Issue link: https://nebusinessmedia.uberflip.com/i/1521961
W W W. M A I N E B I Z . B I Z 7 J U N E 1 0 , 2 0 2 4 nine Maine food companies were se- lected for the 2024 CEI Tastemakers Initiative with each receiving a portion of a $225,000 grant to invest in grow- ing their businesses. Glacial Multimedia Inc., a specialized medical marketing agency in Portland, announced it is transitioning to an Employee Stock Ownership Plan. Partners Bank in Sanford donated $25,000 to The Kita Center in North Berwick to support the expansion of Camp Kita. Southern Maine Agency on Aging in Biddeford said it is opening a new service hub in the Anderson Learning Center in Springvale to make ser- vices more accessible to people living in Acton, Alfred, Lebanon, Newfield, North Berwick, Sanford, Springvale, Shapleigh and Waterboro . MaineHealth in Portland announced that CFO Albert Swallow III will retire in early 2025. Swallow began his career in 1994 at Maine Medical Center, where he held various leader- ship roles for more than two decades until he was appointed to his current role in 2015. PPP fraudster gets 2 years in prison A Norway man has been sentenced to two years in prison and ordered to pay $253,646 in restitution for fil- ing fraudulent applications for loans from the federally funded Paycheck Protection Program. Merton Weed Jr., 52, pleaded guilty in October and was sentenced May 31 by U.S. District Judge Nancy Torresen in Portland. e prison term is to be followed by three years of supervised release. Court records show that between May 2020 and January 2021, Weed filed eight fraudulent PPP loan appli- cations with four different lenders and received $243,745 in PPP funds, according to a press release issued by the U.S. District Attorney's Office for the District of Maine. In his appli- cations, Weed listed false average monthly payrolls and employee num- bers for businesses that did not exist, and submitted falsified bank records as supporting documents. C E N T R A L & W E S T E R N woodhullmaine.com Make new connections with the Rangeley business community! PRESEN T ING SP ONSOR REGIONAL SP ONSORS J U N E 2 7 / 4 – 6 P M / S A D D L E B A C K S K I A R E A & B I K E P A R K RANGELEY HORS D'OEUVRES / CASH BAR / NETWORKING WITH AREA BUSINESS EXECUTIVES S PACE IS S PACE IS L IMITED L IMITED, BE S URE TO , BE S URE TO R EG IS TER! R EG IS TER! Please register ahead at www.mainebiz.biz/OTRRangeley24