Mainebiz

W W W. M A I N E B I Z . B I Z 7 D E C E M B E R 1 2 , 2 0 2 2 The Finance Authority of Maine approved a $1.2 million term loan for KV Tooling Systems LLC, a precision tool manu- facturer in Augusta. Funding includes a $600,000 FAME direct loan and $600,000 from the Grow Maine Program. The fund- ing will allow for investment in a new CNC machine and prep-and-finish equipment. It will also fund construction of an addition to the property, and provide ongoing work- ing capital. KV Tooling Systems, founded in 2002 in owner and President Brian Beland's basement, is now located at 2459 N. Belfast Ave. in Augusta. Champoux Insurance Agency in Lewiston donated $10,000 to Make-A-Wish Maine that will provide one wish to a child in their own state who has been diagnosed with a critical illness. Norway Savings Bank said it will donate $15,000 to the Indigo Arts Alliance in Portland to support the mission and programming, which includes a residency program for international artists of many disciplines that makes connections with Maine-based Black and Brown artists. Geiger, a promotional products distribu- tor in Lewiston, announced a partnership with the Roux Institute at Northeastern University to develop and expand the company's digital and analytic needs. UScellular donated 25 wireless hotspots and two years of ser vice valued at $28,150 to New Hope Midcoast in Rockland as part of its After School Ac- cess Project. Bar Harbor Wealth Management an- nounced that, through the Hattie A. & Fred C. Lynam Trust, a total of $140,000 was awarded to 44 organizations serv- ing the people of Mount Desert Island. NorState Federal Credit Union in Mada- waska announced the retirement of Susan Whitehead. Whitehead has been with the credit union for 34 years, the past nine years as president and CEO. Community Health and Counseling Ser- vices in Bangor, in collaboration with the city of Bangor and supported by grant funding from MaineHousing, announced the implementation of the Landlord Liai- son Project to meet the housing needs of people experiencing homelessness in Penobscot and Piscataquis counties, with a focus on those experiencing un- sheltered homelessness. C R E D I T S & D E B I T S Bath Iron Works contributed $980M to Maine GDP last year — Along with Portsmouth Naval Shipyard, a whole lot of economic impact from the Navy Developer tackles high interest rates with 'buydown' — Savvy move offering a 2% mortgage in the present rate environment New program to help address shortfall of affordable rentals — Every bit helps Acadia Park entrance fee hike touted to address $65M in repairs — With rising costs, we wonder if the increase will make a dent in the maintenance backlog A real estate report touts proximity to a Trader Joe's or Whole Foods, but here's the caveat — With or without the stores nearby, Maine's median home price went up 61% over five years Industry decries Whole Foods suspension of lobster sales — Let the lobbying effort begin F I L E P H O T O / T I M G R E E N WAY 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 M I D C O A S T & D O W N E A S T 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 N O R T H E R N & E A S T E R N N O T E W O R T H Y C E N T R A L & W E S T E R N C E N T R A L & W E S T E R N

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