ended the longest U.S. economic expansion on record – nearly 11 years.
Posted inBusiness, Nation / World, News
U.S. unemployment claims drop, but remain historically high
Overall, nearly 4.8 million Americans are continuing to receive traditional state unemployment benefits.
Posted inBusiness, Maine, News
Eliot Cutler’s mansion sold to Bush family member for $7.6 million
The 2-time Maine gubernatorial candidate is downsizing, after selling the 15,000-square-foot oceanfront home in Cape Elizabeth to Jonathan Bush Jr.
Posted inBusiness
Potential tax on Paycheck Protection Program loans leaves businesses nervous
Under Gov. Janet Mills’s budget proposal, Maine businesses would have to pay state income taxes on the forgivable federal loans.
Posted inBusiness, Maine, News, Politics
Mills says she’ll seek ways to avoid state tax on businesses’ relief loans
The governor says she’s having departments look for federal funds that would let the state balance its budget without taxing businesses for Paycheck Protection Program money they received.
Posted inBusiness, Maine
Closing time for Rebecca’s Place in Augusta as owner calls it quits
After more than 40 years in business, Nancy Berg decided Saturday that she was done, citing her inability to hire enough staff to keep Rebecca’s Place running.