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The existing lift is over 50 years old. The new lift will feature technology such as a touchscreen interface that eases system operations and maintenance.
A survey of business owners by USM, and an economic study by the Maine Center for Business and Economic Research, show that business owners are generally optimistic. Those that embrace innovation are in the best position to be successful.
The city's voters approved a minimum wage hike that includes an emergency provision that business leaders say will price many small businesses out of the city. Also approved were measures that aim to increase affordable housing, though short-term
Indoor service at bars, tasting rooms and distilleries, scheduled for today after being pushed back for months, is off indefinitely, Gov. Janet Mills' office said.
With a 32% downturn in visitation this summer compared with 2019, a late-summer occupancy uptick and a chance to showcase Maine’s wide-open spaces this winter are reasons for optimism, said Maine Office of Tourism Director Steve Lyons.
Gov. Janet Mills said Maine businesses are following the rules and thus helping with Maine's economic recovery. She also urged "common sense," saying that individuals not wearing masks or social distancing could send the economy in the other
Hoteliers and others in the hospitality industry had mixed returns on Indigenous People's Day, even with an influx of out-of-state visitors. The Maine Tourism Association says there's concern about next year and beyond as well.
Steve Hewins, who oversaw the formation of the association from the merger of two others in 2018, will transition to a role working with HospitalityMaine's educational foundation.
On Monday, both the United States and its largest trading partner announced bans on nonessential travel, the seventh consecutive such measure since the start of the pandemic.
The future of the state's economy rests on coronavirus response, the effectiveness of a vaccine, real estate changes brought on by the pandemic, but also on climate change and worker migration, economist Charles Colgan said at the MEREDA fall
The marathon and half-marathon, which have grown from a pop-up event with 52 runners in 2015 to more than 2,000, and have generated an estimated $1 million for the Katahdin region, won't be run this year because of COVID-19 restrictions.
The president and CEO of the retailers' trade group sits down with Mainebiz to talk about how his industry, one of the hardest hit by the pandemic, is also weathering it. And Picard is already thinking about the holiday shopping season.
Revenue at Maine's hotels, motels, restaurants and bars has plummeted during the pandemic. In the midcoast and Downeast parts of the state, businesses are coping, sometimes more successfully than they anticipated, in a season unlike any other.
Inn transactions in Bath and Sullivan were initially stymied by the challenge of finding a bank willing to lend during the pandemic. The SBA program made closings on both properties possible.
The restaurant and lodging industries hit a revenue rock bottom in April, but have slowly improved. There's still "a big hole to climb out of," said Steve Hewins, CEO of HospitalityMaine.
As the U.S. began to experience the full financial brunt of the pandemic from April through June, Maine's gross domestic product plummeted faster than the levels in most states and faster than the pace for the nation as a whole.
A new federally created site for disposing dredge material will replace one slated to close next year, and may offer some advantages. Meanwhile, Portland Harbor has been denied federal funds for its own dredging project.