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Latest Business Updates

Wednesday, May 6, 2020

Movie theater chain closing its Biddeford location


Smitty's Cinema said its Biddeford location was particularly hit hard by the coronavirus pandemic.
 


Many Maine hotels take early loan deferrals as banks look to stave off business closures


Risky lending practices dragged down the U.S. economy during the Great Recession, but banks back on solid financial footing more than a decade later are looking to save businesses driven to the brink of collapse by the coronavirus pandemic.
 


How Maine’s economic reopening compares to plans in other states


Maine began to reopen businesses faster than most other states amid the coronavirus outbreak, but public pressure on Gov. Janet Mills has focused on sectors most sensitive to the summer tourist season as changing plans begin to roll out across the country.
 


Despite the coronavirus pandemic, an Ellsworth brewery plans to expand to Bar Harbor


Whether it takes a few months or a year for Fogtown to fully open the new venue, co-owner Jon Stein said they are confident that it will be a good addition to the brewery’s operations.
 


Angus King calls on USDA to aid Maine’s blueberry and potato growers


Sen. Angus King said the industries that harvest the two crops are in trouble because of changes in market demand since the start of the coronavirus pandemic.
 


CLASSIFIEDS


QUALITY, BUILDABLE LAND EDDINGTON
Chemo Pond 3 Rd., Lot 28, 7.4 acres; buildable land mins. to Bgr/Ells; snowmbl/atv trails; nearby water; $59,000; Kelley & Wally Fenlason, 207-949-7376. Realty of Maine.
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EAST MACHIAS MLS#1282261
Covenants protect investment. Rd front, rights to common lot. Near Gardner Lake. Great opp. Survey says 8.97ac. lot. $26,500 Sunrise Realty, Anita Johnson,
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HAMPDEN MLS#1413707
4 BR/2 BA 1918 farmhouse on 1.2 acs. Spacious fam. rm., huge backyard, 2-car att. gar. & front porch. $169,000 Jean Jenkins, Vacationland Realty, VacationlandRealtyMaine.com
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DEDHAM
Lot # 1 Hillside Dr. Conv. loc. minutes from 1A. Subdivision lot., Elec. at St., septic test avail. Walking trails abound & Lucerne Beach Club nearby. $25,000
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COUNTRY LIVING IN MILO RANCH
3 BR/1.5 BA W/2-car attach gar Deck & nice yard. Big basement. 1-car detach gar & shed w/gen. Near Schoodic & Ebeemee Lakes & KI. Trails nearby. Anne Bailey, DeWitt-Jones Realty, 207-943-3163
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