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W W W. M A I N E B I Z . B I Z 5 J U N E 1 0 , 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 In Madison, first phase of housing development is unveiled 22 On the Record Sea Dogs GM Geoff Iacuessa lays out game plan for Hadlock Field upgrades, lease extension 23 In Short Newsworthy people and performances 26 The List Maine's largest certified B Corps 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 A Look Back 'We need to sell Maine': 25 years later, the topic still rings true 8 Ask ACE How do I achieve work-life balance while working in a family business? 9 After COVID delays, Portland cold-storage warehouse set to open by year's end A roundup of Maine's business news 6 P H O T O / J I M N E U G E R 22 207-786-5705 We know how hard you work. Let us work hard for you. mainecb.com Our bankers at Maine Community Bank are local. They know our company, and they know Maine. Sometimes we need to make fast banking decisions, and our banking relationship makes that easy to do. DANIEL COTE THE COTE CORPORATION, AUBURN " Our bankers at Maine " Our bankers at Maine Our bankers at Maine " makes that easy to do. " makes that easy to do. makes that easy to do. MERRILL'S WHARF | 254 COMMERCIAL STREET | PORTLAND, ME 04101 | 207.791.1100 | PIERCEATWOOD.COM ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING: As AI/ML technologies extend their reach into the workplace, Pierce Atwood helps clients understand the opportunities and challenges their businesses now face. Our attorneys are ready to: ■ Provide compliance advice relating to the use of predictive and generative AI, including in product development and marketing ■ Draft generative AI use policies ■ Protect AI-related inventions through patents and other strategies ■ Develop contracting standards and negotiate agreements governing the procurement and delivery of AI solutions and management of model risk To learn more about our AI/ML practice and how we can help your business, contact Matt Stein at mstein@pierceatwood.com or Vivek Rao at vrao@pierceatwood.com. Pierce Atwood. There's a reason...