Mainebiz

W W W. M A I N E B I Z . B I Z 9 A U G U S T 2 4 , 2 0 2 0 the resort's central hub, South Ridge. Construction is expected to begin May 2021 and finish March 2022. N O T E W O R T H Y C E N T R A L & W E S T E R N FirstPark in Oakland announced it hired SVN|The Urbanek Group Advisors in Portland as the official commercial and industrial real estate broker for the business park. The partnership includes finding a potential investor to purchase the 285-acre park. The U.S. Department of Health and Human Services awarded Community Concepts of Western Maine a total of $5.7 million for its Head Start and Early Head Start Programs. United Way of Kennebec Valley in Augusta said it raised $17,298 to support community programming at its 50th Annual Golf Scramble. The U.S. Department of Health and Human Services' Center for Flex Grants Program awarded NorthStar Emergency Medical Services, an affili- ate of MaineHealth's Franklin Memorial Hospital in Farmington, $200,000 to support rural emergency medical ser- vices throughout Franklin County. Bowdoin returns gift of land e Midcoast Regional Redevelopment Authority is try- ing to figure out what to do with 144 acres it gave away more than a decade ago. e parcel is part of 250 acres in Brunswick that the author- ity conveyed to Bowdoin College under a 2007 plan to reuse the former Naval Air Station, now home to Brunswick Landing. According to Steve Levesque, the authority's execu- tive director, the 250 acres were given as a public benefit to Bowdoin, for the purpose of meeting its educational needs. But Bowdoin has since decided it does not have a use for the 144 acres. e only option was to transfer the land back to the authority. In turn, the MRRA is required to develop a plan for reusing the parcel. 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 Ground was broken for a new Veterans Plaza in downtown Brunswick Inc. 5000 taps 12 Maine companies for this year's list B y W i l l i a m H a l l A dozen dozen Maine businesses have made Inc. maga- zine's 2020 list of the 5,000 fastest-growing private companies in the U.S. — and the roster includes familiar names and a few surprises. Portland-based Brickell Men's Products, which produces grooming and skin care items, ranked highest among Maine companies for the second year in a row. Brickell was No. 133, with three-year revenue growth of 2,774%, after ranking No. 76 nationally in 2019, based on growth of 4,208%. Inc. ranks the companies annually according to the per- centage of their self-reported revenue increase over the previous three years. To make the list, businesses must have had revenue of at least $2 million in the most recent year, and be privately held, independent companies, not subsidiaries or corporate divisions. While nine companies returned to the Inc. 5000 being ranked at least once before, there were three first-time honorees: Mast Landing Brewing; Origin, a manufacturer of athletic apparel; and Octane Marketing, an automotive marketing firm. Among the returning companies this year, Tilson is the Maine company with the longest history of Inc. 5000 appear- ances. The technology infrastructure services firm earned its 10th consecutive spot on the list, and is one of only 113 companies with that many rankings — or less than 1% of all honorees in the 39-year history of the Inc. 5000. Covetrus turnaround aided by sale of subsidiary Portland-based Covetrus Inc. (Nasdaq: CVET) appears to be turning around recent financial performance, reporting an uptick in second-quarter revenue and earnings. The animal-health technology and services company, which struggled last year amid leadership changes and recorded a widening net loss earlier this year, recorded net sales of $1.03 billion, an increase of 2% year-over-year for the three months ended June 30. Covetrus' net income was $54 million for the quarter, or 40 cents per share, compared to a net loss of $10 mil- lion, or 9 cents per share, in the second quarter of 2019. For the first quarter of 2020, the company reported a loss of $33 million. Covetrus said the "primary driver" of Q2 earnings was a $70 million after-tax gain on the sale of a European sub- sidiary, Scil Animal Care Co. In addition, organic net sales increased 5% year-over-year, due to growth in the company's prescription management and supply chain businesses. designed by landscape architect Todd Richardson. The plaza will be dedicat- ed on Nov. 11, Veterans Day. Funds for the project, which will cost $386,000, were raised with donations. Puritan will further expand swab production An additional $51.2 million in fed- eral funding will allow Guilford medical device manufacturer Puritan Medical Products to increase pro- duction of COVID-19 flock tip swabs to 50 million per month. e money builds on a $75.5 million con- tract awarded to Puritan in April, which was used to double produc- tion of foam swabs to 40 million per month. Together, the contracts bring Puritan's total production of flock tip swabs and foam swabs to at least 90 million per month as well as allow the company to hire additional employees, according to a news release. e funding comes through the CARES Act. N O T E W O R T H Y N O R T H E R N & E A S T E R N Wabanaki Health and Wellness in Bangor received a total of $1.1 million to help build and expand the commu- nity's public health infrastructure from the Centers for Disease Control and Prevention's Office for State, Tribal, Local, and Territorial Support. B I Z M O N E Y MAINE COMPANIES ON INC. 5000 LIST Rank Company % growth 133 Brickell Men's Products, Portland 2,774% 330 Mast Landing Brewing Co., Westbrook 1,378% 362 Origin, Farmington 1,253% 1,058 STARC Systems, Brunswick 438% 1,133 Anchour, Lewiston 399% 1,148 Octane Marketing, Portland 395% 2,078 Tilson Technology Management, Portland 203% 2,183 Veritas Prime, Portland 192% 3,747 Sea Bags, Portland 96% 3,837 Logically, Portland 93% 4,869 MuniciPay, Portland 58% 4,909 SaviLinx, Brunswick 57% S O U R C E : Inc. P H O T O / T I M G R E E N WAY Tim Hebert is the founder and chairman of Brunswick-based STARC Systems, which appeared on the Inc. 5000 list for the second year. Hebert was named a Mainebiz Business Leader of the Year in March M I D C O A S T & D O W N E A S T N O R T H E R N & E A S T E R N

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