Maine’s average weekly wage increased by less than $40 — from $1,249 in the first three months of 2024 to $1,283 in the first quarter of 2025.
economic development
Posted inLocal & State, News
Developers plan to bring more than 1,000 housing units to Augusta
With a shortage of housing in Augusta and across the state, these projects are expected to add a range of housing opportunities in central Maine.
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Posted inBusiness, Local & State, News
Is Maine approaching, or already in, a recession?
The chief economist at Moody’s Analytics included the state among nearly 2 dozen considered ‘in or at high risk’ of a recession, but the Maine state economist is pushing back and says employment is steady.
Posted inBusiness, Local & State, News
Construction of Waterville apartment complex expected to start next year
The former Bob-In Restaurant & Lounge at the corner of Temple and Front streets has been razed and the ground leveled in preparation for the future Head of Falls Village apartment complex.
Posted inBusiness, Local & State, News
Augusta hotel/retail project wins bigger tax break, adds 2nd apartment building
The project would bring a mixed-use development to Western Avenue, with retail space, a hotel and apartments within walking distance of the state Capitol complex.
Posted inBusiness, Local & State, News
Thousands of people moved to Maine since the pandemic. The influx isn’t over.
Remote work made it possible for more people to live here. It has helped the state but is straining it, too.
Posted inLocal & State, News
Kmart site developers, citing costs and financing problems, seek bigger tax break
Their proposal under a tax increment financing deal, would more than double the tax revenues that would be returned to the developer to make the project more attractive to secure funds to build it.
Posted inBusiness, Local & State, News
Study: Colby added $2.5 billion to Maine’s economy since 2019
The analysis, commissioned as a follow-up to a report on Colby’s impact from 2014-18 and presented in downtown Waterville on Thursday, shows the college’s investments in facilities and people added $1.3 billion to the Waterville-area economy over the last six years.
Posted inBusiness, Local & State, News
Skowhegan River Park secures final permits
The next hurdle for the long-planned project aimed at revitalizing the downtown by bringing paddling sports and other recreation is raising more money.
Posted inBusiness, Kennebec Journal, Local & State, News
Augusta Downtown Alliance director leaving after just over one year
The organization said Jeremy Ashlock is leaving on good terms, and that it is seeking a new leader.