Large banks are assuring their customers that the recent failures of Silicon Valley Bank and Signature Bank of New York aren’t likely to affect the average resident as Maine banks don’t have much reliance on venture capital or cryptocurrency clients.
A bipartisan effort to correct the shortcomings of the 1887 Electoral County Act, which enabled the Jan. 6 insurrection, is likely to pass through the U.S. Senate as long as it receives approval before the lame-duck session ends.
The newly elected Legislature will convene on Dec. 7 for the first time and will immediately face several big issues, including a long-awaited emergency heating and energy assistance package for state residents.
This year’s campaign cycle has reached $23 million, a record for the state’s gubernatorial race. About 90 percent and 40 percent of incumbent Janet Mills’ and Paul LePage’s spending, respectively, have gone to out-of-state vendors.
While the entire nation is struggling amid a worker shortage, Maine’s aging workforce presents unique challenges. Workers that may have previously been overlooked are now being sought out and trained to fill labor gaps.
Gov. Janet Mills and other clean-car advocates argue that obstacles, like cost and availability, can prevent widespread adoption of zero-emission vehicles and the state’s transition must not leave out rural and low-income residents.
A federal judge has approved a settlement between the state and 54 residents who had been on a work-release program but lost COVID-related unemployment benefits when the pandemic stopped their work opportunity.
The Maine Technology Asset Fund, a state-funded $45 million business development program, which has produced little public information, helps protect taxpayer investments, experts say.
The voter-approved Maine Technology Asset Fund awarded private companies with grants to help create new jobs and boost the state’s economy. But after five years, it’s unclear how impactful the investments have actually been.
The federal Inflation Reduction Act includes a provision that would update the tax credit regulations for new electric vehicles to decrease or eliminate foreign-made parts in cars, which could possibly make EVs more expensive.
A study of housing underproduction found that the state was short by approximately 9,000 units, 8,000 of which are in the Portland metropolitan area, the state’s largest city. The state ranks in the middle of other New England states’ deficits.
The state has recovered nearly all jobs lost early during the COVID-19 pandemic, but there has been a distinct change in the job landscape, which has caused near record-high job openings across Maine.
A new law requires the state’s pension system to divest from fossil fuel companies, but making that happen while considering a constitutional requirement to pension members will complicate the process.