AUBURN — Councilors on Monday said they wanted to pick and choose which parts of a proposed Twin Cities economic development contract they wanted to fund. “It seems to me that we are the stewards of taxpayers’ money,” Councilor Joshua Shea said. “It’s about getting the best bang for our dollar, not about seeing what […]
economy
Posted inBusiness, Maine, sj-web
Maine economy rebounding slowly, but national events make predictions ‘a guessing game,’ experts say
AUGUSTA — Making predictions about the future of Maine’s economy and the flow of revenues into state coffers is a difficult task even under normal circumstances, but a committee of financial and economic experts found that the present situation is far from normal. The state’s Consensus Economic Forecasting Commission met Friday in Augusta to pin […]
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Posted inBusiness, sj-web
After abysmal attendance for past two months, the Maine Jump might shut down on Nov. 1
BANGOR — Barring a large uptick in business to finish the month, The Maine Jump will close its doors Nov. 1, according to owner Ryan Hatch, who attributes the potential shutdown to a nosedive in attendance this fall and poor management decisions. Maine Jump is an inflatable play place, featuring slides, climbing walls, obstacle courses […]
Posted inOp-Eds
Austin Bay: China’s toughest economic problem — politics
In an October 7 speech given at the Asia-Pacific Economic Cooperation (APEC) summit, Chinese President Xi Jinping stated that a full and healthy global economic recovery from this century’s great recession would be a “long and tortuous process.” According to Xi, the global economy is experiencing a profound readjustment as the major economies struggle with […]
Posted inMaine, sj-web
Grass-roots effort underway to create statewide economic development strategy
In 2009, when FairPoint Communications wanted to entice the Maine Public Utilities Commission to approve its acquisition of Verizon’s landline business in Maine, it sweetened the deal with a promise to invest in Maine’s economic development. The telecommunications company won its approval and invested in excess of $500,000 over several years to commission ViTAL Economy, […]
Posted inNation / World, sj-web
Lawmakers still get a check, even in shutdown mode
WASHINGTON (AP) — There’s at least one constant in a government shutdown: The 532 members of Congress continue to be paid — at a cost of $10,583.85 per hour to taxpayers. Lawmakers get their pay even as hundreds of congressional staffers are sent home, packs of tourists are turned away at the Capitol, and constituent […]
Posted inBusiness, sj-web
What the statistics tell us about Maine’s economy
If you listen to Gov. Paul LePage and his Republican allies, they’ll tell you Maine’s economy has turned a corner. Businesses are creating jobs, more people are working and fewer people are living below the poverty threshold. Fewer Mainers are dependent on government programs to get by. Sounds like Maine’s economy has recovered, right? But listen to […]
Posted inBusiness, sj-web
Economist says Maine needs to import young, productive workers
AUGUSTA — Any efforts to improve the economy in Maine will be thwarted by the state’s aging population unless the state can attract more young people, and the widely held goal of preventing young Mainers from moving out of state won’t come close to solving the problem. That was the keynote message from University of […]
Posted inAdvertiser Democrat, Connections
Coupon book to support Casco Public Library
CASCO — Casco Public Library has been hard at work on their annual Coupon Book, producing a high-quality collection of savings to favorite local shops. From now through June 2014, the library is selling the coupon book for $10 each. The book will support the library and help stimulate the local economy. Shopping locally keeps […]
Posted inMaine, sj-web
Maine Military Authority to cut 140 jobs
LIMESTONE, Maine (AP) — A business that got its start overhauling military Humvees and trucks is preparing to slash its workforce by more than half because of reduced demand. Maine Military Authority said Friday that it intends to cut 140 jobs beginning in October because of the drawdown of troops and equipment in Iraq and […]