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Business leaders tackle economic inequality, pandemic in Mainebiz forum


While race- and ethnicity-based economic inequality long predates the pandemic, disparities have widened over the past year, economist Jeff Fuhrer told a Mainebiz virtual forum on Thursday.
Fuhrer, a former top official at the Federal Reserve Bank of Boston, is now executive vice president and chief strategy officer at MassDevelopment, that state s finance and development agency.
In his opening keynote of the Five on the Future discussion, Fuhrer questioned whether the United States is the land of opportunity it purports to be, saying, I d like to believe that s true, but we re pretty far from that.
Backing up that point, he cited 2018 data showing discrepancies in income distribution for Black and Latino families versus white families. ....

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2021 forecast for Maine's nonprofit sector: More need, more challenges in year ahead


After a bumpy ride for many Maine nonprofits during COVID, the head of the Maine Association of Nonprofits predicts a challenging 2021 for a sector that employs one in six Maine workers.
Organizations tested during the pandemic include Auburn-based Good Shepherd Food Bank, which distributed 2 million more meals year-over-year in 2020, and numerous groups that switched to virtual fundraisers or performances when in-person events were impossible.
“Like businesses, the nonprofits that faced the toughest challenges were those meeting emergency essential needs or centered in providing services in person,” Hutchins says.
In 2021, she says that social service agencies expect demand for food and shelter will keep rising, while organizations supporting those with mental health problems will continue to face unprecedented demand. “And our arts and cultural organizations that power many Maine downtowns will still be wondering how to survive without knowing when they will ev ....

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