Business and Economy

Business news

AUGUSTA, Maine - May 1 marks the traditional opening of the state's season for outdoor farmers markets, and there are more of them than ever in Maine.

That's according to the Maine Department of Agriculture, Conservation and Forestry. Officials with the agency say there are currently more than 125 farmers markets in Maine.  That's up from 100 in 2012 and 63 in 2007.

PORTLAND, Maine — The Nova Scotia government is committed to spending another $13 million this season on the ferry service between Portland, Maine, and Yarmouth, Nova Scotia.

The Nova Star will start its second season on June 1 in better shape than its inaugural season, with increased charter bus bookings in addition to the subsidy from the Nova Scotia government.

Spokesman Dennis Bailey tells the Portland Press Herald that the company is optimistic about an increase in ridership. The inaugural season brought about 59,000 passengers, far less than the goal of 100,000.

PORTLAND, Maine - New Hampshire's U.S. senators say the federal government is giving $2.3 million in fishery disaster funds to New Hampshire, Rhode Island and Maine.

Democratic Sen. Jeanne Shaheen and Republican Sen. Kelly Ayotte say the money will assist fishermen who are struggling with cuts to catch limits.

Deep cuts to the Gulf of Maine cod quota go into effect on Friday. The senators say the money released on Thursday is part of a larger allocation of $32.8 million in New England fishery disaster funds that was announced last year.

PORTLAND, Maine - Time is almost up for New England fishermen before deep quota cuts limit their ability to fish for cod.

The New England Fishery Management Council voted last year to reduce the total allowable Gulf of Maine cod catch limit from 1,550 to 386 metric tons starting on Friday. The quota cut will also reduce fishermen's ability to land haddock, pollock and hake. Dealers say they expect prices for local fish to creep up this summer because supply will be lower than previous years.

PORTLAND, Maine - The union representing more than half of MaineToday Media's nearly 400 employees says its members are anxious about the company's latest ownership change.