Business and Economy

Business news

PORTLAND, Maine - Maine is allowing scallop fishermen to catch the same amount of scallops in the coming season as they did in the previous one.
 
The Maine Department of Marine Resources says its advisory council has approved the specifications for the 2017-18 scallop fishing season. Last year, fishermen were allowed to harvested 15 gallons of scallops per day in the Cobscook Bay area and 10 gallons per day in the rest of the state.
 
Those numbers will hold in the coming season. The scallop season will begin on Dec. 1 and last until April 15.
 

CONCORD, N.H. - The price of gasoline is still going up in northern New England.
 
GasBuddy's daily survey of more than 1,200 gas outlets in Maine says price has risen 3.8 cents per gallon in the last week, averaging $2.55. The price in Vermont went up 3.1 cents to $2.56 per gallon. New Hampshire's price went up 2.4 cents per gallon to $2.51.
 
The national average went up 1.5 cents per gallon in the last week to $2.55. It's 8.6 cents per gallon higher than last month, and 39.8 cents per gallon higher than a year ago.

KITTERY, Maine - The Portsmouth Naval Shipyard is going to host a job fair to fill about 160 positions.
 
The job fair is on Tuesday at the Regatta Banquet and Conference Center in Eliot from noon until 8 p.m.
 
There are job opportunities in engineering, trades, inspection and for chemists.
 
Applicants with more than two years of experience can submit a resume as well as speak with hiring managers, eliminating an online process and potentially reducing the normal hiring timeline by up to 90 days.
 

RANGELEY, Maine - The Saddleback Mountain ski area may stay closed for a third consecutive winter, despite promises of a sale that was promised to be completed by the end of the summer.
 
Saddleback owners Bill and Irene Berry announced on June 28 they were selling the Rangeley-area resort to Australian-based Majella Group. The Portland Press Herald reports the sale has not been completed, and Majella said Thursday they are continuing work to finalize the sale.
 

Robert F. Bukaty / Associated Press/file

A trade group says Maine’s wild blueberry crop fell sharply this summer to below 100 million pounds for the first time in four years.

Wild Blueberry Commission of Maine Executive Director Nancy McBrady says preliminary industry figures show the crop coming in at about 65 million pounds. Among factors for the decline were bad growing conditions.

“We had a wet, cool spring, not a heck of a good condition for pollination. And we had a really dry August, which caused the plants to be less productive,” she says.

Portland residents rejected a rent-limit proposal Tuesday night in a lopsided 13,466 to 7,595 vote, according to unofficial results posted by the city.

The referendum’s backers pitched it as a temporary brake on this decade’s rapid rent hikes, which forced many middle- and lower-income Portland residents off the city’s peninsula or even out of the city altogether. But they faced stiff, well-financed opposition from landlords at both ends of the spectrum — those who rent at market rate and affordable housing groups, too.

ImmuCell, an animal biotech firm based in Portland, is a big step closer to getting a new kind of treatment for dairy cows to market.

The company has completed a new facility where, pending approval from the FDA, it will manufacture a dairy-based treatment for mastitis, a common infection in dairy cows.

ImmuCell President and CEO Michael Brigham says using Nisin could save farmers a lot of money.  Unlike with traditional antibiotics, farmers can keep selling milk from cows treated with Nisin because if there is any residue from the treatment it's not a problem.

PORTLAND, Maine - American Airlines has announced it is adding a nonstop flight from Portland International Jetport to New York City.
 
The Portland Press Herald reports the twice-daily service between Portland and LaGuardia Airport will start in April. American Airlines is the Jetport's largest carrier while New York City is the Jetport's largest market.
 
Jetport Director Paul Bradbury praised the additional service in a statement Monday. According to Bradbury, the expanded service offers "schedule flexibility and competitive airfares for the Maine traveler.''

Fred Bever / Maine Public

Fishermen up and down the New England coast say it has been decades since they’ve been able to catch so many Atlantic bluefin tuna, so fast. Once severely depleted, populations of the prized sushi fish appear to be rebuilding.

CONCORD, N.H. - The price of gasoline is rising in northern New England.
 
GasBuddy's daily survey of more than 1,200 gas outlets in Maine says price has risen 4.6 cents per gallon in the last week, averaging $2.50. The price in Vermont went up 2.5 cents to $2.53 per gallon. New Hampshire's price went up 1.5 cents per gallon to $2.48.
 
The national average went up 6.5 cents per gallon in the last week to $2.53. It's 3.8 cents per gallon higher than last month, and 32 cents per gallon higher than a year ago.
 

Murray Carpenter / For Maine Public

Marijuana farmers in Maine who grow plants outdoors have recently brought in their harvest, and many have been sitting around tables painstakingly trimming buds with scissors — a process that is tedious and, one Midcoast farmer says, obsolete.

On a warm fall day, King Bishop is harvesting the medical marijuana plants from his farm in Morrill. After he stacks the stems onto a table in his shop, he feeds them into a small machine.

“All of those nuggets, or what would be the buds, have all got to be removed from the stem, and so that’s what that machine is doing,” he says.

A coalition of environmentalists and power generators is calling for the creation of a regional cap-and-trade market for carbon emissions from the transportation sector. They’re modeling the market on a successful effort to reduce carbon dioxide emissions from electricity generation.

The latest government statistics on unemployment in Maine's urban areas show three very tight labor markets.

In Bangor, joblessness fell from 3.3 percent in August to 3.1 percent in September.

Lewiston-Auburn went from 3.1 percent to 2.9 percent.

Portland-South Portland's jobless rate was steady, but at a very low, 2.5 percent.

The unemployment rate in September for Maine as a whole was 3.7 percent, lower than the national rate of 4.2 percent.

PORTLAND, Maine — A Florida-based developer is proposing a new six-story hotel in Portland, Maine.

Progress for Maine

This story was originally published at 3:35 p.m. Tuesday, Oct. 31, 2017.

While ethics officials in Augusta delved into the murky finances behind the campaign to permit a casino in York County on Tuesday, its lead supporter, developer Shawn Scott, was in Portland to announce he’d done a deal with organized labor for its construction.

But there’s still no guarantee that if voters support the measure, Scott would actually build the resort he is promising.

Pages