Mainebiz

October 19, 2020

Issue link: https://nebusinessmedia.uberflip.com/i/1299142

Contents of this Issue

Navigation

Page 9 of 31

V O L . X X V I N O. X X V O C T O B E R 1 9 , 2 0 2 0 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 ORPC, a marine renewable energy com- pany in Portland, announced that it con- cluded summer inspection and mainte- nance of its RivGen device, re-deployed it and resumed operations sending power to the Igiugig, Alaska, community grid. Full Plates Full Potential, a nonprofit in Portland, announced that 1.4 million Universal Meals provided by USDA were served to Maine children this summer, representing a 200% increase com- pared to last summer. The U.S. Department of Transportation Maritime Administration awarded $4.1 million to the Maine Port Authority to provide additional public and private logis- tical assets at Merrill's Marine Terminal with warehousing, breakbulk and dry- bulk–to-container loading capacity. Puritan plans second swab factory Another 200 jobs are on tap for a second medical swab production plant that is now under construction, thanks to a $51.2 million infusion of federal CARES Act funding to meet demand for coronavirus testing. Puritan Medical Products of Guilford on Oct. 12 announced its second major manufac- turing expansion in Pittsfield. e new facility will be located at the former San Antonio Shoe manufacturing site and is expected to increase swab production by an additional 50 million per month. e facility will complement Puritan's first manufacturing plant, at 129 North Main St. in Pittsfield, which was ret- rofitted earlier this year to produce 40 million foam-tipped testing swabs per month. Together, the two plants will bring Puritan's total production of flock tip swabs and foam swabs to at least 90 million per month and will create 600 manufacturing jobs. Cianbro will man- age construction of the second site. N O T E W O R T H Y C E N T R A L & W E S T E R N Central Maine Growth Council award- ed a total of $39,200 to 20 busi- nesses as part of its Waterville Region Small Business Grant, a program that was designed as a method of deploy- ing funds in response to the COVID-19 pandemic and related needs of small businesses in Fairfield, Oakland, Waterville and Winslow. SBA loans key to two hospitality deals U.S. Small Business Administration business purchase incentive program enabled the separate buyers of two Maine inns to close on the transactions. Jacqueline Pierce bought the Inn at Bath, at 969 Washington St., Bath, from Elizabeth Knowlton for an undisclosed price in a deal that closed Sept. 23. e list price was $725,000. Nicole and Matt Irwin bought Acadia Bay Inn, at 12 Miramar Ave. in Sullivan, from Todd and Angela Vafiades for an undisclosed price in a deal that closed Sept. 25. e list price was $1.375 million. Dana Moos of Swan Agency Sotheby's International Realty brokered both transactions. 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 Economic Development Adminis- tration within the U.S. Department of Commerce awarded a $2.17 million grant to the Governor's Energy Office in Augusta to develop a roadmap for establishing an offshore wind power industry. The money will be matched with $267,624 in state funds and $112,457 in local funds. Campbell steps down at engineering firm e James W. Sewall Co., an Old Town engineering and consulting firm established in 1880, has named Charles Nadeau as president, succeed- ing George N. Campbell Jr. Nadeau will direct leadership of Sewall in partnership with CEO Andrew Nelson, and will oversee accounting, human resources and other functions, the company said. Campbell will con- tinue as a Sewall board member and chairman of Sewall's parent company, Yarmouth-based Treadwell Franklin Infrastructure Capital 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 CES Inc., a firm of engineers, environ- mental scientists and land survey- ors, moved its headquarters to One Merchants Plaza, Suite 701 in Bangor. 866.736.2804 | mainebls.com Our focus is on our local business partners. We are open for business and here to provide guidance during this difficult time. EQUIPMENT LOANS COMMERCIAL REAL ESTATE LOANS BUSINESS EXPANSION LOANS Business Lending S O L U T I O N S L L C THE BLS DIFFERENCE Committed to Our Local Communities LOCAL Experienced Lenders LOCAL Decision Making LOCAL Loan Funding LOCAL Services M I D C O A S T & D O W N E A S T C E N T R A L & W E S T E R N N O R T H E R N & E A S T E R N

Articles in this issue

Links on this page

Archives of this issue

view archives of Mainebiz - October 19, 2020