Economy

🔒Maine’s wage disparities take center stage on Equal Pay Day

"The wage gap remains a reality we must confront," Maine Labor Commissioner Laura Fortman said on Thursday's National Equal Pay Day. The designation represents how far into the year women in the U.S. just have worked in 2026 to earn what men made in 2025.

January immigration raids took toll on Maine’s economy, report says

The Maine Center for Economic Policy estimates that ICE's “Operation Catch of the Day" reduced taxable retail sales by around $3.4 million during the 10-day period in the areas most directly affected by the raids.

Maine’s clean energy sector growth outpaces New England, US

An analysis found that clean energy jobs grew three times faster than the state’s overall workforce.

Boston Fed chief opposes near-term rate cuts, wary on inflation

“My baseline features a still-uncertain inflation picture, with continued upside risks,” Susan M. Collins told a business gathering on Friday.
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🔒Middle East conflict casts shadow over Maine energy prices, economy

“When energy costs rise, everyone feels it — at the gas pump, in heating bills and in grocery prices,” an economics professor at the University of New England College of Business told Mainebiz.

Maine logging and trucking contributes $534M to economy, study shows

A study released by the Professional Logging Contractors of the Northeast values Maine's logging industry at $534 million.

🔒Maine’s population hits new high, fueled by incoming residents

A decline of 5,019 people was offset by 7,406 new residents from other states and another 4,040 from international migration.

🔒Mills unveils housing plan, pledges to defend democracy ‘with everything I have’

Maine's Democratic governor and U.S. Senate candidate aims to use funds from the state's Rainy Day Fund to build 825 dwellings, including 530 new homes and apartments for middle-class families.
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🔒Tariff ‘rollercoaster,’ workforce pressures to cloud US economy in 2026, state expert says

Tariffs “were a rollercoaster ride last year, and that rollercoaster does not seem to be easing up at all this year,” Maine State Economist Amanda Rector told a Mainebiz forum on Wednesday.

🔒Chambers: Portland-area businesses face rising costs, other challenges

Greater Portland enters 2026 with a strong economic foundation and a vibrant business community, yet employers face very real pressures, according to Quincy Hentzel, president and CEO of the Portland Regional Chamber of Commerce.
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