Business News from Around the State
Statewide: Maine unemployment rate is at lowest since 2008; the U.S. Department of Commerce has approved the expansion of foreign trade zones in Bangor and Waterville; Maine’s personal income growth still lags behind the other New England states; the last of Governor John Baldacci’s appointees, David Littell of the Maine Public Utilities Commission board will be staying on the board after his six-year term ends, however it is expected Governor Paul LePage will be name a new appointee to replace Littell; Hollywood Casino in Bangor and Oxford Casino both saw a drop in slot machine revenue in 2014, which is attributed to a decline in interest; sales of existing single-family homes and the median sales price in Maine was up for the month of February indicating a stabilization in the market.
Southern: Portland chef Jason Loring, along with partners Mike Fraser and Nat Towl are opening “The Point” a traditional clam shack on Thompson’s Point; Hall Internet Marketing, manager of Casco Bay Tech Hub announced the co-working space will close in order for the marketing company to focus on its own mission; John M. Kendall, president of closed Chipco International, was found guilty on eight counts of tax fraud; York County Community Action Corp., was granted a $1.3 million federal grant.
Central & Western: Former Augusta mayor William E. Dowling is seeking a $900,000 lien against Mattson and Mattson Development and five other Mattson firms for back wages, unused vacation and sick pay, loan repayment and other costs; Nova Scotia’s Port Hawkesbury Paper is under investigation by the U.S. Department of Commerce for subsidies it received in 2012. Midcoast & Down East: Topher Mallory, CEO of Mexicali Blues, and business partner Matt Page plan to open Split Rock Distillery in the summer of 2015; Kyle Skinner, co-owner of Goose River Grocery in Belfast, was arrested and charged with arson and insurance deception after the store was destroyed in a fire; Bath Iron Works was awarded a $620 Navy contract to build one DDG-51 class destroyer, with plans to build a total of five destroyers between 2013 and 2017; Redzone Wireless has received a FAME-backed $4M loan from Camden National Bank to develop its 4G LTE wireless broadband service across portions of Maine.
Northern & Eastern: Two hundred Maine businesses support a proposed national park in the Katahdin region; Ross Manor, an elder care center in Bangor, has agreed to a $1.2 million settlement over allegations of inflated Medicare claims; Cross Insurance purchased Wellesley-based Corcoran & Havlin Insurance Group.
[Editorial staff writers], "Business News from Around the State" (2015). Maine News Index – MaineBiz. 6319.
Full text is not available here. Please contact the Library for a copy of the article.