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W W W. M A I N E B I Z . B I Z 5 JA N UA R Y 1 3 , 2 0 2 0 Copyright 2020. 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 11 Commentary The housing market in 2020 26 How to Develop a co-branded marketing strategy 27 On the Record Brian Corcoran of Shamrock Sports & Entertainment 28 In Short Newsworthy people and performances 30 The List Maine's largest labor unions 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 Maine leaders share their New Year's resolutions 8 Wealth management experts offer 2020 economic and market outlook 8 Credits & Debits 9 Ask ACE Benefit from innovation 10 Biz Money Maine one of four states with more deaths than births A roundup of Maine's business news 6 P H O T O / J I M N E U G E R Where is Maine real estate heading? Find out at MEREDA's 2020 Real Estate Forecast Conference! Register today: MEREDA.org/events Thursday, January 16 from 9-5 • Holiday Inn by the Bay, Portland • Expert analysis of the 2020 forecast for Maine commercial and residential real estate and construction • Member Showcase with nearly 70 exhibitors • Networking opportunities • Continuing education credits available MEREDA.org (207) 874-0801 Sponsored by: 35 YEARS 1985-2020 Pierce Atwood. There's a reason… The federal Opportunity Zone program is designed to help revitalize and spur economic growth in economically distressed communities by o¤ering developers, investors, and businesses a range of tax incentives. Firm tax partner Kris Eimicke, who has closed transactions involving more than $300 million of tax credit financing, assists clients in taking advantage of this important federal program. If you're interested in learning how you can benefit from the Opportunity Zone program, or have questions about any state or federal tax incentive program, please contact Kris at 207.791.1248 or keimicke@pierceatwood.com. MERRILL'S WHARF • 254 COMMERCIAL STREET • PORTLAND, ME 04101 • PIERCEATWOOD.COM Using the Federal Opportunity Zone Program to Spur Economic Growth in Maine 27