The governor says her plan is focused on immediate economic recovery from the pandemic, long-term economic growth and infrastructure revitalization.
economy
Posted inMaine, News, Politics
COVID-19 stimulus bill to create $500 million windfall for Maine towns and cities
The huge package passed by Congress will provide cash-strapped local governments a substantial source of additional revenue over the next two years, and some already have ideas on how to use it.
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Posted inBusiness, Nation / World
Mnuchin denies he’s trying to hinder Biden on economic recovery
The treasury secretary says his decision to end several emergency loan programs was based on the fact they were not being heavily utilized.
Posted inNation / World, News, Politics
‘More people may die if we don’t coordinate’: Biden urges Trump to aid transition
Maine’s Republican Sen. Susan Collins joins in the call for Trump to work with the transition team, saying it’s ‘absolutely crucial that the apparent president-elect and his team have full access to the planning that has gone on’ for vaccine distribution.
Posted inMaine, News
Mills administration proposes hiring freeze, spending cuts to offset revenue lost to pandemic
The plan proposes a hiring freeze and delaying technology upgrades to help make up for more than $500 million in revenue losses.
Posted inBusiness, Maine
National eviction ban may help thousands of Mainers – for now
A moratorium on certain pandemic-related evictions has been imposed through the end of the year, but many say further congressional action is needed to address the threat of mass homelessness.
Posted inBusiness, Nation / World
Fed survey finds widespread pessimism about economic future
The report says that echoing across the country is the continued uncertainty stemming from the pandemic and its negative effect on consumer and business activity.
Posted inBusiness, Maine
Remotely affected: Empty offices are hurting businesses that serve them
Companies that cater to offices and office workers are finding a challenging business environment with large numbers of people working from home.
Posted inBusiness, Maine, News
Irish solar developer’s projects in Maine attract $100 million investment
Projects being built by Dublin-based BNRG Renewables and Dirigo Solar LLC in Portland are only the first phase of three large endeavors planned to come online by 2024.
Posted inBusiness, Maine, News
1 in 3 Maine lobstermen lands federal pandemic loan
Lobstermen got more small Paycheck Protection Program loans than members of any other Maine industry, but the size of the average loan was small.