Issue link: https://nebusinessmedia.uberflip.com/i/1011296
W W W. M A I N E B I Z . B I Z 3 A U G U S T 6 , 2 0 1 8 August 10, 2009 V O L . 1 3 N O . X X M A I N E ' S B U S I N E S S N E W S S O U R C E $ 1 . 0 0 Feds boost bank loans, spending B y R e B e k a h M e t z l e R A federal program designed to pump cap A federal program designed to pump cap A - ital into the nation's banks has driven up A ital into the nation's banks has driven up Acommercial lending at the four Maine Acommercial lending at the four Maine A banks that collected more than $50 million from the effort. The Capital Purchase Program, created as part of the Targeted Asset Relief Program enacted last fall, was aimed at providing healthy, well-capitalized banks with $218 bil- lion total in additional funds to ensure contin- ued lending. The federal government provided the capital to banks by purchasing non-voting stocks and participating banks agreed to pay a 5% dividend rate per year for the first five years. After five years, the rate jumps to 9%. Steven Ward, senior vice president and CFO of The First Bancorp in Damariscotta, says his bank's total risk-based capital is now above 14%, up from 11% at the end of last year. "In addition to giving us greater ability to weather the current economic storm, it also provides us with more of an opportunity to work with borrowers who are struggling to remain current on their payments," he says. a l s o I n s I d e Continued on page 6 August 10, 2009 V O L . 1 5 N O . 1 7 M A I N E ' S B U S I N E S S N E W S S O U R C E $1.00 p h o t o / dav i d a . ro d g e r s p h o t o / dav i d a . ro d g e r s Private high schools urge better college recruitment of Maine's foreign students; a new program cultivates elite entrepre- neurs; why older learners need laptops, too; and more, starting on page 24. Moveable feast Farmer Penny Jordan takes her radishes on the road, in Newsworthy. Page 3 Mastering domain Michael Gurau on when to value experience, in Venture Builder. Page 23 Hospital chic A Richmond entrepreneur jazzes up the johnny, in New Ventures. Page 30 E D U C A T I O N & T R A I N I N G F O C U S p h o t o s / dav i d a . ro d g e r s ; K r i s d o o dY p h o t o / J o e p h e L a N Visit us online to sign up for Portlandbiz: a weekly e-newsletter from Mainebiz a weekly e-newsletter from Mainebiz a covering the latest goings-on in the greater portland area business community — sent to your inbox every tuesday. tuesday. t sign up at www.mainebiz.biz/portlandbiz. M A N U FA C T U R I N G : Kathie Leonard President and CEO, Auburn Manufacturing Inc. H E A LT H C A R E : Kris Doody CEO, Cary Medical Center N O N P R O F I T : Ruth Libby Executive director, Ruth's Reusable Resources W O M A N - O W N E D B U S I N E S S : Wendy Newmeyer President, Maine Balsam Fir Products S C I E N C E A N D T E C H N O L O G Y : Jean Hoffman President, Putney Inc. C O N S T R U C T I O N : Beth Sturtevant President, CCB Inc. Woman-owned businesses are growing at twice the rate of all U.S. firms, according to the U.S. Small Business Administration. Which made us wonder, "Who, and where, are these burgeoning women business leaders?" Let us introduce you to six of them — remarkable women, respected leaders — starting on page 16. Sponsored by: August 9, 2010 V O L . 1 3 N O . X X M A I N E ' S B U S I N E S S N E W S S O U R C E $ 1 . 0 0 Paper and pulp demand rebounds B Y W H I T R I C H A R D S O N A fter one of the worst years in memory, Maine's pulp and paper industries are bouncing back as myriad factors — from global pulp shortages to a short Maine winter — have combined to increase demand and prices for the mills' products. Maine's paper production dropped from 3.8 million tons in 2007 to 2.8 million tons in 2009, the lowest level since the late 1970s, forcing mills to lay off workers and idle machines. "Last year was a terrible year," says Keith Van Scotter, CEO of Lincoln Paper & Tissue, which operated at below capacity for most of the year. But the effects of the recession that stalled demand last year have begun to ease, position- ing Maine's paper industry for a strong third quarter. Production has picked back up and most mills are again running at full capacity, according to Don White, CEO of Prentiss & Carlisle, a timber management company in Bangor that tracks the state's forest products industry. A l S O I N S I D e Continued on page 6 August 9, 2010 V O L . 1 6 N O . 