Business and Economy

Business news

Canal 5 Studio of Portland

The Port Authority of Maine has given the City of Portland an architect’s conceptual renderings of a 120,000-square-foot cold storage shipping warehouse proposed for the city’s waterfront.

The Downeast Institute in Beals, a fully equipped marine research laboratory, will more than double its size with the help of $5 million in investment funding.

BOSTON - A Maine blueberry processor has agreed to pay a $103,613 settlement to resolve federal concerns over its handling of a chemical used in refrigeration.

The settlement agreed upon by Hancock Foods and the Environmental Protection Agency resolves questions surrounding the blueberry processor's handling of anhydrous ammonia and its failure to timely report a release of the chemical.

Anhydrous ammonia, which is used in refrigeration, is flammable, and potentially explosive, in some situations. It's also corrosive to the skin, eye and lungs.

Irwin Gratz / Maine Public

PORTLAND, Maine - For a lot of reasons, the nation's economic outlook has changed from a year ago.  Brett Miller, senior portfolio manager for Key Private Bank in Portland tells Maine Public's Morning Edition host Irwin Gratz that recovering corporate profits and rising consumer confidence are among the reasons.

PORTLAND, Maine - Some 700 people involved in Maine real estate are gathered in Portland today for the annual conference of the Maine Real Estate and Development Association.  The trade group compiles an index of economic activity that's known by its acronym, MREDA (pronounced Muh - ree' - dah).  Irwin Gratz talked with the group's president, Paul Peck, earlier today at Maine Public's Portland studios.

moondance38 / Flickr/Creative Commons

The residents of two remote Down East islands, Frenchboro and Swan’s Island, pay some of the highest electric bills in the nation, and they’ve proposed to abandon their local electric cooperative to join with the mainland customers of a large utility who enjoy cheaper distribution rates.

Robert F. Bukaty / Associated Press file

A $2-million-a-year investment by the state into a targeted lobster promotion effort paid off big for the industry last year, according to the Maine Lobster Marketing Collaborative, which launched an aggressive campaign to boost soft-shell lobster sales.

Matt Jacobson, executive director at the collaborative, says a new report on the marketing campaign revealed that the initiative was responsible for 1 billion earned social media impressions — and some surprising new takes on serving lobsters.

Members of Maine’s Congressional Delegation testified during a hearing of the U.S. International Trade Commission Wednesday in support of a Maine manufacturer.

Auburn Manufacturing says it has been hurt by alleged Chinese producers who are selling products at less than fair value. The company, which employs 40 people at facilities in Auburn and Mechanic Falls, is the leading U.S. producer of industrial-grade amorphous silica fabric, which is used in high-heat situations.

Markus Schreiber / Associated Press

Volkswagen and its sister companies are shelling out billions of dollars to customers and states that were affected by its attempts to cheat on emissions tests.

Maine Public file

The former holdings of the Great Northern Paper Co. in Millinocket have been sold to a local nonprofit for the princely sum of $1.

Jennifer Mitchell / Maine Public

The past three years have seen a rapid rise in demand for one type of meat nationwide: pork.

The Penobscot Indian Nation has obtained federal permits to process, bottle and ship its own line of vodka that it plans to market to tribal casinos nationwide.

Maine Public file

An investigation by the state’s Animal Welfare Program has found no evidence of animal cruelty or proof that Hillandale Farms in Turner violated best management practices.

The massive egg operation, owned by Jack DeCoster and leased by Hillandale, came under fire last year from the Humane Society of the United States for a series of alleged animal cruelty violations.

PORTLAND, Maine - "The Cat" will be back - and maybe earlier than last year. 

Bay Ferries chief Mark McDonald has told a Nova Scotia legislative committee he plans on beginning a new year of round of high-speed ferry trips between Yarmouth, Nova Scotia, and Portland, Maine, on June 1, two weeks earlier than last year.  

McDonald also said he'd like to keep running until Oct. 15.  Those two weeks could prove more problematic since they correspond with peak cruise ship season;  both use the Ocean Gateway terminal on Portland's waterfront.

Robert F. Bukaty / Maine Public

An organization that’s encouraging a boycott of L.L. Bean says it will end the campaign if the company removes Linda Bean from its board of directors.

Pages