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PublishedOctober 5, 2020
Maine construction industry remains strong amid economic downturn
The state fared better than other parts of the country, but what the future holds is uncertain.
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PublishedOctober 1, 2020
Maine reports increase in residents filing new unemployment claims
The number of people filing initial claims for jobless benefits is heading back up after weeks of decline this summer.
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PublishedSeptember 28, 2020
Severe recession, without aid, could shrink Maine government revenue for years
Severe economic effects of the coronavirus pandemic could linger for years, based on a recent 'stress test' conducted by state analysts.
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PublishedSeptember 23, 2020
Maine provides another $10 million to rent relief program
The new funding will allow renters to apply for assistance from the Maine Housing Authority through the end of September, and it will be the final allocation unless more federal funding becomes available.
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PublishedSeptember 22, 2020
Maine emergency grant program extended to more businesses
Companies with up to 250 workers are among those now eligible for $95 million in grants to sustain local economies through the downturn.
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PublishedSeptember 20, 2020
Late summer boost helps some Maine tourism businesses stay afloat
By some measures, Maine defied expectations that restrictions prompted by the coronavirus pandemic would doom small and seasonal businesses dependent on annual mobs of tourists.
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PublishedSeptember 18, 2020
Maine records more job gains but pace of recovery slows
The state gained more than 6,000 jobs in August and the unemployment rate fell to 6.9%, but labor department analysts suspect the true jobless rate is almost 10%.
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PublishedSeptember 10, 2020
Maine economic recovery grants attract fewer applicants than expected
The state will award up to $100,000 to qualified applicants, but small organizations aren't sure how much they stand to receive and some businesses feel they were shut out of the $200 million program.
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PublishedSeptember 10, 2020
Maine jobless claims remain virtually unchanged
Roughly 66,000 Mainers filed for unemployment benefits in the first week of September, a slight decline from the 67,500 who filed the previous week.
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PublishedSeptember 8, 2020
Where are all the bankruptcies experts predicted?
A surge in personal and business bankruptcy filings was a projected result of the pandemic-induced recession, but filings in Maine were down 50% in August from a year earlier. That trend could change.
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