1 7 M A I N E ' S B U S I N E S S N E W S S O U R C E $1.00 p h o t o / A M B E R WA p h o t o / A M B E R WAt E R M A N Employers adjust to the realities of Maine's increasingly 55-plus work force; an adult education adviser highlights costly overlaps with community college curricula; and Susan Swanton of the Maine Marine Trades Association reports on a $14 million grant's impact on the boatbuilding industry, starting on page 26. Sole proprietors Mike Rancourt and his son, Kyle, beat feet to meet pent-up demand for Maine-made footwear, in Newsworthy. Page 3 Appetite for success Elizabeth Banwell introduces young entrepreneurs developing local food systems, in The Third Sector. Page 24 Document demolishers Disabled workers at SecureRMS destroy clients' confidential information, in New Ventures. Page 32 E D U C A T I O N & T R A I N I N G F O C U S Visit us online to sign up for Portlandbiz: the weekly e-newsletter from Mainebiz is your guide to the latest goings-on in the Greater portland area business community — sent to your inbox every tuesday. tuesday. t Sign up at www.mainebiz.biz/portlandbiz. p h o t o S / t I M G R E E N WAY P R O F E S S I O N A L S E R V I C E S : Lisa Dickson Regional manager and principal scientist, Kleinfelder/S E A Consultants C O M M U N I C AT I O N S : Susan Corbett CEO, Axiom Technologies LLC T E C h N O L O G y : Susan MacKay President, Zeomatrix C O N S T R U C T I O N A N D R E A L E S TAT E : Mary howes President, Howie's Welding & Fabrication; managing principal, Otis Mill Ventures N O N P R O F I T : Nan heald Executive director, Pine Tree Legal Assistance Profiles begin on page 17 Sponsored by: August 8, 2011 V O L . 1 3 N O . X X M A I N E ' S B U S I N E S S N E W S S O U R C E $ 1 . 0 0 Developers hail credit renewal B Y J A C K I E FA R W E L L N athan Szanton, one of the most recog- nizable names in southern Maine devel- opment circles, has spent more than a decade building hundreds of housing units in the state. But a project restoring an aging textile mill in Biddeford has set Szanton on a new profes- sional course, one based solely on rehabilitating historic buildings to their former glory. Szanton has reasons both philosophical and practical for narrowing his efforts, all of them hinging on a decision by legislators in the last session to extend the state's three-year-old his- toric preservation tax credit program for another decade. "It was because of the extension of the credit that I'm changing my focus," he says. Lawmakers pushed the program's expiration date, originally scheduled for 2013, back 10 years, delighting real estate professionals and preservation advocates who say the credit spurred development and created jobs during the economic downturn. A L s o I n s I d E Continued on page 6 August 8, 2011 V O L . 1 7 N O . 1 7 M A I N E ' S B U S I N E S S N E W S S O U R C E $1.00 p h o t o / t I M G R E E N WAY I M G R E E N WAY Augusta economic development chief Mike Duguay cultivates entrepreneurs in the classroom, and educators prep northern Maine for a landmark cultural event, starting on page 22. Air waves Radio personality Deb Neuman shakes up the DECD, in Newsworthy. Page 3 Small towns, big money Michael Small towns, big money Michael Small towns, big money Gurau details momentum behind rural investments, in Venture Builder. Page 13 Getting schooled Which Maine private school boasts the highest enrollment? Find out, in By the Numbers. Page 34 p h o t o s / t I M G R E E N WAY E D U C A T I O N / T R A I N I N G F O C U S Visit us online to sign up for The Daily: Join the 9,000 people in Maine's business community who read the Daily, a summary of the top Maine business news of the day, by signing up at mainebiz.biz Sponsored by: H e a lt H c a r e : colleen Hilton CEO, VNA Home Health & Hospice e d u c at i o n : danielle ripich President, University of New England n o n p ro f i t : patricia Quinn Executive director, Northern New England Passenger Rail Authority W o m a n - o W n e d b u S i n e S S : beth Shissler President, Sea Bags m a n u fa c t u r i n g : louise Jonaitis CEO, Saunders Bros. at Locke Mills LLC profiles begin on page 15 August 6, 2012 V O L . 1 3 N O . X X M A I N E ' S B U S I N E S S N E W S S O U R C E $ 1 . 