Mainebiz

February 7, 2022

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V O L . X X V I I I N O. I I I F E B R UA R Y 7 , 2 0 2 2 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 now, Maine is one of only four states where Costco does not have loca- tions. e others are Wyoming, West Virginia and Rhode Island. Its clos- est locations are in Nashua, N.H., and Danvers, Mass., according to the Costco website. N O T E W O R T H Y S O U T H E R N The Biddeford and Mechanics Savings Charitable Foundation an- nounced that it donated $25,000 to support the Keep ME Warm Fund, providing home heating as- sistance to financially vulnerable Mainers. L.L.Bean donated $22,000 to the Foundation for Portland Public Schools to continue a partnership between Rippleffect, a nonprofit youth and community development organization operating outdoor adventure programming, and Portland's three middle schools. This funding allows students to participate in activities including kayaking, hiking, rock climbing and outdoor team-building activities. New England Cancer Specialists in Scarborough said it became an Affiliate Member of the Dana-Farber Cancer Institute. Affiliate Membership reflects a demonstrated commitment to excellence by meeting a wide array of standards and best practices in oncology care. The Yellow Tulip Project, a men- tal health nonprofit in Portland, received a $250,000 contribution from Unum to help combat the growing youth mental health crisis. United Way of Southern Maine announced grants totaling more than $170,000 to four organiza- tions through its Racial Equity Fund. Recipients included In Her Presence, $76,160; Intercultural Community Center, $40,000; Gateway Community Services Maine, $30,750; and Maine Association For New Americans, $24,051. Habitat for Humanity York County announced that it re- ceived a $10,000 grant from the Webhannet Charitable Foundation in Kennebunk to help build the first of two new homes in Cape Porpoise in 2022. Branding expert Chris Kast has teamed up with graphic designer Angela Smith Wagner on a Portland branding company, Kast + Wagner. FAME backs improvements at Saddleback Workforce housing, additional ski lifts, a new mid-mountain lodge and additional snowmaking equipment are among projects at Saddleback Ski Resort that have received a new round of support from the Finance Authority of Maine. e quasi-independent state agency approved 50% pro rata commercial loan insurance on $5.5 million in financing, or $2.75 million, for Arctaris Impact Investors LLC, a Boston-based fund manager that owns and oper- ates the Rangeley ski area. e financing comes through FAME's Commercial Loan Insurance Program, which insures a portion of a loan to a business made by a participating financial institu- tion or investment firm. e loan insurance is the latest round of support FAME has provided for the Saddleback project. In January 2020, FAME approved commer- cial loan insurance for the project, but the financing was never used and has since expired. FAME also approved a $1 million FAME Direct Loan to Arctaris. UMF will build childcare center University of Maine at Farmington will move forward with the $3.1 million renovation of a former call center at 274 Front St. to create the future home of its Sweatt-Winter Child Care and Early Education Center. e 10,384-square-foot facility will allow UMF to create at least 20 slots for high-quality infant and toddler care in Franklin County, while increasing enroll- ment in the school's early child- hood education programs by at least 20%. UMF received approval for the renovation from the University of Maine System Board of Trustees, and expects to break ground in January 2023. e system trustees authorized UMF to spend up to $3.1 million, contingent on the receipt of public funds already 47 Years of Building Maine B R U N S W I C K 2 0 7-7 2 5 - 4 3 0 4 I N F O @ P O U L I N C O N S T R U C T I O N M E . C O M HOTELS RESTAURANTS ASSISTED LIVING MULTI-USE OFFICE SUITES C E N T R A L & W E S T E R N

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