NORWAY — Norway Savings Bank held its 2025 Employee Appreciation Day Celebration Feb. 26 at the Italian Heritage Center in Portland. Among local people honored was Kristen Charette, mortgage loan officer and vice president in Fryeburg as well as in North Conway, New Hampshire, who was named employee of the year. The Culture Champion Award […]
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Maine energy prices, already costly, expected to rise as Trump tariffs take effect
The impact on heating oil and gasoline is expected to be felt as soon as this week, though how electricity imported from Canada will be affected is less clear.
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Posted inBusiness, Local & State, News
Leader of business innovation program picked for Maine’s top economic development post
Mike Duguay is set to become the next commissioner of the Maine Department of Economic and Community Development.
Posted inBusiness, Local & State, News
Rail advocates renew push for passenger service to Bangor
A bill to be heard this week seeks federal seed funding for a proposal to restore passenger service from Portland through Auburn, Lewiston, Waterville and Bangor to Orono.
Posted inBusiness, Local & State
Maine Trust for Local News will reduce some print editions, lay off workers
The changes include distribution cutbacks designed to reflect the continued shift toward digital readership, as well as 50 full- and part-time layoffs companywide.
Posted inMaine Commercial Real Estate, Real Estate, Sponsored
Maine Commercial Real Estate Transactions: February 2025
Broker submitted sales and leases for land, industrial, office, retail and more.
Posted inMaine Commercial Real Estate, Sponsored
For sale: Self-storage facility in Lincolnville, Maine
$3.6 million | 550 Beach Road, Lincolnville
Posted inBusiness, Local & State, News
See how much Maine imports from Canada, China and Mexico
Tariffs on Maine’s biggest trading partners are set to go into effect Tuesday.
Posted inBusiness, Local & State, News, Politics
King, Pingree and Collins urge Trump administration to reinstate Maine Sea Grant funding
Maine’s program is the only one of 34 nationwide that has lost its funding so far, and the move comes on the heels of the president’s threat to cut Maine’s federal funding over a disagreement about transgender athletes.
Posted inBusiness, Local & State
Maine’s groundfishing industry is in decline. Saving it is complicated.
Dozens of fishermen have left the industry after years of struggling to make a living.