Businesses and nonprofits will owe state income tax on the forgiven portion of Paycheck Protection Program loans unless legislators change state law.
Business
Local, state and national business news from the Sun Journal.
Posted inBusiness, Nation / World
White House, Republicans resist state, housing aid in virus package
Despite disarray in the Republican ranks, Senate Majority Leader Mitch McConnell is pushing ahead on the next COVID-19 aid package.
advertisement
Posted inBusiness, Lewiston-Auburn, The Buzz
Downeast couple buy first investment property in downtown Lewiston
• Valley Beverage’s expansion plans in Lewiston
• New high school project greenlit in Auburn
• And . . . a tease to stay tuned?
Posted inAndroscoggin County, Business, Maine
After 33 years, cobbler is stepping away from landmark shop in Westbrook
Paul Rowland is selling his trailer and property, and moving Paul’s Shoe Repair to his garage in Lisbon, where he and his wife moved to be closer to their children and grandchildren.
Posted inBusiness, Maine, News
Amazon gets priority while mail gets delayed, say letter carriers
Several letter carriers are accusing Portland’s postmaster of deliberately delaying the delivery of first-class and priority mail by ordering clerks to sort Amazon packages first, ensuring that carriers deliver them on time.
Posted inBusiness, Nation / World
Pandemic hurting Americans’ finances in disparate ways, poll shows
Younger people were more likely to have lost a job, put themselves at risk of exposure or delayed paying bills.
Posted inBusiness, Maine
Union signals move toward negotiations in otherwise stagnant shipyard strike
After a second meeting with a federal mediator, the largest union at BIW announced a first sign of movement the 5-week-old strike.
Posted inBusiness, Maine, News
Bill to replace CMP with public entity faces key vote Friday
A legislative committee is set to decide whether to send the measure, which also would affect Versant Power, to the full Legislature.
Posted inBusiness, News, Politics
Freeport brewery cancels Trump campaign event, saying it was misled
The owners of Stars and Stripes Brewery say they did not know an event scheduled at their business Wednesday was for the president’s reelection campaign.
Posted inBusiness, Maine, News
Wave of evictions expected as courts reopen, assistance and protections expire
Thousands of evictions could be filed when hearings resume Aug. 3, and the Maine Affordable Housing Coalition is building a database to help inform policymakers.