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Maine’s Economy

Policy Memo: Distribution of Coronavirus Relief Funds in Maine

The following is a reproduction of a memo produced by MECEP policy analysts Sarah Austin and James Myall for the Governor’s Economic Recovery Committee. To see the […]

Sarah Austin
Posted July 1, 2020
Tags Coronavirus, Recession
Maine’s Economy, Taxes and Budget

Maine can’t afford for Congress to miss the mark on COVID-19 emergency funding

A bipartisan consensus is building for Congress to pass additional emergency funds for states to help fight the pandemic, maintain health care for low-income families and seniors, […]

Sarah Austin
Posted May 22, 2020
Tags Coronavirus, Federal, Recession
Maine’s Economy

Maine’s economic recovery panel includes 20 business leaders, one worker representative

The group is chaired by Josh Broder, CEO of Tilson, a Portland IT firm, and Laurie Lachance, president of Thomas College and a former state economist. Members […]

Beacon
Posted May 9, 2020
Tags Economy, Recession
Taxes and Budget

Maine likely to see revenue shortfall

The Maine Center for Economic Policy is predicting a major shortfall in state revenue in the next fiscal year, a prediction that could have a significant impact […]

Fox Bangor
Posted May 8, 2020
Tags Economy, Recession, Revenue
Taxes and Budget

Congress must act boldly to protect Maine families, communities from harm

Maine faces a revenue shortfall of at least $1.2 billion in the next fiscal year. If unaddressed, this fiscal crisis would hurt families and communities, and make the recession worse. Congress must include state fiscal relief in the next coronavirus bill.

Mario Moretto
Posted May 8, 2020
Tags Coronavirus, Federal, Recession
Maine’s Economy

Committee to look at easing long-term COVID-19 economic impact on Maine

Janet Mills announced Wednesday that she is convening an Economic Recovery Committee, with members drawn from across Maine industries, that will develop recommendations to mitigate the  economic damage […]

MaineBiz
Posted May 7, 2020
Tags Coronavirus, Economy, Recession
Maine’s Economy

Governor Mills Convenes Expert Committee to Advise on State’s Economic Recovery

Governor Janet Mills announced today that she is convening an Economic Recovery Committee charged with developing recommendations to mitigate the damage to Maine’s economy caused by the […]

WAGM
Posted May 7, 2020
Tags Coronavirus, Economy, Recession
Maine’s Economy

Report: Coronavirus-Triggered Economic Downturn Unprecedented, Hitting Low-Wage Workers Hard

That’s one conclusion in a new report from the left-leaning Maine Center for Economic Policy. Report author Sara Austin says that in the Great Recession of a decade ago, the […]

Maine Public
Posted April 6, 2020
Tags Coronavirus, Economy, Recession
Maine’s Economy

Beacon podcast: Maine’s pandemic recession will be fastest, deepest in modern history

Sarah Austin of the Maine Center for Economic Policy joins the podcast this week to discuss her new report on the economic ramifications of the pandemic on Maine and […]

Beacon
Posted April 3, 2020
Tags Coronavirus, Economy, Recession
Jobs and Income, Maine’s Economy

Maine unemployment claims hit new record of nearly 24,000 last week

The present recession is unique because it was triggered by measures intended to limit virus transmission and prevent the health care system from being overwhelmed, [MECEP policy […]

Posted April 2, 2020
Tags Coronavirus, Economic Security, Economy, Federal, Recession, Unemployment
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