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W W W. M A I N E B I Z . B I Z 5 M A R C H 1 8 , 2 0 2 4 Copyright 2024. All rights reserved. Mainebiz® (ISSN# 1530-0749) is published bi-weekly 29 times a year, including special issues published in July, September, October and December by New England Business Media LLC. Periodicals postage paid (USPS# 018-715) at Port land, ME and at additional entry points. Postmaster: Please send changes to: Mainebiz, PO Box 330, Congers, NY 10920-0330. Annual subscriptions are available for $84.00 and include Fact Book and Book of Lists. To subscribe, please visit our website at www.mainebiz.biz, email circulation@ mainebiz.biz or call our circulation department at 845- 267-3008. Mainebiz® accepts no responsibility for unsolicited manuscripts and in general does not return them to the sender. 3 Viewpoints Editor's letter plus Top 10 11 Building Business UMaine's tally of athletic center upgrades tops $170 million 38 On the Record Maine Law enrollment 'steady and growing,' Fort Kent rural practice clinic thriving, dean says 39 In Short Newsworthy people and performances 42 The List Maine's largest ESOPs B U S I N E S S M A I N E I N E V E RY I S S U E 6 Waste-to-energy facility could see new life by 2025 8 A look Back Maine's business mix in 1994 ranged from defense industry to 'funky secondhand shops' 8 Politics & Co. Collins, King launch effort to save AM radio in cars 9 Ask ACE How do we increase company value so ESOP shareholders benefit? A roundup of Maine's business news 6 F I L E P H O T O / T I M G R E E N WAY 38 You've got big plans for your business. And no matter what size it is today, the plan is to be bigger and better in the future. Kennebec Savings Bank offers the financial products and solutions to keep up with your growing needs. Call (207) 622-5801 to prioritize your success! www.KennebecSavings.Bank BIG DREAMS NEED BIG SOLUTIONS NOW OPEN AT 53 BAXTER BLVD., PORTLAND MERRILL'S WHARF | 254 COMMERCIAL STREET | PORTLAND, ME 04101 | PIERCEATWOOD.COM Helping Maine Small Businesses Grow and Succeed Pierce Atwood has the business savvy and legal expertise to keep your business on the right track. We help small businesses: ■ Lease or purchase offi ce, lab, manufacturing, or retail space ■ Implement employment protocols, including employee handbooks, trainings, hiring, and wage and hour compliance ■ Negotiate third-party contracts for business- critical systems ■ Resolve state and local tax issues ■ Access fi nancing and investment How can we help your small business? Contact us at info@pierceatwood.com to learn more. Pierce Atwood. There's a reason...