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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 5 , 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. Building out for success. When Jenni Steele and Susan Oliver, co-owners of Island Fishing Gear, discovered damage to their roof after heavy snow, they needed to repair it quickly. Bar Harbor Bank & Trust provided the necessary funds in a very short period of time. We helped them not only fix the roof, but make significant improvements to the building. To see this and other success stories, go to www.bhbt.com/success-stories. Call 207-669-6811 today to connect with our Commercial Banking team. We help businesses write their own success stories. Member FDIC Personal Banking · Business Banking · Wealth Management Over 50 locations in Maine, New Hampshire & Vermont " Becca, our banker, knows her stuff and is the easiest person to work with." —Jenni Steele Investing in Maine's Future Katy Rand EMPLOYMENT LAW Margaret Smith REAL ESTATE, COMMERCIAL DEVELOPMENT Katherine Kayatta CLASS ACTION DEFENSE, COMMERCIAL LITIGATION 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 3 Viewpoints Editor's letter plus Top 10 14 Building Business Car dealership expansions among Maine projects underway 34 How to manage legal risks when outsourcing business functions to the cloud 37 On the Record Bob Smith, majority owner of Sebasco Harbor Resort 38 In Short Newsworthy people and performances 42 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 $500K pledge for Good Shepherd Food Bank 7 A Look Back A recession-era debate rages over R&D spending 9 Ask ACE Selling change to staff people 11 Politics & Co. Mills has signed 606 bills into law. What's next? 12 L.L. Bean set to open first store in Canada 13 Credits & Debits A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 37