Mainebiz

V O L . X X I X N O. X X V O C T O B E R 3 0 , 2 0 2 3 12 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 CMP gets power grid protection Central Maine Power Co. has been awarded $30 million in federal money to make the state's power grid less susceptible to outages. e funding will help CMP add intel- ligent, "self-healing" technologies that reduce the frequency of service disruptions and speed restoration when they occur. e grant will also allow deployment of a transmis- sion switch program to help prevent electricity system faults, particularly those that could affect disadvan- taged communities. e company said it expects to create 100 jobs during the buildout. Storage unit portfolio changes hands Marcus & Millichap Inc. (NYSE: MMI), a commercial real estate brokerage firm headquartered in Calabasas, Calif., said it brokered the sale of a three-property self-storage portfolio in the Kennebec County towns of Chelsea and Vassalboro. e seller is an individual personal trust. e buyer was not disclosed. e purchase price was undisclosed, but the combined list price for the three properties was $4.5 million, a Marcus & Millichap spokesperson told Mainebiz. e addresses are 1203 Eastern Ave., Chelsea; 1250 Eastern Ave., Chelsea; and 1494 North Belfast Ave., Vassalboro. N O T E W O R T H Y C E N T R A L & W E S T E R N The Skowhegan Savings Foundation announced a $1 million multi-year fund dedicated to addressing work- force development needs in the Maine communities that Skowhegan Savings Bank serves. The fund will be awarding grants in partner- ship with nonprofit organizations, local government leaders, business leaders and education programs to address trade, technical and modern educational needs. Main Street Provisions, a retail store offering beverages, specialty food and giftware, opened at 62 Main St. in Waterville. Northeast Delta Dental awarded $665,000 to University of Maine at Augusta to expand the current UMA Lewiston Center Dental Clinic. The funding will allow the clinic to increase enrollment size of dental assisting, expand functions for den- tal assisting students and provide dental hygiene students with addi- tional rotations. The U.S. Department of Justice Office of Community Oriented Policing Services' Law Enforcement Mental Health and Wellness Act grant program awarded $163,462 to the Rumford Police Department to provide greater mental health sup- port to law enforcement officers and their families. Stonington restaurant changes hands A long-time restaurant on the waterfront in Stonington has sold to Bar Harbor restaurateurs who have been in the business for nearly 50 years. Laura and Erik Johnson bought 27 Main St. from Rudi Neumayr of Nereus Investments LLC for an undisclosed price. e list price was $1.195 million. Erica Brooks of Swan Agency Real Estate represented the buyers and Morgan Eaton of e Island Agency represented the seller in the deal. e buyer's lender was Vicki Hall at Machias Savings Bank. e restaurant will be renamed 27 Fathoms Waterfront Grille. e menu will include seafood, steaks and burgers. 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 Around the Table, a full-service custom dining experience for four to 10 guests, began operat- ing in Camden. Island Institute, a community de- velopment organization in Rockland focused on island and coastal communities, received a Rural Business Development Grant in the amount of $86,988 from the U.S. Department of Agriculture. The money will be used in the institute's Tom Glenn Community Impact Fund to provide direct finan- cial assistance to small business- es working in Maine's island and coastal communities. Whether you're starting your first job or retiring from your last, we understand that every financial situation is different ... just like the people we serve. WE'RE A COMMUNITY BANK FOR EVERYONE. Learn more at www.KennebecSavings.Bank M I D C O A S T & D O W N E A S T

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