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V O L . X X V N O. X I I J U N E 1 0 , 2 0 1 9 10 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E largest distributors in the industry. e magazine reported that the privately held Geiger, founded in 1878, had more than 400 employees. N O T E W O R T H Y C E N T R A L & W E S T E R N MaineGeneral Medical Center's Edmund N. Ervin Pediatric Center in Augusta was awarded a one-year, $130,000 grant from the John T. Gorman Foundation to provide home- based parent coaching services for at- risk mothers in the Kennebec Valley. Avesta Housing celebrated the open- ing of the recently converted Mildred M. Fox School in South Paris to Fox School Apartments featuring 12 energy-efficient homes for seniors. Maine eyed by Dutch aquaculture firm Kingfish Zeeland, an aquaculture company in the Netherlands, is looking at two sites in Maine for its planned expansion. e trade publi- cation SeafoodSource reported that Kingfish Zeeland had considered 22 sites along the East Coast as possible locations for a land-based recirculat- ing aquaculture system. e U.S. site that would be larger than the com- pany's Dutch facility, which produces producing 600 metric tons of yellow- tail a year, mostly for European mar- kets. Kingfish Zeeland CEO Ohad Maiman told SeafoodSource that the company had narrowed its list to two possible sites in Maine, but declined to identify the locations. CEI offers lending to aquaculture startups Coastal Enterprises Inc. has created a loan product to help finance shellfish and sea vegetable growers who may not be able to access loans from tradi- tional lending sources. e Sea Farm Loan program is designed specifically for startups that have secured a lease site and have, at minimum, produced their first "crop" with a documented sale. Available only for Maine busi- nesses, eligible applicants can borrow up to $150,000 in loans that can be used for working capital, gear, vessel and equipment purchases, renovations and/or infrastructure construction. Additional factors that CEI considers for Sea Farm Loan approvals include a completed business plan and a minimum of two years of cash flow projections, with reasonable collateral and a personal guarantee. Borrowers are expected to provide evidence that they were declined financing at another institution to be considered. CEI is based in Brunswick. N O T E W O R T H Y M I D C O A S T & D O W N E A S T The U.S. Fish and Wildlife Services awarded $1 million to the Clark Island Wetlands Conservation Project in 800.244.6257 | clarkinsurance.com We love insurance so you don't have to. BORN to insure. Construction on Colby's $26M Lockwood Hotel will begin this summer — Another step forward for Waterville's downtown Committee advances bill that would increase access to solar energy in Maine — The state has some catching up to do Emera Maine to complete installation of new cable to Deer Isle — A step forward for the island's economy Build Maine conference to focus on investment for smart urban design — Smart is good, and planning needs to involve a range of stakeholders Bangor Savings launches 'Parking for a cause' program to benefit 18 nonprofits — An example of doing well by doing good Maine economy near bottom of WalletHub state rankings — A tired story at this point Andy Shepard, founder of Outdoor Sport Institute, to step down — Another challenge for a nonprofit that lost its primary funder three years ago A Look Back: A novel idea for waterfront museum in Portland — Alas, the submarine museum sank before it could float MaineHousing drops interest rate to attract more first-time homebuyers — Which is great, but there also needs to be more housing to choose from Maine sues Purdue Pharma over 'deceptive' marketing of opioid drugs — Is it too little too late? C R E D I T S & D E B I T S M I D C O A S T & D O W N E A S T

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