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W W W. M A I N E B I Z . B I Z 5 M AY 1 3 , 2 0 1 9 Copyright 2019. 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 14 Building Business Millinocket Timber Co. goes to great depths — literally 16 How to Navigate the new rules for Opportunity Zones 29 On the Record F.L.Putnam CEO talks about the need for a Portland office 30 In Short New hires and promotions 34 The List Largest investment advisors 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 Nonprofit for at-risk youths launches $6.5M capital campaign 6 Credits & Debits 7 A Look Back A boat that's also a shoe 8 Ask ACE Get over silo mentality in your organization 11 Politics & Co. CMP faces another hurdle on $950M transmission line 13 A new-style anchor for a shopping center in Rockland A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 29 Helping Individuals, Families, and Businesses Create a Secure Future Our trusts and estates practice provides comprehensive and innovative estate planning, gift planning, estate administration, and trust administration services for individuals, families, and businesses. We also offer trustee services, fiduciary representation, probate litigation services, and expertise in Florida estate and tax law. We help closely held businesses plan for the future, providing advice and counsel on succession planning, ownership issues, formation strategies, and the complex employment issues that sometimes arise. Pierce Atwood. There's a reason… pierceatwood.com Merrill's Wharf 254 Commercial Street Portland, Maine 04101 207.791.1100 Molly Liddell Jana Magnuson Barbara Wheaton Griffin Leschefske