Maine’s Economy Small businesses need targeted relief that Payroll Protection Program does not yet provide On Thursday, Congress enacted a new round of funding for the Payroll Protection Program, or PPP, which provides loans to help businesses cover payroll and other expenses […] James Myall Posted April 24, 2020 Tags Coronavirus, Federal
Maine’s Economy Declining Economic Opportunity and a Shrinking Safety Net: Consequences for Maine There is recent evidence suggesting that progress has been made on some of these trends. The Maine Center for Economic Policy’s State of Working Maine: 2019 report […] Maine Policy Review Posted April 23, 2020 Tags Coronavirus, Economy, Federal
Jobs and Income As jobless rate hits nearly 18 percent, Unemployment Insurance is a critical tool to limit coronavirus transmission At least 14.5 percent of the state’s workforce has lost their jobs since March 15, as Mainers take the necessary steps to limit transmission of the coronavirus […] Sarah Austin Posted April 23, 2020 Tags Coronavirus, Federal, Unemployment
Maine’s Economy Roughly 13 percent of Maine’s workforce has filed unemployment claims in the past month On Thursday, the Maine Department of Labor announced that 13,421 Mainers had filed new unemployment claims in the past week, a decline in weekly claims after three […] Garrett Martin Posted April 16, 2020 Tags Coronavirus, Unemployment
Maine’s Economy How to spend your stimulus check money so it will have the most impact, according to economists Many Americans woke up this week with an extra $1,200 (or more) in their bank accounts. In ordinary circumstances, it would likely be a reason to rejoice—but for the […] Fortune Posted April 16, 2020 Tags Coronavirus, Economy, Federal
Jobs and Income Mainers eligible for $1.3 billion in stimulus payments, but many risk losing out The CARES Act — a $2.2 trillion relief package enacted by Congress to address the fallout from coronavirus — includes a provision for one-time payments to most […] James Myall Posted April 15, 2020 Tags Coronavirus, Federal
Maine’s Economy Economic Policy Institute: More Than 180 Groups Sign on Letter Urging U.S. House, Senate Leadership to Pass $500 Billion in Unrestricted Aid to States, Territories, Local Governments Over 180 organizations across the United States, including the Economic Policy Institute, signed a letter to U.S. House and Senate leadership urging them to quickly pass $500 billion in unrestricted aid to states, […] Targeted News Service Posted April 14, 2020 Tags Coronavirus, Economy, Federal
Jobs and Income Coronavirus relief for frontline workers has big implications for gender and race equity As many sectors of the economy come to a halt, workers in essential service industries are still clocking in to ensure people are able to meet basic […] Sarah Austin Posted April 14, 2020 Tags Coronavirus, Federal, Inequality
Maine’s Economy REPORT: Maine needs significantly more fiscal support to address severe health and economic harms from COVID-19 States are nearing shortfalls that could be the largest on record — totaling more than $500 billion in just over one fiscal year AUGUSTA, Maine — While federal […] Posted April 14, 2020 Tags Coronavirus, Economy, Federal
Health Care Gov. Mills looks to postpone June primary amid coronavirus concerns In the past several days, a number of groups, including AARP of Maine, ACLU of Maine, League of Women Voters, Maine Conservation Alliance and Maine Center for […] Fox Bangor Posted April 8, 2020 Tags Coronavirus