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W W W. M A I N E B I Z . B I Z 5 A U G U S T 6 , 2 0 1 8 Copyright 2018. All rights reserved. Mainebiz® (ISSN# 1530-0749) is published bi-weekly 29 times a year, including special issues published in July, September, October and December by New England Business Media LLC. Periodicals postage paid (USPS# 018-715) at Port land, ME and at additional entry points. Postmaster: Please send changes to: Mainebiz, PO Box 330, Congers, NY 10920-0330. Annual subscriptions are available for $47.95 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz.biz, email mainebiz@ cambeywest.com or call our circulation department at 845-267-3008. Mainebiz® accepts no responsibility for unsolicited manuscripts and in general does not return them to the sender. Subscriber list: We make a portion of our subscriber list available to reputable firms for one-time use. If you would prefer that we not include your name, please call Donna Brassard at 207-761-8379 x327 or email her at donnab@mainebiz.biz. 3 Viewpoints Editor's letter plus Top 10 13 How to Maximize your greatest asset — your employees 31 On the Record Jed Porta, third-generation operator of Migis Lodge 32 In Short Newsworthy people and performances 34 The List Maine's highest-paid public company executives B U S I N E S S M A I N E I N E V E RY I S S U E 6 Next governor urged to invest $100M in Maine broadband 7 Credits & Debits 8 Ask ACE Identify and use Key Performance Indicators 11 Biz Money KeyBank promotes Kelley to Maine market president 12 An island inn hits the market at $1.975 million A roundup of Maine's business news 6 P H O T O / F R E D F I E L D 31 About 51,000 hours, actually, on average. And over that time, you've worked, sacrificed, lost sleep, and even saved a few bucks along the way. Our team will honor this lifelong effort with the same level of dedication—and the same work ethic—that it took to realize your dreams. IT TAKES A LOT OF WORK TO RETIRE. Securities and investment products are not bank deposits, are not insured by the FDIC or any other government agency, are not obligations of, nor guaranteed by, any bank or bank affiliate, and may involve investment risk, including the possible loss of value or principal amount invested. Investment Management. Retirement Planning. Trust Services | firstadvisorsonline.com | 866-563-1900 PROTECTING DREAMS | First Advisors Investing in Maine's Future Katharine Rand EMPLOYMENT LAW Margaret Smith REAL ESTATE, COMMERCIAL DEVELOPMENT Sarah Tracy ENERGY LAW Emily L. Cooke BUSINESS LAW Rebecca Greenfield REAL ESTATE, COMMERCIAL DEVELOPMENT Katie Minervino IMMIGRATION LAW Molly Liddell TRUSTS & ESTATES For over 125 years, Pierce Atwood has built a reputation in Maine as a firm that attracts and retains superb legal talent, delivering superior client satisfaction and exceptional value. Our attorneys have helped startups grow into vital Maine businesses, advised companies on succession planning and valuation, navigated financing and land use issues for major real estate developments, facilitated strategic acquisitions and mergers, protected ideas and new technologies, and assisted employers in recruiting and retaining skilled employees. How can we help take your business to the next level? Let us know. We're here to help. Pierce Atwood. There's a reason… Merrill's Wharf • 254 Commercial Street • Portland, Maine 04101 • pierceatwood.com