0 0 A woman of letters Theo Kalikow, new head of the University of Southern Maine, talks about priorities, in Newsworthy. Page 3 Blend and smooth Suggestions on integrating life and work, in Views from the Top. Page 31 Plain language Tips on communicating clearly, in Advice Squad. Page 32 Jay Pinkerton of Lincoln Academy talks shop about reviving the trades; state program helps pay employees' student debt; Thomas College prez connects careers and education, starting on page 26. Broadband network nears completion B Y K E N N E T H Z . C H U T C H I A N S uperb summer weather in Maine has done more than make a drought-weary nation envious of the Pine Tree State. It is pushing the completion of a 1,100-mile fiber optic network ahead of schedule by two to three months. Maine Fiber Co., the firm created three years ago to oversee construction of the Three Ring Binder project, has completed construction of the historic network, with the economic intent of linking small businesses and large rural regions to their potential. "We are currently finishing up with splicing and testing," says Jeff McCarthy, vice president of business development at Maine Fiber. "We expect to make a formal announcement of the comple- tion in September when we have all the accep- tance testing completed." The original timetable pegged construction completion at the end of 2012, says McCarthy, noting that excellent out- 2012, says McCarthy, noting that excellent out- 2012, says McCarthy, noting that excellent out door working conditions helped move the proj- ect along at a quick pace. A l s o I N s I d E Continued on page 6 August 6, 2012 V O L . 1 8 N O . 1 7 M A I N E ' S B U S I N E S S N E W S S O U R C E $2.00 Visit us online to sign up for the Daily Report: The noontime enewsletter from Mainebiz is all you need to know about statewide business news — sent to your inbox every day. Sign up at www.mainebiz.biz/enews. Profiles begin on page 18 Manufacturing carolyn Brodsky President, Sterling Rope nonProfit Blaine grimes Chief development officer, Gulf of Maine Research Institute Professional services Melissa smith President of The Americas, Wright Express He altH care lisa letourneau Executive director, Maine Quality Counts WoMan-oWned coMPany Pam allen Owner of Quince & Co. SPONSOREd by E D U C A t I O N / t R A I N I N g F O C U S p h o T o / a M b e r waT e r M a n Claire KiedrowsKi K a p pa M a p p i n g i n c . shannon Kinney D r e a M L o c a L D i g i ta L Beverly neugeBauer & dr. BarBara slager c o a s ta L Wo M e n ' s H e a Lt H c a r e sandra stone M a i n e a n g e L s i n v e s t M e n t n e t Wo r K F O C U S e D u c at i o n / t r a i n i n g T H E L I S T s e e W H o ' s n e x t o n pa g e 4 6 » Cheverus High School tops our list of Maine's largest private schools. sp onsoreD By p ro f i L e s s ta r t o n pa g e 1 4 » H ere it is, our fifth year of Women to Watch, the annual issue where we shine a spotlight on exceptional female executives. e genesis of Women to Watch was in early 2009, when the Mainebiz editorial staff hung all the covers of the previous year's issues on a wall and realized we were looking at a lot of male faces. is occurred at the same time we were writing stories about the rise of women in business based on U.S. Small Business Administration reports and American Express' annual "State of Woman-owned Business Report." Hmmm, where were these women in Maine? We decided to find out. is year we received dozens and dozens of Women to Watch nominations. From those, we culled and then vetted the best — truly outstanding executives who manage their companies and organizations with courage, smarts and vision. e five women we present in this issue develop and deliver products as diverse as aerial maps, health care, digital media and dollars — big dollars. (And one actually delivers babies.) ey all miti- gate short-term obstacles, then motivate and manage their teams toward long-term accomplishments. We are inspired by their stories. You will be, too. p H o t o s / t o p : a M B e r Wat e r M a n ; Bo t t o M : t i M g r e e n W ay $2.00 August 5, 2013 VO L . X I X N O. X V I I www.mainebiz.biz F O C U S S o u t h e r n M a i n e mainebiz.biz / printsub / printsub / S U B S C R I B E S e e w h o ' S n e x t o n pa g e 4 6 » Michael Dubyak, former president/ CEO of WEX Inc., tops a list of Maine's highest-paid executives in 2013. EllEn BElknap Margo Walsh aMBEr laMBkE laurEn WaynE Claudia raEsslEr Sp onSored By P r o f i l e s s t a r t o n P a g e 1 6 » M aine is awash in high-profile, accom- plished women. We have female leaders in Congress, the U.S. Senate, executive suites in public companies and board rooms, but also manufacturing sites, healthcare companies and in the farm-to-table supply chain. Yet the journey continues. Now in its sixth year, the Mainebiz Women to Watch award started in response to the lack of women on the cover of our own publication, as well as to growing evidence that women were, in fact, assuming more control of executive suites and Senate chambers and small businesses. is year we were pleased to see nominations from across the state and across industry lines. e women profiled in this issue are just a fraction of the women in leadership positions around the state. ey represent the fields of architecture, manufacturing, staffing, entertain- ment and agriculture. ey're women that have faced challenges, personally and professionally, and found ways to get things done. ey're resourceful, creative, resilient, independent minded, hardworking, thoughtful and smart. And we're proud to present them as our 2014 Women to Watch. p h o t o S / t o p r i g h t : a M B e r wat e r M a n ; o t h e r S : t i M g r e e n way T H E L I S T August 11, 2014 Vo L . x x n o. x V i www.mainebiz.biz T H E L I S T F O C U S G R E AT E R B A N G O R mainebiz.biz / printsub S U B S C R I B E S E E W H O ' S N E X T O N PA G E 4 2 » Hannaford Bros. Co. tops our list of Maine's largest private employers. P H O T O S / W I L L I A M T R E VA S K I S KRISTEN MIALE GENA CANNING HEATHER SANBORN LOIS SKILLINGS PRESEN T ING SP ONSORS P RO F I L E S S TA R T O N PA G E 1 6 » Mainebiz is proud to present the 2015 Women to Watch. This year's honorees have shown the skill, tenacity and smarts to make a difference not only at their own companies or organizations, but in their particular industries as well. Maine is the stronger for their efforts. We think you'll enjoy their stories. $2.00 August 10, 2015 VO L . X X I N O. X V I I www.mainebiz.biz T H E L I S T F O C U S C O R P O R AT E P R I VA C Y & S E C U R I T Y mainebiz.biz / printsub S U B S C R I B E Jonathan Ayers, president and CEO of IDEXX, tops our list of Maine's highest- paid public company executives. P H O T O S / T I M G R E E N WAY S E E W H O ' S N E X T O N PA G E 3 8 » PRESEN T ING SP ONSORS P RO F I L E S S TA R T O N PA G E 1 4 » Mainebiz is proud to present the 2016 Women to Watch. This year's honorees are well-regarded leaders in Maine who also recognize the value of mentorship — not only the teachers they've had but also the guidance they provide to other leaders, colleagues and even their kids' soccer teams. L I N D S AY S K I L L I N G D E A N N A S H E R M A N D E B R A D. TAY L O R A N D R E A C I A N C H E T T E M A K E R $2.00 August 8, 2016 VO L . X X I I N O. X V I I I www.mainebiz.biz F U L L C O N T E N T S O N PA G E 4 F O C U S C O R P O R AT E S E C U R I T Y 36 Cyber notebook Check out some of the latest trends in corporate security and cybersecurity. 0 50 100 150 200 250 300 350 400 450 500 Hospitality Education Technology Financial Services Retail Other Industries Government Health Care 2013 2014 2015 2016 32 Cyber crime Maine experts in corporate security talk about how to protect vital business records. P H O T O S / T I M G R E E N WAY PRESEN T ING SP ONSORS Mainebiz is proud to present the 2017 Women to Watch. This year we had so many great nominees, we named five honorees instead of the traditional four. They come from a range of industries and each have an interesting story to tell. Each is a strong leader in her own way — and we think you'll agree these Women to Watch are blazing a trail in the Maine economy. PATRICIA ROSII ELIZABETH HAYESI DANIELLE M. CONWAYI DEIRDRE WADSWORTHI NANCY STROJNYI P R O F I L E S S TA R T O N P A G E 1 4 $2.00 August 7, 2017 VO L . X X I I I N O. X V I I I www.mainebiz.biz 2009 Kris Doody / Jean Hoffman / Ruth Libby Wendy Newmeyer / Beth Sturtevant / Kathie Leonard 5 Welcome letter From Donna Brassard, Mainebiz publisher 4 2010 Susan Corbett / Lisa Dickson / Mary Howes Nan Heald / Susan MacKay 8 2011 Colleen Hilton / Louise Jonaitis / Danielle Ripich Beth Shissler / Patricia Quinn 10 2012 Pam Allen / Carolyn Brodsky / Blaine Grimes Dr. Lisa Letourneau / Melissa Smith 12 2013 Claire Kiedrowski / Shannon Kinney / Bev Neugebauer Sandra Stone / Dr. Barbara Slager 14 2014 Ellen Belknap / Amber Lambke / Margo Walsh Lauren Wayne / Claudia Raessler 16 2015 Kristen Miale / Gena Canning / Lois Skillings Heather Sanborn 18 2016 Andrea Cianchette Maker / Lindsay Skilling Deanna Sherman / Debra Taylor 20 2017 Danielle Conway / Patricia Rosi / Elizabeth Hayes Nancy Strojny / Deirdre Wadsworth 22 2018 Dava Davin / Kristina Egan / Joan Fortin / Clayton Spencer 24 Contents